50 Cannon Street, London, EC4N 6JJ
As part of the asset diversification strategy for MDDUS 50 Cannon Street was purchased in Central London offering 26,150 sq. ft. of office multi occupied office space. With the Daniel Watney Investment Team advising on the purchase and the Commercial Management Team at the forefront of the ongoing management since 2016.
The client strategy on this building was a long term hold, with this in mind protecting leasing events and having a proactive 10 year planned preventative maintenance programme in place were essential to the delivery of client requirements.
Our Role
It is our responsibility as Commercial Property Managers to collect Rent, Service Charge and Buildings Insurance from the tenants. Records for which are stored on our Accounting and Property Management Software and are available electronically to all clients and occupiers via the live web user portal. At the end of service charge years externally audited accounts are prepared and balancing charges/credits issued in line with RICS expectations, it is the Commercial Property Managers responsibility to manage the budget throughout the year and report to the client on parodic variances.
It is our responsibility as Commercial Property Managers to liaise directly with the occupiers through the management of their leases, tenant screenings, complaints, variations to leases as well as ensure tenant expectations are being adhered to.
All repairs and maintenance subject to occupier leases fall under the responsibility of the Commercial Property Manager. In addition to the reactive maintenance we have a 10 year planned preventative maintenance programme in place.
Result
Having managed this asset since 2016 and successfully negotiated a number of lease renewals with existing tenants we demonstrated that occupiers are happy within the building, this is echoed by the lack of voids within the building.
Client Testimonial
"I have worked with Guy Cochrane for the past 2 years and he is my first port of call for all commercial management matters. His experience, attention to detail and relentless work ethic allows me to comfortably recommend him and his company to any contacts I have"
