Asset Management

Case Studies 

Capital Tower, Cardiff 

The tallest office building in Cardiff, this 123,000sqft tower was the headquarters of Admiral Insurance and was bought in the knowledge that they would be vacating, giving rise to the prospect of 75% vacancy.

Following acquisition, Topland has embarked on a multi-million pound rolling refurbishment programme which has led to 36,000sqft of new lettings and the creation of a highly successful Business Centre operating on a further 20,000sqft. In addition further leases have been renewed and extended leading to occupancy of 80% with occupiers including Admiral, The Automobile Association, Deloitte, HM Government and Capita.

 

Friars Gate, Solihull 

Friars Gate is a 72,000sqft office building.  On acquisition it was multi-let with a number of tenants not in occupation and additional voids.  Since acquisition Topland has negotiated surrenders on 23,000sqft of space on receipt of substantial premiums, undertaken a major refurbishment programme of that space together with works to reception and the common parts.

As a result the property is now 88% occupied, with tenants including Bank of Ireland, Thyssen Krupp and the NHS and the WAULT of the building as a whole has been extended.  The remaining space is under offer to a major international organisation. In addition Topland has successfully completed the development of a Drive Thru coffee facility within the site let to Costa Ltd on a 15 year term.

 

Whitefriars, Bristol 

Whitefriars is a 150,000 square foot multi-let office building which was bought by Topland in September 2012. Since purchase the vacant floors and common areas, including an on-site gym and café, have been refurbished. This has resulted in new lettings and occupancy has increased from 60% to 95% establishing Whitefriars as a desirable location for occupiers looking for good grade ‘B’ space in a well-run building.

 

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