Thursday 2 September 2010
Property Management of Victoria Place
Victoria Place is one of 4 centres managed by Lambert Smith Hampton on behalf of Metro Shopping Fund LP, a joint venture between Delancey and Land Securities.Client:
Metro Shopping Fund LPProject background:
- Victoria Place is an extremely busy shopping centre situated above Victoria main line station and in close proximity to Victoria coach station.
- It is an air conditioned, covered centre comprising of approximately 60,000 square feet of lettable space.
- The anchor tenants within the centre are McDonalds, KFC, Books Etc., Next, Boots and Sainsbury’s.
Client benefits:
- Lambert Smith Hampton has been actively working on maximising rental income in a variety of ways, such as organising temporary lettings in the mall area.
- Regular reviews of the service charge levels are undertaken in an attempt to minimise costs for tenants.
- Advice and assistance has been given on various asset management initiatives for review by our client.
- Regular health and safety reviews of all aspects of the centre are carried out and the necessary measures implemented.
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