Skypark

Glasgow
Commercial
Skypark - Exterior
Alllied London Properties
£89 million

Overseeing the complex, asset management initiatives, negotiations with tenants and refurbishments.

We were appointed to oversee this complex in 2002 when it was valued at £34.6million. Asset management initiatives followed whereby the complex was repositioned in the market. This involved numerous negotiated tenant surrenders and significant refurbishments to increase office rental from £8 to £16 per sq ft. The complex sold in December 2006 for £89 million.

Skypark - Interior

Tenants: 103 plus 698 car parking licences

Uses: Industrial, Retail, Call Centre, Office Fast Food

Rent collection rate: 97% within 7 days of the due date

Service charge budget: £930,000 pa

Arrears on rent roll: 2%

2002 - 2006

Services
Commercial
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