Service charge budget creation and management across our developments. Setting service charges in line with the landlord’s vision is the most important factor for servicing the scheme and delivering exceptional experiences and environments for the residents. Our approach is tailored to the unique needs and environments of each development, ensuring that our consultancy and services are bespoke and effective. For all of our existing live developments, we have introduced a customer-centric approach to service charge communication, providing transparency through comprehensive service charge packs. This initiative has received widespread appreciation from our clients, resulting in fewer service charge queries and excellent resident feedback. One Crown Place The main cost driver for this mixed-use development is largely allocated to Estate Contributions followed by Private Residential Facilities and Building Staff Costs to ensure that the communal areas are well-managed and serviced. PRINCIPAL TOWER With a combination of residential, retail, and commercial spaces, the largest sum of the service charge is allocated towards Building staff costs followed by utilities and then insurance. This budget supports the seamless operation of the diverse spaces within the development. Thames City As a residential development, consisting of luxury apartments and high-quality amenities, a huge portion of our service charge is allocated to resident amenities in addition to our usual focused costs on Staffing, Security and Utilities for a premium living experience. If you have any further questions, email at lrmprimeenquiries@lrmprime.co.uk. #PrimeDevelopments #ResidentialManagement #PropertyServices #BuildingManagemen
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Explore the Potential of Combining Residential and Commercial Spaces at The Hampshire. 🏢🏠 We recognize the evolving preferences of modern lifestyles and the demand for mixed-use spaces that offer convenience and a vibrant community atmosphere. By combining residential and commercial elements, we create spaces that cater to diverse needs and create a harmonious living experience. Here’s what you can expect: 1️⃣ Live-Work-Play Concept: The Hampshire developments embrace the live-work-play concept, bringing together residential, commercial, and recreational components in one location. Enjoy the convenience of having retail outlets, restaurants, offices, and leisure amenities just steps away from your residence. 2️⃣ Convenience and Accessibility: By investing at The Hampshire, you’ll have easy access to essential services, entertainment options, and dining experiences. Say goodbye to long commutes and enjoy the convenience of having everything you need within your reach. 3️⃣ Vibrant Community: The Hampshire developments foster a sense of community by creating spaces where residents, employees, and visitors can interact and connect. Enjoy a lively atmosphere, engage in social activities, and build lasting relationships with like-minded individuals. 4️⃣ Enhanced Property Value: Investing in The Hampshire offers long-term benefits. The combination of residential and commercial elements can contribute to increased property value and potential rental income. It’s a strategic investment opportunity with the potential for attractive returns. Whether you’re looking for a residential unit with nearby amenities or a commercial space within a thriving community, The Hampshire offers a range of mixed-use properties designed to meet your needs. Contact us this week to explore the potential of combining residential and commercial spaces. Discover a new way of living that perfectly aligns with modern lifestyle preferences. #UPDC #MixedUseSpaces #LiveWorkPlay #ModernLiving #RealEstateInvestment #TheHampshire #ResidentialDevelopments #CommercialDevelopments
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Enhancing Apartment Values Through Effective Building Management - Part 1 In the realm of real estate investment, the management of a property plays a crucial role in determining its value and appeal. Effective building management not only ensures the smooth operation of a residential complex but also significantly enhances its market value. This series will explore how a proficient building management company can be the key to increasing the value of apartment complexes. 👉 Maintaining Pristine Conditions An effective building management company places a high priority on the upkeep and aesthetic appeal of a property. Regular maintenance of communal areas, timely repairs, and renovations are essential. Such diligence not only preserves the property’s value but also attracts potential buyers and tenants looking for well-cared-for residences. A proactive approach to maintenance prevents the escalation of minor issues into costly repairs, ensuring the property remains in top condition. 👉 Enhanced Security Measures Security is a top concern for residents and a major factor in the valuation of property. Effective building management will invest in modern security systems, maintain adequate lighting, and employ experienced security personnel. These measures not only ensure the safety of residents but also enhance the property's attractiveness by providing peace of mind, making it a preferred choice for potential tenants and buyers. Stay tuned for Part 2, where we delve into the realms of Efficient Resource Management and Active Community Engagement, further exploring how these aspects contribute to enhancing the value of apartment complexes. #ProactiveFacilityManagement #StrataCommunity #conciergeservices #concierge #melbourne #melbournerealestate #melbourneproperty #melbournebusiness #propertymanagementservices #propertymanagers #propertymanager #facilitymanagement #cleaning #propertymanagement #facilitymanager #facilities #clean #facilitymaintenance #facilitiesmanagement #stratamanager #future #maintenance #facility #realestate #windowcleaning #construction #cleaningservice #commercialrealestate #geb #facilitymanagers #cleaningservices #buildingmanagement #stratamanagement #facilityservices #cleaningcompany #postconstructioncleaning #buildingmanagement #realestate #sustainability #melbourneproperty #melbournerealestate
