Factoring your Fitout into Lease Negotiations
Lease negotiations for new business premises are complex, after negotiating rent, term, break clauses and rent reviews, the fit-out and other alterations are often side-lined until after the lease is agreed; at this point the leverage is gone.
The value added by project management
Published in Cambridge Independent, Commercial Property, 8 May 2019
Trend to outsource facilities management
Published in Cambridge Independent, Commercial Property, 10 April, 2019 Are your business premises contributing all they can you your business success? For most of us our “premises” are a major area of expenditure and a source of quite a few headaches! But of course, they also make a critical contribution to the success of the […]
Alterations the temptation to change
Published in Cambridge Independent, Commercial Property, February 13, 2019 When you take on premises to support your business activity it is pretty unlikely that they are match your dream entirely. There is often a need to alter, to improve, to fit-out and to make your own mark. The enthusiasm for such changes and an urgency […]
Focus on your core business by outsourcing your property administration
Many companies leasing property will need to relocate at some point: whether to expand and grow, streamline operations or responding to market dynamics. Sometimes the lease comes to a natural end and the tenant wants to move on, or the existing premises no longer serves the needs of the business. For many corporate tenants, the […]
Dilapidations: Don’t let them Become a Problem
Published in Cambridge Independent, Commercial Property, February 13, 2019 Every commercial lease contains important clauses about repairing obligations or “dilapidations” – but in the excitement of sorting out new premises, the detail and importance of these words can easily be overlooked. We are often surprised at how few tenants read the small-print? Typical leases contain […]
Project Management: Assembling the Professional Team
The property industry is hugely diverse in the range of professions representing different disciplines and specialisms on behalf of various stakeholders throughout the property lifecycle. Clients undertaking property-related projects, such as: construction works, acquiring premises or operating a building, are likely to engage a range of professionals providing technical, commercial, legal and statutory advice during […]
Does Your Project Manager Deliver Value?
Given that projects across the property industry vary in size, form and nature with such varied stakeholders and numerous professions representing different aspects of the industry, it is perhaps unsurprising that there is a wide spectrum of “Project Management” offerings for Clients to choose from. The term “Project Management” within the property industry can mean […]
Realising the Hidden Value in Property
Built assets contain enormous untapped potential however many property owners are not realising the optimal amount of rental income or capital value, through inaction and lack of investment. The built environment is continually evolving with new technology, workplace and lifestyle changes and shifts in market demand. Like all businesses this places an onus on property […]
Getting a Quote vs Tendering
Construction procurement is a sensitive subject involving multiple stakeholders and often comprising a large investment by the Client and not insignificant amount of time and effort on behalf of the bidders. The objective of tendering is for the Project Owner to obtain multiple financial proposals from suppliers for carrying out defined (or sometimes not) works […]