Our supermarket client occupies a large distribution centre under a single lease beginning in 1996.
The insurance premium increased to £359,000 following a 38% uplift in the Buildings Declared Value.
Our insurance team requested a copy of the Reinstatement Cost Assessment for further investigation…
Assure intervention secures £130,000 reduction in insurance premium Read More »
Assure were instructed on a new Service Charge management contract for a multi-site retailer, who had previously been managed by another consultancy. We always kick start new instructions with a thorough review of the lease, financials and an account reconciliation. A fresh pair of eyes will often identify new issues or new ways of resolving old disputes…
New Positive Approach Resolves Old Dispute Resulting in Initial Saving of £40,000 Read More »
The Covid-19 pandemic has had a significant impact on office occupiers and landlords which looks set to continue for some time. Whilst it has not been a mandatory requirement, the Government has advised businesses to allow employees to work from home, if possible, at various times throughout the pandemic. Many employers have implemented hybrid working either for the foreseeable future or as a permanent arrangement…
Hybrid Working – The Challenge for Office Occupiers and Landlords Read More »
Assure Consulting is now an Approved Service Provider Member of the Flexible Space Association, the professional trade association for serviced and managed office providers. We have an extensive track record in the commercial office sector, including several Flexible Space Association members. We advise occupiers on all aspects of lease expenditure, with particular expertise in service charges and insurance…
Approved Service Provider Member of the Flexible Space Association Read More »
For us to understand what will happen to Office Service Charge budgets in 2022, we need to look back. In 2021, the approach taken by office sector landlords to budgeting has been mixed. Whilst the majority presented reduced budgets, compared to 2020, many adopted a ‘business as usual’ approach, issuing increased budgets that have included substantial major works in some cases…
Office Service Charge Budgets in 2022 Read More »
According to our research, Tenants are begining to protect their position to a far greater extent, with many more service charge caps and all-inclusive rents. If this trend continues, it is Landlords that will suffer the fluctuations. In turn, this directly impacts the net rent (after deducting service charge shortfalls) that they are able to secure across the let parts of their scheme…
Retail/Leisure Service Charges – Is there an alternative? Read More »
