Central Quay - Glasgow
Stabilised the asset, let it to create a sellable investment property.
What did we do?
- Appointed an independent local property manager to get the service charge under control
- Appointed new agents to market the property
- Changed the property name to “Craftworks” and repositioned it in the market
- Refurbished the common areas to create a new identity
- Discreetly and directly found an off market tenant to lease the whole building
Outcome
Property fully let to The University of Glasgow on a 10 year lease with fixed uplifts.
Investment value considerable more than acquisition and refurbishment costs delivering a healthy return to the investor.