Client
Real Estate Investment Trust (REIT)
Services Scope
Valuation, Asset Removal, and Auction
Contract Duration
5 Years
Annual Volume
150 Properties Nationwide
Objective
We were appointed by a prominent Real Estate Investment Trust (REIT) to manage the valuation, removal, and auction of assets from commercial properties involved in either lease forfeiture or Commercial Rent Arrears Recovery (CRAR) cases. The REIT required a comprehensive, efficient, and compliant solution to handle assets across 150 properties annually within the UK.
Key Services Provided
Auction Services
We provided a clear, efficient route to auction through our nationwide auction centres, ensuring that assets recovered from lease forfeitures and CRAR cases were sold quickly and at the best possible prices. Our streamlined auction process allowed for high market exposure and effective sales outcomes.
Site Clearance & Waste Disposal
Utilizing our internal site clearance teams and certified waste disposal operatives, we handled the removal of assets from commercial properties with precision and efficiency. This service ensured properties were cleared and ready for their next phase, be it resale, re-letting, or redevelopment, without delays or complications.
Asset Valuation
Our team of experienced valuers conducted detailed assessments of all assets at each site, providing accurate and market-relevant valuations to guide auction pricing and ensure competitive returns for the REIT.
Outcomes
Through our efficient and scalable service model, we have supported the REIT in managing 150 properties per annum, ensuring swift removal and auction of assets across the UK. Our ability to provide a comprehensive service – from valuation and site clearance to waste management and auction – allowed the REIT to focus on core operations while benefiting from reliable asset recovery.
The framework agreement has enabled the REIT to streamline their asset management processes, ensuring compliance, operational efficiency, and maximized financial returns from commercial properties affected by lease forfeitures and CRAR cases.