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With typical vacancy costs amounting to 25% of annual rental income, 33% of rent liability within 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 in order to defend asset values and outperforming industry benchmarks. FSP quantify rental income risk and provide realistic strategies and practical support which improve customer satisfaction, turnover and occupancy levels and rental income.
FSP advise 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 by working closely with the asset management team, FSP’s advice is at its most effective and if a pragmatic risk management focus is adopted strategies will naturally optimise prospects for growth and allow investments to out-perform benchmarks.
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