Asset Management of Milton Keynes Business Park
12.5 acre Business Park with 10 commercial buildings totally 135,000 sq ft
Site Background
Location: Milton Keynes
Size: 135,000 sq ft
Rental Income: £675k pa
Combination of new and old stock with
644 car parking spaces
Moorfields Asset Management team implemented a strategy which resulted in:
- A sale price 241% higher than agent’s 2013 valuation
- New lettings totalling £330k after rent free and discounted rent periods - Achieving 80% occupancy
- Generated net profits of £830k over 2 years management period
- Dilapidated building was mothballed to remove service charge, settlements in excess of expectations
- Improved communication with tenants with regular face to face meetings and updates
- Refreshed business park website and implement targeted email campaigns to drive lettings