Multi-disciplinary property portfolio advice, including asset management.
Occupier Property Advice - Aquavista Watersides & Marinas
32
waterside and marina sites in the UK, including city centre and rural locations.
16
counties across the UK.
£220,000
saved in business rates at the time of publication.
Challenge
Vail Williams was appointed by the UK’s largest group of inland marinas, Aquavista Watersides & Marinas, to provide multi-disciplinary occupier property advice to streamline their national portfolio.
Bringing together a multi-disciplinary team, we were responsible for managing the commercial property elements of the marinas, including agency, building consultancy and lease advisory expertise, as well as business rates advice and the proactive management of the portfolio through our Digital Portfolio Management system.
How we helped
- Asset management, working with tenants and the handling of day-to-day property management issues.
- Proactive business rates advice, including rateable value appeals, reductions for vacant space or any material changes of circumstance (MCCs).
- Marina inspections to establish and record all current assets and their condition.
- Proactive lease advice, including rent reviews, lease renewals and lettings agreements.
- Digital Portfolio Management to enable efficient and proactive management of the client’s estate.
“Our objective is to develop Aquavista into a world class waterside operator. The appointment of Vail Williams is an important part of this process, helping us to rationalise our operations. We are indebted to Vail Williams for what their excellent and professional team has accomplished so far, and we are confident this will be a great boost for our future ambitions.”
Steve de Polo, Chief Executive Officer at Aquavista.
Result
- By bringing together a multi-disciplinary team, we enabled the client to organise and proactively manage their property portfolio.
- Business rates mitigation resulted in approaching £220,000 in rating savings to our client at the point of publication.
- Enabled client to implement 26 lease renewals / letting agreements / rent reviews, resulting in £242,000 in additional rental income.
- Deployment of digital portfolio management software resulted in efficiency savings for the client, enabling lease events to be proactively managed.
- The client is now safe in the knowledge that their assets are being managed effectively.
Get in touch
If you think you may need similar support to that described here, or you would simply want to have an informal chat with a member of our team to discuss your property needs, get in touch.
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