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One Stop Property Shop for Global Food Provider

Project and Property Management

Client: Compass UK & Ireland

Location: Uxbridge

Services: Office acquisitions and lettings, lease advisory, building surveying, dilapidations assessment, preparation of specification of works, tender management, project management of an office refurbishment programme, property management

 

The Brief

Brasier Freeth has acted for various subsidiaries of the largest global food service provider, Compass UK and Ireland, for over 25 years.

Brasier Freeth’s Business Space Agency was instructed to acquire new offices for the company. Following their relocation they were also instructed for the disposal of their old premises. Our Building Surveying and Property Management Teams have also received instructions to advise on the refurbishment the old premises and manage the property going forward.

The Journey

In 2011 Brasier Freeth’s Agency Team successfully acquired and negotiated favourable lease terms for the company  on 23,000 sq ft of office space in Parkview, Uxbridge.

Following their successful relocation to their new premises, the Team commenced marketing to find a new tenant for the Rivermead office building that had become surplus to the company’s  requirements.  Following a successful campaign, a new tenant was secured in 2013 for 30,000 of the 45,000 sq ft building in Uxbridge.

Prior to the new tenant’s occupation in 2014, the building was in need of substantial refurbishment within a tight timescale. The Building Surveying Team was on the case this time, surveying the building, preparing a dilapidations assessment report for the Head Tenant, preparing a detailed Specification of Works, obtaining tenders and securing Landlord’s consent and statutory approvals.  The refurbishment programme had a contract value of £1 million and was completed to a very high standard and, crucially for the new occupier, delivered on time.  Prior to occupation, our Building Surveyors were once again called upon to advise regarding the sub-tenant’s proposed fit-out and design and were enlisted to oversee the £2 million fit-out works undertaken by the new occupier.

Having already assisted in lease negotiations and advised on service charge matters, the Property Management Team were next to get involved and received instructions to manage the building. This involved ensuring that all service contracts for cleaning, security, landscaping and maintenance were in place for the new tenant’s occupation and maintained thereafter, including payment of contractors’ invoices.  The Team also acts as the point of contact for the tenant’s, liaising with them on service charges and collecting their account payments.

The Results

The new tenant occupied the fully refurbished Rivermead offices in May 2014 date and Brasier Freeth’s Property Management Team are contracted to manage the building for the next three years.  As a multi-faceted professional Practice, this provides a perfect example of how our teams can offer the full spectrum of property consultancy services, minimising cost and maximising our clients’ asset potential.

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