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 passing rent of <£18.50 psf
- APAM has completed a significant CapEx programme (c. £8.5M), including new extended reception, introduction of basement amenity and 49K sq ft of office accommodation. Prior to completion, the entire 5th floor was let at £31 psf (>10% ahead of business plan)
- Surrender of one floor, now partially relet to Avison Young. Rent increased from £25 to £33 psf
- The appointed architect TP Bennett has endorsed the building by taking a small penthouse suite at £40 psf.
- Retained as integrated investment, asset and property manager
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
- Shower facilities are currently being extended, including installing an additional 12 showers (from 5 to 17). The facilities will be available to all tenants allowing them to commute via running or cycling
- The property is currently 99% let. Rents increased from £14 psf to £23.50 psf post refurbishment
- Property value increased 20% following APAM asset management
- Nominated for refurbishment of the year at the Insider Media Northwest Property Awards 2018
- 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
- Retained as integrated investment, asset and property manager
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
- A rolling refurbishment to a Cat A plus specification and re-letting programme has been undertaken. Two floors have been pre-let prior to completion of the refurbishment works
- A further three floors are currently under refurbishment (including fourth floor fitted to a Cat B specification) with the implementation of a new shower block and cycling facilities due for completion in Q4 21
- Retained as integrated investment, asset and property manager
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