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Case Studies...

Project Type
NEW PROPERTY SET UP - LEISURE & RETAIL
Client MWB (LEISURE FUND NUMBER 2)
Job STAR CITY BIRMINGHAM
Specialisms • Management Set Up
• Service Charge
• Recruitment
• Asset Management
• Marketing
Synopsis

Star City was developed by Richardson Developments and forward funded by MWB. The development opened in July 2000 and comprises some 395,000 sq ft including a 30-screen cinema, the largest in Europe, with seating for 6,200 visitors; a large family entertainment centre offering bowling and electronic games; a health and fitness club. Star City also boasts a large number of restaurants, bars, cafés and retail units.

David Offen was appointed by MWB to head up the property management project team. Responsibilities included formulating the lease and service charge structure, selecting and recruiting the management team and specifying and tendering the main service and supplier contracts.

David also worked with Warner Cinemas to arrange the launch party (which was a major international film premier) and coordinated the pre and post opening marketing initiatives.

Following the successful opening, several asset management initiatives were investigated and worked up for implementation.



Project Type
Lease Re- Negotiations
Client Morley Fund Management
Job Becketts House Ilford
Specialisms • Asset Management
Synopsis

The property comprises two separate office buildings with a combined area of c57,000 square feet representing the best quality accommodation in Ilford. Let to several tenants including the NHS. Optic were retained by the client in an overseeing asset management role to mitigate against a damaging lease expiry profile, to drive rents and secure lettings / renewals. We built on our long standing tenant relationships and renegotiated existing, surrendered others and agreed new leases to provide a significantly improved rental flow and at the same time driving the rents to the highest in the area.


Project Type
MANAGEMENT SET UP – RETAIL
 
Client Centros Miller/Land Securities
Job FREMLIN WALK, MAIDSTONE
Specialisms • Management Set up
• Service Charge
• Recruitment
• Asset Management
• Marketing
Synopsis

Fremlin Walk was developed by Centros Miller and funded by Land Securities. The development opened in November 2005 and comprises c.350,000 sq ft including a House of Fraser department store and 50 new retail outlets with parking below. Mark Wingfield was appointed by Centros Miller to head up the management set up . Responsibilities included formulating the lease and service charge structure, selecting and recruiting the management team and specifying and tendering the main service and supplier contracts, and coordinated the pre and post opening marketing initiatives. Following the successful opening, several asset management initiatives were investigated and worked up for implementation




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