Asset Management is a core skill at Cording where we have deep experience and a long successful track record.
Asset Management is based on pro-active, dynamic and creative delivery of value enhancement activities derived from both the investment business plan and also the in house property management operation. It is essential as a skill even in a core long let portfolio as the nature of geographical areas, trends, occupation are always changing along with micro and macro economics.
Our Asset Managers are sector specialists with complimentary experience and skill sets. Our team are incentivised to deliver value to investors whilst managing strong, long term relationships with our tenants. Often, the teams' flexible strategies derived from long experience of multiple solutions unlock latent value.
Our Asset Managers work closely with our origination team, in assessing value creation opportunities and developing and testing business plan initiatives pre-purchase.
We constantly analyse cashflow, identifying opportunities to enhance this. Our Asset Management team works closely with our research team identifying opportunities for rental growth and monitoring market characteristics.
- Rent review
- Cost optimisation
- Voids reduction
- Lease re-gearing
- Tenant retention
- Lease length
- Covenant improvement
- New revenue growth
Real estate becomes obsolete over time in physical terms unless proactively asset managed. This may range from upgrading a building to modern competitive standards, change of use class or redevelopment.
- Deferred maintenance
- Adding area
- Change of use
- Planning consents
- Improve energy efficiency
- Improve built environment
Market timing is crucial to crystalise the benefits of value-added activities, and as such our team monitor the market very closely and make recommendations to the investment managers as to when to exit.