Of all asset classes, retail is the most receptive to active asset management; in no other sector is tenant mix so important. A new letting to the right tenant will not only provide rental evidence, it will enhance the prospects for rental growth in the medium to long-term.
Rent reviews and lease renewals allow an investment to keep pace with the market, but our clients expect to beat the market; that won't happen if there's contact only once every five years. We therefore aim to have a continuing involvement with our clients and their properties, to identify opportunities that arise outside the standard five year cycle.
When accepting a new instruction, we always request a full tenancy schedule, in order to identify opportunities beyond the immediate instruction. The close relationship between our professional/lease advisory and agency teams gives us an unrivalled appreciation of the opportunities for asset enhancement.