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Case Studies

Property Management Case Studies - BNP Paribas Real Estate UK  

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Reducing operational costs by 50% on a 400,000 sq ft office
Following a major refurbishment it was necessary to ensure a smooth handover of the building from the building contractor to enable the leasing campaign to commence and at the same time to minimise running costs.

  • Location City of London
  • Key figures 400,000 sq ft office building which has been subject
  • Contact Nick Sawyer, +44 (0) 20 7338 4406

 

The results

  • The handover from the refurbishment contractor was completed on time and with all the main operational contracts in place, enabling Little Britain Holdings to start letting the space immediately
  • Little Britain Holdings had an operational contract in place to reduce its risk and ensure high standards of building presentation
  • The efficient mobilisation of the building enabled operational costs to be reduced by 50% from the time of handover
  • The preparation of leasing due diligence material was accomplished during a two month period, enabling Little Britain Holdings to progress lease contracts at an early stage.

The challenges

  • Little Britain Holdings had a requirement to minimise financial exposure during the leasing period while ensuring the building was fully compliant from a risk management perspective, and to ensure high standards of building presentation. This would help it reduce exposure to void operational costs, including service charges and utilities.

What we did

  • By defining the mobilisation scope and management strategy during the refurbishment phase we enabled the efficient handover of the building at practical completion
  • We liaised closely with the base build construction team throughout the project to help facilitate a smooth handover at practical completion
  • We recruited key members of the management team during the mobilisation period, to enable a full knowledge of the building to be gained
  • We applied our expertise gained from other complex mobilisation roles to ensure the project was delivered efficiently.
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