The Retail and Leisure team at Assure have had another outstanding year, saving our clients a remarkable £26 million. These savings stem from a variety of challenges, including identifying charging errors, scrutinising budget expenditures, and ensuring caps are correctly applied. Our team has meticulously examined the numbers and lease terms to uncover these savings.
In an ever-evolving economic landscape, the ability to anticipate future costs is fundamental for occupiers. The Assure team are already guiding clients through the process of forecasting for the year 2024, and there are going to be a multitude of factors influencing service charge costs in the coming year. What are going to be the main factors influencing next years’ service charge expenditure?
Miranda Toben, Associate, shares two recent case studies where we successfully challenged excessive budget increases relating to energy costs resulting in reductions totalling £695,000.
Since the publication of the Assure Index 2023 and following analysis of the latest quartley figures, we can report a reduction in the annual equivalent rate of service charge inflation across the retail sector but not offices… why is that?
What has become apparent is that some landlords and managing agents have over-budgeted for energy which could have resulted in budgets being set too high.
Occupiers are increasingly exposed to the risk of paying for Landlords improvements to the environmental performance of their Buildings. Here’s why…
