Loading ...ERA Property been instructed to renegotiate the lease committments on 4 sites after a “desktop” review of a client’s operational portfolio.
Based on an initial one day’s consultancy, we confirmed that the actual property costs and commitments across 11 sites in the UK were 25% more than the company believed. After applying a number of metrics to the revised data, we were able to identify a number of opportunities to reduce those costs in key sites. In particular, a concessionary deal offered by the landlord on their most expensive site which had been placed in solicitors hands was found to be unattractive at the present time and the papers will be returned.
We are now instructed on a “call in” basis to help the senior management team deal with 4 priority sites initially, possibly rolling out to a further 3 in the next year.
Most companies do not know the true costs of their property holdings and are therefore often making management decisions based on incorrect data. A simple cost effective review by our experts could save clients money and enure thay have a better chance of meeting their targets.
The steady move towards widespread contactless card payments has been given a major boost as the government launches a public
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