Don't Get Taken for a Ride
Category Market News
As a tenant, sourcing and securing new premises can be challenging. The same is true for renegotiating and renewing existing agreements with landlords. Often, what's needed is an experienced party to help level the playing field between tenant and landlord, which is exactly what Swindon's advisory service offers.
Swindon's tenant advisory services encompasses all facets of the property cycle, from identifying new operating locations to conducting rent reviews and lease audits on existing properties.
Any company leasing premises that would prefer to have a property professional in their corner would benefit from an advisory service, which replaces the function of an in-house property division, to provide a service dedicated to their best interests.
Swindon offers an effective combination of technical expertise and local market knowledge. This enables them to provide advice and negotiation support on rental value and business strategy, review billings and current market rates, manage lease renewals, facilitate rental reduction negotiations, and review current premises for efficiency. This comprehensive service is ideally suited to companies with multiple leases in place, those looking to roll out additional sites or to downsize, or businesses sourcing new premises.
"We are seeing significant interest from companies that have concerns about their existing lease terms and how they compare in the current economic climate," says Andrew Dewey, Managing Director at Swindon Property. "Our services are designed to reduce costs, mitigate risk and improve workspace efficiency. Most importantly, we take each client's unique needs and goals into account - which means we're able to provide tenants with the right occupancy solution to align their property needs with their business strategy, financial goals and operational objectives. It's absolutely critical to bear all these factors in mind and that's what this service enables us to do."
Swindon evaluates its clients' businesses to ensure that their property is more than just a workspace. "It must be an asset that not only houses operations, but also attracts and retains top talent, promotes creativity and collaboration, and supports the company mission and brand," Dewey adds. Swindon's strategic advisory and transaction services are available across all property types and include:
- Lease advice, including acquisition, disposition and subleasing
- Lease agreement and management, including negotiations, renewal, administration,
- payments and market rental audits
- Facilities and maintenance management
- Workspace enablement
Traditionally, broker fees are earned and paid for by the landlord on signature of lease with the tenant. However, Swindon's fees are earned from the tenant on an ad hoc or contractual retainer basis. This guarantees that their tenant representation teams are performing in the sole interest of the tenant with concentrated focus on their leasing needs.
"Leasing the right space in the right location can totally transform your business," says Dewey. "It can advance your brand, streamline your operations and make a substantial impact on your bottom line. A lease signifies a significant commitment of time and financial resources."
Our services ensure that your lease is as cost-effective as possible, while offering your business the ideal space from which to flourish and grow. For a confidential discussion, call Andrew Dewey on +27 21 422 0778 or client advisory head, Hugh Hardy on +27 11 268 6315.
Swindon is a leading full-service commercial property organisation in South Africa. We offer a range of integrated services supported by our national teams with representation in all major provinces.
Our main focus includes client advisory and representation services for owners and tenants - with specialised emphasis on leasing, acquisition, sales, valuations and management of property across commercial, retail and industrial industries. Our experienced team of experts develop bespoke, comprehensive strategies to create value across all commercial real estate classes.
Author: Debby Querido