Appointed by National Union of Journalists.
Responsible for managing its London headquarters.
Implemented a proactive asset management strategy, ensuring asset value, operational efficiency and tenant retention.
Property Asset Management - National Union of Journalists
10,966
sq ft
office building in King’s Cross.
Challenge
Vail Williams was appointed by the National Union of Journalists (NUJ) to deliver property asset management for its London headquarters at Headland House.
Our asset managers were brought in to proactively manage the asset whilst ensuring a cost-effective service charge. We also delivered day-to-day facilities management and implemented a forward-looking management strategy aligned with the King’s Cross area.
How we helped
- We were challenged with running a service charge that offered value for money whilst being competitive for the area.
- As part of this, we met with all contractors, setting new standards and reviewing pricing.
- We then delivered a bespoke asset management strategy to protect and enhance the long-term value of Headland House, aligning it with market trends in the King’s Cross area.
- Alongside this, we managed the building, ensuring a high-level of service for tenants, whilst undertaking rent collection and service charge administration.
We thank Vail Williams for producing a long-term asset management plan for our headquarters. We have found the team to be professional, dedicated and courteous and were impressed by their collaborative and transparent approach with tenants, ensuring good relationships all round.”
Jackie Clark, Head of Finance and Membership, NUJ.
Result
- By implementing a clear long-term property asset management plan, we improved operational efficiency, day-to-day building performance and tenant relationships.
- Our focus on efficiency and transparency ensured the NUJ received value-driven management while maintaining building performance, allowing them to focus on core activities.
- We also provided ongoing advice around leasing opportunities, particularly in relation to vacant space, supporting income optimisation.
- This transformed a vacant asset into an income-generating investment in a key London growth location.
- In the second year of management, we are now retendering the M&E contract to ensure efficiency and maintenance.
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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