Active Property Management

Speculation about a dip in the market means clients are making the most of their property assets, according to Ryden's property management specialists. Owners and investors want their properties to run cost-effectively, attract and retain tenants and to enhance the value of their investment to achieve the best possible sell-on value. Derek Tillery explains: “Many of our clients are focusing on active management initiatives such as refurbishing vacant accommodation, negotiating lease re-gears and considering wholesale refurbishment”.

The trend is reflected in some of the new instructions won by the firm:

Gillespie Investments Ltd has instructed Ryden to manage the 28,000 sq ft Ingram House at 227 Ingram Street in Glasgow where tenants include Transform Medical Group. Ryden will provide property and facilities management services however the firm is also tasked with letting vacant space and dealing with refurbishment and dilapidations.

Across in the east, Ryden has also secured an instruction at 14 St Andrews Street in Edinburgh where the management team will administer the service charge and look after the common areas at the 9,138 sq ft office building. Occupiers include PRG and Lifeline Occupational Health. Ryden is currently marketing the vacant floors.

Other new management instructions include 6-10 Bells Brae, Edinburgh where Ryden's remit includes collecting rent, service charge administration and insurance collection, and E-Net Park in Linlithgow where Ryden will look after the 3-acre development for SRA Ventures Ltd.

For further information on Property Management, contact Derek Tillery on 0141 204 3838 or derek.tillery@ryden.co.uk