Acero, Sheffield

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
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