Commercial Property Solutions

Asset Management Case Studies

Property
NBPP
Property: NBPP Portfolio, Yorkshire
Investment portfolio of three buildings
Client: Northern Britain Property Partners
  • Acquired Marine Court in Hull, Carlton Tower in Leeds and Carbrook Business Park in Sheffield for c. £10 million.
  • Advised on the initial acquisition building surveys, the dilapidations and the design and contract administration services for the refurbishment and improvement of the buildings.
  • Acted as property managers and agents. Due to active management the portfolio quickly increased in value by over £1 million.

Commercial Quay
Property: Commercial Quay, Edinburgh
Mixed use development comprising retail, office and restaurant units
Client: GE Real Estate Investment Company Ltd
  • Managed the property for original owners Forth Ports who instructed Ryden to market and sell the investment.
  • Sold the property to Joint Properties for £11.3 million.
  • Retained by Joint Properties to manage the buildings and went on to sell it for offers in excess of £16.25 million.
  • Retained again as managing agent and addressed common repair and maintenance issues on behalf of the new landlord.
  • Carried out a detailed audit of the service charge account and re-tendered the contract accounts to ensure GE is in full compliance of statutory obligations at an economical cost.
  • Commenced a phased programme of refurbishment.
  • Enabled GE to extract the best value from their investment while ensuring the various tenants’ requirements are being met.


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