Skypark, Glasgow
We were appointed to oversee this complex in 2002 when it was valued at £34.6million. Asset management initiatives followed whereby the complex was repositioned in the market. This involved numerous negotiated tenant surrenders and significant refurbishments to increase office rental from £8 to £16 per sq ft. The complex sold in December 2006 for £89 million. Property Skypark, Glasgow
Client
Alllied London Properties
Contact Value
£89 million (2006)
Tenants
103 plus 698 car parking licences
Uses
Industrial, Retail, Call Centre, Office Fast Food
Rent collection rate
97% within 7 days of the due date
Service charge budget
£930,000 pa
Arrears on rent roll
2%