With typical vacancy costs amounting to 25% of annual rental income, 33% of rent liability with vulnerable occupiers and continuing deterioration in the corporate health of retailers, beleaguered asset managers can be forgiven for not knowing where to turn.
Given this challenge, it is more critical than ever to achieve turnover growth, to defend asset values and outperform industry benchmarks. FSP quantifies rental income risk and provides realistic strategies and practical support to improve customer satisfaction, turnover and occupancy levels and rental income.
FSP advises 17 of the top 30 UK retail portfolios including Legal & General, Aviva and PruPIM. Recent successes include Midsummer Place (Milton Keynes), Festival Park Outlet Centre (Ebbw Vale), Southside (Wandsworth) and St Andrews Retail Park (Birmingham).
FSP services include Rental Risk Assessment, Asset Strategy and Leasing Support.
With over 30 years experience advising Asset Managers, FSP has experienced the best and the worst of times in retail property investment. Risk will always be inherent in retail but FSP recognises that its advice is at its most effective when closely integrated with the work of the asset management team. With a pragmatic risk management focus, such strategies will optimise prospects for growth and allow investments to out-perform benchmarks
“ Aviva investors have successfully worked with FSP for some time. We see research as being a key component of active asset management and FSP provide Aviva Investors with a first class, comprehensive service which is tailored to suit our specific requirements.”
Chris Paterson
Property Fund Manager
Aviva Investors