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A Thought for all Town Planners WHY do we build business parks in lovely green areas, with no transport links? Why not use Town centre spaces for business & offices and these green spaces for residential🤔 (Picture Genesis Centre Stoke) Retail shops no longer need the 2nd floor+ for storage IDEA 💡 Why not use the upper floors in our town centres for offices, hot desks, town centre business parks This gives a constant high footfall for the retail & hospitality business below, the transport links already exist into our towns so it will make commuting Easier & Greener🤔 Rather than turning town centres into housing estates meaning everyone now must travel OUT of Town in all directions🤦 Now those lovely green areas where many busines parks are built can be, should be, used for housing
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Adjoining buildings in heart of Canberra’s CBD for sale - Colliers An opportunity for an investor to take a major stake in Canberra’s city centre with a fully tenanted property portfolio with outstanding potential, offered by Colliers agents, Matthew Winter and Bella Kanellopoulos. “It isn’t often that multiple buildings are offered for sale in one line,” Colliers Head of Capital Markets & Investment Services ACT, Matthew Winter said. “Four separate title blocks with significant frontage, the adjoining buildings have an NLA of 808.4m2, a multi-tenant profile, are 100 per cent tenanted, boast a strong history of occupation and currently have a WALE of 2.13 years. “Garema Place has long been part of the historic centre from which the city has expanded outwards. The area is now experiencing transformative works and this property is surrounded by key amenities such as the Canberra Centre, bus interchange, and major Government departments, as well as planned infrastructure projects including the London Circuit light rail extension, a 5-star luxury hotel, and a $150m office development. The ANU is close by, along with the proposed UNSW CBD campus.” The ASEAN Developer Paul Powderly Layla Kovac Shanita Rajanathan James Powderly Nick Evans ^Subject to approval. *Estimated as at 1 April 2024. All areas and outlines are indicative only. #Canberrarealestate #canberraproperty #retailrealestate #retailinvestment #realestateinvestment #propertyinvestment
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Success Story for Ryan Snow 😀 We are pleased to have successfully led on a project seeking the change of use of a former Bupa Care Home, together with restoration works to bring the building back to its original purpose as a single dwelling house. Eastbury Manor is a large, detached Grade II Listed Victorian country house dating back to 1875. The main house is set in approximately 8.13 acres of grounds. The main building comprises 24 bedrooms, 2 staff flats, offices, dining room, kitchen, 4 bathrooms, lounge and a basement, which was formerly in use as a Care Home. The building has sat vacant for several years. Whilst the loss of a Care Home (Use Class C2) is not ordinarily supported under Guildford Borough Council’s Local Plan Policy H1, we demonstrated to the Local Planning Authority (LPA) that the building is unsuitable to operate as a Care Home (Use Class C2) without a significant overhaul. That is even more the case post Covid-19, with the introduction of additional guidance and regulations that have resulted in a market expectations requirement for modern purpose-built facilities to meet market expectations. The change of use and restoration works proposed would clearly result in a significant planning benefit, restoring its original footprint and layout. In r Removing the later subdivisions and returning the house to its original use as a family home will be highly beneficial to the historical significance of the heritage asset. No concerns were raised in relation to the applications from members of the public or statutory consultees. The LPA granted planning permission and Listed Building Consent, and our clients can now proceed with restoring this excellent example of a Victorian country house near Guildford. In our experience, many former manor houses (often designated heritage assets) were converted to provide Care Homes. These are no longer fit for purpose and changing the use to residential can bring about a benefit in terms of heritage considerations and maximise the development value of our client’s projects. If you have a project in mind, we can guide you through the complex planning system. #townplanning #carehome #NPPF #residential #changeofuse
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Abloy UK has delved into multi-residential access trends and key market drivers in a new whitepaper, ‘The future of multi-residential access management’, encompassing environments such as apartments, university accommodation, care homes etc. https://lnkd.in/eJfUaWyE ABLOY UK
Abloy UK uncovers multi-residential access trends and market drivers
blog.doorindustryjournal.co.uk
