Strategic asset management of varied portfolio, spanning investment, retail and regeneration categories.
Clear communication and coordination enabled positive outcomes, resulting in two-year contract extension.
Property Asset Management - Wokingham Borough Council
18
assets
Management of portfolio, Thames Valley.
Challenge
Vail Williams was appointed by Wokingham Borough Council following a competitive tender to manage an 18-asset portfolio of properties. Included within this was Bush Walk, a partially listed retail parade situated in a designated conservation area in Wokingham.
The building had reached a critical stage, requiring extensive fabric repairs, however, its listed status and location proved complex in terms of compliance, planning approvals, and its long-term maintenance strategy.
How we helped
- Working alongside the Council, our asset management team and in-house building surveyors, developed a tailored Planned Preventative Maintenance (PPM) schedule for the property.
- This provided a clear framework for addressing maintenance liabilities and supported informed budget planning.
- Year one focused on visual uplift, with landlord-funded shopfront enhancements to improve the street scene and reflect conservation requirements.
- Subsequent phases were programmed, with costs to be recovered through service charge, ensuring fair and transparent apportionment.
“Vail Williams has provided proactive and strategic asset management support across our portfolio, enabling us to enhance asset performance, support our tenants, and deliver tangible improvements to public buildings. Their expertise has added clear value to the council’s estate.”
Irene Kearns, Estates Manager, Wokingham Borough Council.
Result
- Throughout the process, our asset managers have taken a lead role in coordinating contractors, securing statutory compliance, and engaging tenants to manage expectations and minimise disruption.
- This structured and collaborative approach has safeguarded the long-term condition and value of Bush Walk to Wokingham Borough Council, whilst delivering meaningful, visible improvements to the local environment.
- Thanks to the performance of our team, the initial three-year contract was extended by a further two years.
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.
Woking
