Asset Management of Milton Keynes Business Park

12.5 acre Business Park with 10 commercial buildings totally 135,000 sq ft

Asset Management

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