Asset & portfolio management
The work doesn't finish at practical completion.
A refurbishment creates value once. Managing the asset properly is what stops that value leaking away over the following decade.
Our long-term objective
Five commitments for every completed asset.
Written as an objective because that is what it currently is — the business is early stage and does not yet manage a completed portfolio.
- High-quality accommodation
- Maintaining the standard the refurbishment created, rather than allowing it to erode over the following decade.
- Excellent tenant experiences
- Responsive management and a home that is genuinely comfortable to live in. Efficient homes tend to produce longer tenancies, and long tenancies are the whole point.
- Protected long-term value
- Planned rather than reactive maintenance. Deferred maintenance is simply a larger bill with interest attached.
- Regulatory compliance
- Gas and electrical safety, EPC currency, licensing where it applies, and the record-keeping that proves all three.
- Sustainable management practices
- Monitoring how a property actually performs in use against what the retrofit modelled, so a gap is investigated rather than assumed away.
Reporting
What an investor receives.
Reporting exists so that nobody has to ask how a project is going. Each report covers progress against programme, spend against budget, the current letting or sale position, and — once works complete — measured performance against what was modelled.
The reporting cycle is agreed at the outset of each project rather than left to whoever asks first. A delay reported late is a much larger problem than a delay.
The holding case
Efficient stock is simply easier to own.
Lower voids
Warm, cheap-to-run homes are easier to let and easier to keep let.
Better retention
Tenants who can afford to heat a property tend to stay in it, and treat it better.
Lower running costs
Efficient fabric reduces the maintenance that damp and cold otherwise generate.
Less regulatory exposure
Stock that already exceeds the current minimum standard is insulated from the direction of travel.