LSH Takes Control of Regional Office Portfolio

Posted on 1 August, 2012 by Neil Bird

Commercial property consultancy Lambert Smith Hampton (LSH) has been appointed to oversee a portfolio of regional office buildings, the company reports. The properties are located throughout the Midlands and the north of England and LSH will asset manage the portfolio on behalf of Fixed Charge Receivers.

The buildings are located in Stafford, Burton-on-Trent, Wolverhampton, Bedford, Northampton, Salford, Runcorn, Blackburn and Wakefield and together they represent 77,000 sq. ft. of office space.

The portfolio includes offices on high quality sites like Staffordshire Technology Park, Burton-on-Trent’s, 200 acre mixed use site, Centrum 100 and Bedford’s 70 acre Priory Business Park. All the properties are currently multiple tenanted by both national companies and local firms.

Liam Hawes and Nick Hammond will oversee the instruction from LSH’s Nottingham office, but LSH offices in Birmingham, Luton, Sheffield and Manchester will provide a local point of contact. There will be further involvement from the firm’s Building Consultancy, Lease Advisory and Agency departments.

LSH say they have already made changes to the way the sites are run and they promise to add value to the assets through continued improvements.

“This is a very challenging and complex portfolio, as is to be expected with a receivership instruction.” Liam Hawes explained.

“Already, tenants have seen real improvements in the way the sites are being managed – our proactive approach ensures that the asset value is maximised through the retention of existing tenants and housing of new occupiers into the schemes.”

Nick Hammond added; “LSH are well placed to handle the instruction, from both a strategic and operational perspective, with our network of local offices and cross-discipline expertise adding value throughout.”

LSH was formed in the 1980s and has since enjoyed significant growth making it one of the UK’s largest commercial property consultancies.  Today it has access to 850 specialist staff providing services and advice on a range of subjects including acquisitions and disposals, investment property management and building consultancy.

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