Case Studies
- Significantly Reducing Rates Liabilities
- Adding value through Facilities Management
- Fast track development enables important European contract wins
- Adding value and saving money
- Securing future value and flexibility
- Houses in Multiple Occupation
- Value Enhancement and Removal of Planning Restriction
- Residential Development
- Office Block Management
- Industrial Property Sale
- Commercial Property Portfolio
- Meeting Clients Investment Objectives
- An Old Master Brought Up to Date
- Seeing What's Best for the Business
- Up to the Challenge
- Thinking Ahead of the Game Pays Dividends
- Maximising Potential and Value
- A Little Bit of Digging Can Pay Dividends
- Development, Sale and Lease Back
- Rapid Disposal and Rent Uplift after Fire
- An Unexpected Windfall for Car Giant
- A Refit Under Budget & A Smooth Relocation
- Resolving a Logistical Challenge
- Recognising the Alternatives to Relocation
- Reducing Rates Liabilities by over 10%
- Green Belt Planning Permission
- Warehouse Refurbishment for Vitacress
- New HQ for The Royal Yachting Association
- New Build for Hyland Edgar Driver
- New Premises for Fastener Stock
- Property Acquisition for Compass Group
Rapid Disposal and Rent Uplift after Fire
Dawnay, Day, a London-based international property company and asset manager, appointed Vail Williams after they lost a warehouse building to fire in Eastleigh. Our advice resulted in a marketable new building that has been let more advantageously at a higher rent.
The Challenge
The challenge was to maximise income from an insurance build. The original structure was an undistinguished shed from the early 1980s. There had been 18-months remaining on a lease with a difficult covenant. The existing site dictated the size and location of the new building but the design needed to be far more imaginative, and to be marketed profitably in the very competitive south coast environment.
The Solution
Dawnay, Day had in-house expertise in industrial buildings but they appointed us for our exceptional knowledge of the local market to ensure the building included the most marketable features. We gave detailed advice on the most effective specification, including: office content and layout, as well as the height and number of doors, and the ability to split.
We negotiated a letting at a higher rent than previously within only 6 months of practical completion. And we won the tenant against 6 other competing buildings in the area. In fact, the market is so tight that this was the first building of this size to be let in the Southampton area since it was completed in March 2006.
Business Benefits
The client has built a more marketable building and let it on a more advantageous covenant at a higher rent than previously.
- building let within 6-months
- 10-year lease
- a more advantageous covenant
- rental up by £2.50 psf
Dawnay, Day is a regular client of Vail Williams because we do what’s best for their business.
