An old retail colleague of mine used to invite me to attend his regional managers meeting for a session called ‘Property Matters’, This was quite apt because not only was there a list of ongoing projects to discuss, but it did bring in to focus that property in any organisation be it manufacturing, warehousing retail or leisure really is important. Even though the internet dominates our world, you can’t make or store physical goods on line and there is general acceptance amongst retailers that bricks and mortar plays an essential role in an omni channel strategy.
Its easy to see property as a burden to a business – property deals take an age because they are the real estate equivalent of getting the proverbial octopus in to the string bag. Every bit of property on the planet is unique largely because nothing else can occupy the bit of land that it sits on. Add to that the often diverging aspirations of most of the parties involved and overlay the inevitable planning and statutory obligations, and it can seem amazing that deals get done at all.
But notwithstanding, property is a valuable business asset, The right sized premises in the optimal location that is fit for purpose and held on terms which are not overly onerous either in terms of duration or liability can contribute massively to the success of a business.
Be it a brand roll out, relocation, downsizing exercise or restructuring a complex portfolio, a clear strategic vision of what is needed , together with a realistic expectation of the timescales involved and the hurdles to be overcome in achieving it together with detailed cost control is vital, as is having the best team in place to achieve the objectives.
This can only be achieved with by utilising skills and experience.
Few businesses can afford, or indeed have the need for a full time property function as part of their structure. However, specialist advice coupled with the benefit of extensive experience is vital when formulating and implementing a real estate strategy and we offer board level support by acting as your retained Property Director for the duration of a project.
This starts by working closely with directors, senior managers and key stakeholders in the business to agree objectives and required outcomes and then assembling the best team to do the job, be it external experts or existing in house functions. We are hands on and dynamic and, with our wealth of experience in all aspects of commercial property can implement solutions and take an holistic approach.