Client
Danish Pension Fund
Location & Size
c. 80K sq ft Grade A office building in Sheffield
Appointed
May 2018
Role
Integrated investment, asset and property manager
Asset Management
- Letting campaign following acquisition resulted in 100% occupancy
- Improvements to reception and amenity provision completed
- Light refurbishment has been carried out to the 1st floor
- The building currently stands at 86% occupancy with strong market interest in the remaining vacant space and terms having been sent with a potential tenant
- Lease Events Managed: 8 new lettings, regears, renewals and rent reviews and we have added £4.9M in value to the asset.
- Set new headline rent for Sheffield at £25.50 psf.
Property Management
- 100% of historic arrears including Covid arrears collected
- Current rent collection 100%
- Service charge budgets and reconciliations in line with RICS governance timescales
ESG
- The building has an EPC grade A
- A café at the property provides social amenity