BNP Paribas uses cookies on this website. By continuing to use our website you accept the use of these cookies.
Please see our cookie policy for more information.

Case Studies

Property Management Case Studies - BNP Paribas Real Estate UK  

Confidential client

Mothballing 60 retail properties in a month
We mothballed 60 retail properties in a month and then acted as the managing agent on behalf of the receiver and guarantor. Our agency team also dealt with some of the disposals.

  • Location National portfolio UK and Ireland
  • Key figures 47 properties, 1.5m sq ft, total rent liability of £17.2m per annum
  • Contact Louise Barnes, +44 (0) 121 234 6851

 

The results

  • Our client was able to significantly reduce its risk by mothballing the 47 properties within a month, in line with landlord and insurance requirements
  • It was able to control the costs associated with the management of the properties
  • The client was able to ensure rents, service charges, insurance and other costs were managed by gaining budgetary control of the properties.

The challenges

  • Our client was a guarantor of a business and when it went into receivership our client inherited a corporate legacy portfolio of 47 retail properties. The properties were a huge liability for our client and it needed someone to take control and manage the assets in order to control its costs and reduce risk.  

What we did

  • We inspected every unit to identify whether it was secure or occupied to give our client a full understanding of the portfolio
  • We assisted with the decommissioning of services across the portfolio and put in place an inspection regimes to ensure the safety and security of each site
  • By liaising with our client and its lawyers we ensured that the landlords were paid
  • Our property management team took on the day to day management of the properties to enable our client to concentrate on its core business
  • Our agency team assisted our client with the disposal of several of the properties.

 

Find your key contacts

Advanced search


International
With a presence in 36 countries, BNP Paribas Real Estate has a global reach, offering our clients in Asia, Middle East and North America unparalleled European expertise.
Carte implantations
  
 
 
 

Latest News and Insights
blogs square