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🏡✨ Let’s explore the various types of Property Investments and Developments in the UK! ✨🏡 Let’s take a closer look at what’s out there! 👇 🏠 Buy-to-Let - Any house or apartment rented to a single person, couple of a family under a single tenancy agreement. Buy to Let’s are easy to setup, usually un-furnished and the tenants take on the responsibility for council tax and utility bills. 🏘️ HMO’s / Co-Living - A house of multiple occupancy (HMO) is usually a house where each of the rooms are rented separately by unrelated individuals but share the kitchen and sometimes bathroom facilities. Separate tenancy agreements are usually issued on these types of accommodation, and these are ideal for students or young professionals. 🏢 Mixed Use Developments - These consist usually in a UK with a commercial unit on ground floor and residential apartment upstairs. Separate rules apply to these types of developments. 💼 Commercial & Retail Developments - These are purpose built developments for commercial use, such as offices, retail spaces such as supermarkets, restaurants, etc. 🏭 Industrial Developments - These are purpose built and can range from small workshops all the way to large warehouses that are rented by blue chip corporates as distribution centres. Do you have a favourite type of development and why? Share your experiences with any of the above types of developments in the comments! 📝👇 . . . . . . . . . . . . . . . . #UKProperty #propertydevelopment #buytolet #UrbanLiving #HMO #coliving #CommercialSpaces #mixedusedevelopments #propertyinvestment
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Well-located, class-A buildings with rich amenities are outperforming lower-tier properties, emerging as the prime choice to attract employees back to the office from remote or hybrid work setups. High-quality amenities are pivotal in occupancy rates and tenant willingness to pay a premium. In a fascinating report by JLL, an attempt is made to quantify and put a number on how much rent premium certain amenities command. A few of the reports conclusions: 🎯 Buildings with a roof or sky terrace command a 5.2% rent premium compared to similar Class-A buildings in the same area. 🎯 Courtyards with outdoor seating offer a 3.5% rent premium. 🎯 LEED certification (‘green’ building rating) boosts rent by 2.8%. 🎯 A fitness center alone adds a 0.5% rent premium, while those with shower facilities see a 2.9% boost. 🎯 A food hall generates a 1.4% rent premium compared to a mere 0.1% for a standalone restaurant. See the full report from JLL in the link below
Highly amenitized buildings generate premium rents and outsized occupancy gains
us.jll.com
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Ever Thought about Investing in London? Starting your journey has never been easier, A beautiful development Under construction set in the Beautiful suburb of north London - Cockfosters Located 100m from Cockfosters tube station, this gated development of 141 one, and two-bedroom apartments offers contemporary living and working space that allows you to connect with the community of like-minded residents. With high-quality design-led finishes, perfectly formed spaces, handy communal areas, and an enviable location, One One Six Cockfosters blends comfort and convenience, providing a lifestyle that balances the bustle of Central London. Some units have been sold already, but the majority are still available as brand-new developments. Estimated Completion: Q2 2026 completion (10% on exchange - 10% six months after - 80% on completion) Total Development: 141 one and two-bedroom apartments Expected Yield: Circa 5.7% Gross Lease Length: 999 Years Ground Rent: Zero Service Charges: £5 psf includes all facilities Facilities: Concierge, Gym, Gardens, Roof Terrace, Residents Lounge The location offers you everything, from the green open spaces of Trent Park to an array of delicious eateries just across the road, not to mention many of the other services you would expect from a metropolitan setting. Commuting is easy if you are still heading into the office, but if you want to work from home and fancy a change of view, there is a residents' business lounge situated in the concierge. #Londonproperty #northlondon #investlondon #BuytoLet #APIglobal
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Today's modular construction has yet to fulfill its potential as an industry disruptor; it rather resembles an industry setback. To truly revolutionize the field, adopting a technology akin to VEGO's—emphasizing standardization, mass production, and ease of assembly—is essential. Being a disruptor requires a shift in mindset, embracing innovation and redefining conventional approaches.
Your advocate at MiTek: Helping the AEC industry Design-Make-Build communities through advanced offsite solutions
#modularconstruction #hospitality #hotels news US... "...To harbor some positive changes, there needs to be some disruption in the construction industry...... Modular construction could be that disruption. “We’ve been talking about modular construction for 25, 30 years, and no one has quite been able to figure that out. I think that there’s so many benefits in going with modular construction,” he said. “With modular, I’ve heard that you could get [a property] built within four to six months. We’re going to put a lot of effort into figuring that out because … we’re developers and the supply/demand metrics are in our favor...” Mitch I. Patel, Vision Hospitality Group, Inc. (Credit: costar.com, Trevor Simpson) . . . #modernmethodsofconstruction #MMC #offsiteconstruction #prefabrication #construction #realestatedevelopment #buildingmaterials
Construction Industry Needs Disruptions, Hotel Execs Say
costar.com
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