Midland House

Middlesbrough
Commercial
Midland House - exterior
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From managing agents to providing a full asset management service for an office building.

CKD Galbraith were originally appointed as managing agents for this building, however this has since developed into a full asset management role.  This office building, comprising approximately 16,500 sq.ft. of open plan accommodation, is let to 4 tenants. Recent initiatives utilised to secure favourable outcomes for the client include:

Using our skills in tenant relationship and lease restructuring, in conjunction with a full refurbishment of the common areas, rental income has grown by over 30% in the last 2 years. 

In addition to completing the refurbishment contract on time and on budget, we recovered all monies for the refurbishment prior to placing the contract.

Through close tenant liaising, 2 recent tenant break options have been avoided.

A recent re-tendering of supplier contracts has achieved savings in the service charge of approximately 20%.

After a long period of vacancy, CKD Galbraith, on behalf of the client, appointed and was the day to day contact for, local letting agents.  This resulted in a letting of the entire vacant accommodation.

Our property management and asset management roles continues and further initiatives to increase rental security and, ultimately, capital value are ongoing

Services
Commercial
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