26 February 2019
Adding value to fund portfolios - First Property Group
Property Management
Consistently tipped by the investment press as one to watch, First Property Group ("Fprop") have UK-managed assets of £423 million across 55 sites.
Since 2014, SHW and Fprop have widened and deepened their relationship from one instruction to a fully integrated range of services including:
- Full property and facilities management of Imperial Place, a 200,000 sq ft four building office campus in Borehamwood.
- Rating advice for any vacancies across the portfolios, key when properties are being refurbished or converted or between tenancies, resulting in £50,000 savings with more accounts pending.
- Acquisition of a multi-let office investment, The Crown in Westerham (21,389 sq ft).
- Management of a range of other commercial properties in locations such as Uxbridge, Watford, Birmingham, Crawley and Southampton.
- Project Management and design of Cat A office refurbishments, proposed M&E plant relocations and other significant capital projects. Specialist advice on strategies to achieve maximum value and consideration of energy efficiency and sustainability.
Martin Pryce, Fprop Director and Fund Manager said: "What started five years ago as the result of a London office redevelopment acquisition has blossomed into a fully functioning partnership across several sites and utilising a number of SHW services. What we most appreciate is the firm's proactive approach to property and facilities management. They head off issues before they arise."
"We are also very grateful for SHW's contribution to making our buildings more valuable, and sustainable, with their robust project management and we have seen how their approach has achieved substantial savings."
SHW Commercial Property Management Partner James Hadden said: "Fprop are dynamic and quick decision makers. They also invest in their properties for the longer term, delivering a better working environment for their tenants."
Contact:
James Hadden
020 7389 1523
