New Park In Administration, Various
Service: Asset and Development Management
Client: RSM Tenon
ColdSpring were appointed by the Administrator, RSM Tenon, to actively manage the diverse portfolio of Assets, establish a Business Plan and ultimately sell the properties at the optimum time. The portfolio is geographically spread from Edinburgh to Forss in the north of Scotland and presents various challenges as the portfolio was previously managed in-house with little property expertise. ColdSpring have established stringent accounting procedures, reviewed the service charge budgets and aligned these with Planned Preventative Maintenance Schedules.
As the assets are tertiary with Limited Investor Demand a pro-active Asset Management approach has been adopted in order to improve marketability wherever possible.
