TRACK RECORD EXAMPLES
The Arches, Leicester
- Acquired in 2021 for £31.6M in partnership with Catella European Residential Fund III (“CER III”)
- APAM instructed by Catella Residential Investment Management (“CRIM”) to act as investment and asset manager
- 184 unit bespoke Build to Rent development in Leicester City Centre with a high quality and well-designed amenity space totalling 4,200 sq ft including a cinema room, 2 residents lounges and a large double height reception area together with 43 car parking spaces and on-site cycle storage
- CER III’s first UK acquisition forming part of a longer-term strategy to invest in high quality, well-located residential assets across the UK
Holborn Island, London
- Appointed by International Institutional Client
- c. 350K sq ft mixed-use island site
- APAM instructed in 2017 to asset manage Holborn Island
- Developed a cohesive asset management strategy to meet client’s objective of maximising income whilst exploring a long-term redevelopment of the 2.6-acre site
- Annual income increased 71% across 88 individual transactions
- Redevelopment plans prepared for 100 Hatton Garden
- Preparing redevelopment strategy for block date in 2026
- Retained as asset manager
1 City Square, Leeds
- Appointed by Institutional Pension Fund Client
- c. 108K sq ft office building in Leeds city centre
- Property 77% let at purchase with a low average passing rent of <£18.50 psf.
- Ability to take back a further 18% of total floor area in 2019, where rent passing reflected £4.75 psf
- APAM has partially completed a significant capex programme (c. £8M) including new extended reception, introduction of basement amenity and 49K sq ft of office accommodation.
- Completed new letting on 5th floor at £31 psf post refurbishment (>10% ahead of business plan).
- APAM’s target is to lease up vacant space to refurbished ERV of £30 psf+
Bridgewater House, Manchester
- Appointed by Institutional Pension Fund Client
- c. 215K sq ft multi-let office building in Manchester City Centre
- APAM instructed in 2016 and have implemented a £4M CapEx programme including new extended reception, suite refurbishments and façade works
- The property is currently fully let. Rents increased from £14 psf to £23.50 psf post refurbishment
- Nominated for refurbishment of the year at the Insider Media North West Property Awards 2018
- Property value increased 20% following APAM asset management
- Retained as integrated investment, asset and property manager
Acero, Sheffield
- Appointed by Institutional Pension Fund Client
- c. 80K sq ft Grade A office building in Sheffield
- APAM acquired for £26.6M in May 2018
- 50% vacant time of purchase, achieved 100% occupancy within 12 months of ownership, provided turn-key solutions for occupiers
- Set new headline rent for Sheffield at £25.50 psf.
- AM initiatives included fitting out reception to provide lounge/break out space, improved cycling facilities, new branding both internally and externally
1 Finsbury Square, London
- Appointed by Institutional Pension Fund Client
- c. 50K sq ft multi-let office building located in the Square Mile in the City of London
- APAM instructed in 2016
- Full refurbishment of the reception area completed
- Significant rental increase achieved on two retail units at rent review
- A rolling refurbishment to a Cat A plus specification, and re-letting programme has been undertaken, with two floors being pre-let prior to completion of the refurbishment works
- Major plant project works completed within 6 months within budget and time frame.
- Three floors due to be vacated in 2021 to be fully refurbished and a new shower block to be installed in the basement.
Cornerblock, Manchester
- Institutional Client
- 60k sq ft CBD office building with ground floor retail
- APAM acquired off market for £24.8M from an investment bank looking to sell due to Covid-19
- Substantially refurbished in 2017 by previous owner for in excess of £140psf, 18K sq ft vacant. Headline rents c. £10psf below prime new build
- Opportunity to improve amenity to accelerate leasing velocity and aid tenant retention
- Retained as integrated investment, asset and property manager