Case studies
Royal London Asset Management
Enabling Royal London to enhance its decision making process. As part of our service delivery for regularly valued funds we provide scenario testing and option analysis in order to inform clients of the valuation impact of various asset management opportunities and tenancy changes.- Location UK Nationwide
- Key figures £200m portfolio, including 35 properties and three development sites
- Additional Information David Mills, +44 (0) 20 7338 4311
The results
- RLAM is able to get an independent opinion of the benefit of undertaking asset management initiatives.
- We guarantee to answer any RLAM valuation query within 24 hours, therefore enabling them to react quickly to any given negotiation.
- Knowing what the valuation impact of a proposal is means that RLAM can make informed and timely decisions.
- RLAM is able to progress their wider investment strategy knowing how they will be valued, as potential acquisitions are reviewed by us prior to purchase.
- Due to a thoroughly considered acquisition strategy and asset management framework, RLAM have been able to drive capital appreciation and improve income generation.
The challenges
- In the current climate there is an increased risk of tenant default, void uncertainty and more complicated lease structures.
- More occupiers are seeking rental concessions, flexible payment plans and CVA style agreements, which has placed more focus on the asset management abilities of the RLAM team.
- With downward pressure on capital values and weakening property returns RLAM are developing innovative solutions to grow and maximise the performance of their funds.
- Fresh investment into commercial property funds is currently more restricted and RLAM need to ensure that their performance demonstrates their ability as a leading UK property manager.
What we did
- As part of our contract to provide regular portfolio valuations we benefit from an ongoing dialogue with RLAM and have advised on numerous strategic asset management positions to help them advance the performance of their funds.
- Working alongside our Asset Management team we have been able to provide RLAM with a range of services to help maximise their individual property and overall portfolio performance.
- Specific projects include re-gearing office leases and advising on a range of redevelopment prospects for a mixed use scheme in southern England.
- Our specialist teams are now working closely with RLAM to advise on the acquisition and disposal of a number of properties across the UK, in line with the clients’ investment strategy.
English