29 Museum Street, London WC1
Strategic asset management
Our client purchased 29 Museum Street from a long term, private owner that had neglected its property and asset management, resulting in a property investment that was in need of physical repair as well a a route to increasing investment income and yield..
We provided the client with a long term asset management plan which was then adopted.
Our role in this project includes:
Initial client consultation to define project brief and objectives
Let vacant floor in building and then obtain vacant possession when required to facilitate a refurbishment
Negotiate terms for a new lease with another tenant that has occupied 2 floors for more that 50 years but ultimately obtain vacant possession
Liaise with client and construction team over refurbishment of 3 upper floors of offices
Bring newly refurbished office floors to market post refurbishment
Client
A hospitality sector company.
Location
Bloomsbury.
Property Type
A multi let, historic building extending to 1,900 sq. ft.
TENURE
Freehold.
Do you wish to discuss the management of an asset?
If so, why not give us a call or send an email?
David Shapiro