Track record

International retailer’s non-operational property portfolio

Private Client

Proactively managed the portfolio to maximise value and minimise risk

Strategic Asset Management

Investment

Lease Advisory

Service

Retail & Leisure

Industry

Adam de Acetis

The project

Rapleys was appointed as a property consultant to manage the portfolio proactively. The portfolio encompasses the non-operational properties where the client owns property which they do not occupy or have a sub-lease on a similar basis.

The general remit was to maximise value and to minimise risk and to provide a data audit to provide a basis to manage the portfolio within a derived contractual and legislative structure.

Our solution

The data audit resulted in finding and delivering c£750,000 in contracted revenue that was previously unidentified
The data analysis has provided a complete base to report correctly and concisely and to advise timely on lease events to maximise income and minimise costs
Transactionally, we have negotiated several new leases and opportunistic lease regears to protect and increase income streams
The debt recovery position improved from 53% collection of due rents when we took over the instruction in December 2019 to 93% currently. We have done this by proactively working through tenants Administrations and CVA’s, agreeing contractual payment plans with tenants and ongoing stronger debt control
Delivered over 1600 test point inspections within the client’s non occupied Portfolio, to safeguard the clients statutory, insurance and reputational position
Working closely with other service lines within Rapleys, actively managing the client’s obligations on building maintenance and managing tenant’s lease obligations.