Creating opportunities across a range of commercial properties

“This was a complicated purchase of multiple assets located nationwide. The challenge was largely the appeal, as we could see real value creating potential in this portfolio. Once we had agreed the purchase, off-market, we helped our client prioritise the most attractive value-enhancing asset management. Cited’s existing relationships with occupiers and the agency community helped us significantly improve the purchase metrics ahead of the purchase completion.”

“Our involvement on this asset stretches back to 2017 when we helped AEW on the acquisition. Since then our team have remained involved, helping to bring new life to the parade with occupiers including Specsavers and Kokora. It was a pleasure to be asked to assist on the sale, and to achieve such a fantastic price, some 25% ahead of valuation, was a great way to complete the story.”

“Cited are committed to deliver on Claire’s business plan of 10+ new stores a year in the UK, entering new locations, as well as relocating existing stores. At Cited, we pride ourselves on our ‘hands on’ approach to work. From identifying new store opportunities on town trips, negotiating terms, through to completion, we ensure we are there every step of the way to advise our client as best as possible. ”

“We were delighted to have helped Evolve Estates acquire these three shopping centres. They have a strong community, convenience and leisure focus that will see them fit perfectly into Evolve’s existing portfolio. Understanding our client and their objectives helped us target and deliver the opportunity ‘off-market’, at attractive pricing terms. Whilst the purchase process was ongoing, my occupational colleagues helped deliver new tenants and lease extensions on several key units, helping to create value ahead of the purchase completion.”

“It has been thoroughly enjoyable to work alongside U+I and Hermes on the asset management of St Mark’s Square, Bromley. Taking the initial advice on tenant mix from an idea to a reality has been a really rewarding journey. Net operating income is at its highest level to date and Cited’s occupational team are working hard at seeking tenants for the last few remaining units as well as entering into negotiations with existing tenants over the extension of their current leases”