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Asset Management

We offer comprehensive asset management services to our clients, drawing on the extensive experience from our own portfolio and an ethos founded on managing the properties as if they were ours:

  • A wealth of experience across the investment, asset management and development disciplines
  • A proven track record of high returns as a principal investor, joint venture partner and external asset manager
  • A distinctive culture based on our principles and heritage
  • A flexible approach that ranges from driving short term returns to long term custodians

As well as our own UK-based portfolio, we manage a number of properties for third parties and joint venture partners. These include a £100 million Midlands-based portfolio of 13 industrial estates and a retail shopping centre in Ely.

Asset Management Case Study 1

BLHT Portfolio

BLHT Portfolio image

215,000 sq ft

The portfolio is geographically spread around the UK with half located in Scotland and the remainder in England. It’s primary purpose is to generate a sustainable income stream for Buccleuch Living Heritage Trust to reinvest into the maintenance of historic buildings and chattels which are available for the public to view. Our focus has therefore been to keep voids to a minimum, whilst driving rental growth and monitoring non-recoverable expenditure.

Buccleuch Property has asset managed the portfolio for over a decade in which time the investment strategy adopted an industrial focus which has resulted in strong capital value appreciation, low vacancy rates and rental growth to produce an attractive income yield.

£18million

value

£1.5m

contracted rent

92%

occupied

10% yield on cost

10%

yield on cost

70 tenants

70

tenants

9

properties

Asset Management Case Study 2

Mountcity Portfolio

Mountcity Portfolio image

2.165m sq ft

In 2015 Buccleuch were appointed as Asset Managers for an offshore owned portfolio comprising 13 properties located in South Yorkshire, West Midlands and Gloucester. The portfolio was established in 2003 and the main drivers for the owners are to keep voids to a minimum, drive rental levels where possible and to ensure the portfolio remains well maintained and compliant with current and emerging legislation.

Our role involves monitoring rent collection, appointing and monitoring the performance of letting agents, recommending Capital Expenditure projects where this demonstrates a benefit to the portfolio or can enhance rental income, dealing with lease expiries and dilapidations and undertaking tenant re-gear and lease renewal opportunities. We also provide Service Charge budgets each year for the multi-let properties and have close co-ordination with insurance brokers to ensure the properties are adequately insured and that any perceived risks are mitigated. Portfolio records are diligently maintained and regular reports are issued to the owners to ensure that they can track portfolio performance.

£100 million

approximate value

£8.53m

contracted rent per annum

97%

of properties are let

157 tenants 117 of which are at Thorncliffe Park, Sheffield

157 tenants

117 of which are at Thorncliffe Park, Sheffield

32% of contracted rent across the portfolio is at Thorncliffe Park, Sheffield

32%

of contracted rent across the portfolio is at Thorncliffe Park, Sheffield

Top 20 tenants across portfolio comprise 68% of the passing rent

Top 20

tenants across portfolio comprise 68% of the passing rent