Our core expertise is in providing a solution to registered providers and developers in relation to the delivery of mixed use. An appropriate and considered strategy when delivering a commercial environment, is an essential tool in supporting communities, underpinning both sales values and sales rates and preserving the architectural integrity of the scheme.
Forty adopt a considered approach to curating the commercial environment, with high regard for shop-front and streetscape strategy as well as architectural and public realm features. Our development consultancy services allow our partners to lay the foundations of a successful mixed-use scheme, by delivering a vibrant non-residential component that becomes a fundamental driver of a sustainable new community.
Any solid commercial strategy should be underpinned by solid research and a detailed understanding of the marketplace. We specialise in providing bespoke research services to mixed-use scheme providers, replicating the kind of detailed evaluation that would be carried out for the residential element. This research can form a key part of pre-planning and site acquisition.
Registered providers are facing increasingly tough conditions in which to deliver their core product. We are pioneering work in the asset optimisation sector working with registered providers and councils to provide detailed analysis of existing assets and putting strategies in place to optimise potential portfolio value.
For social landlords, the requirements go beyond purely the financial, so any analysis must take into account operational and social implications. Our work has directly benefitted our partners by dramatically reducing vacancy rates, improving rent roll and capital values and delivering surplus sales revenues to support growth strategies.
We focus on giving straightforward advice both to Landlords and Tenants. We work with institutional, private and social landlords, as well as a broad range of established retail and restaurant tenants, from major branded multiples to the independent and entrepreneurial retail markets.
Our strong market knowledge and wealth of contacts allows us to undertake soft market testing to make sure our clients achieve the best tenant mix for their new build schemes.
Forty Group provide a comprehensive landlord service. Our clients include PLC's , large mixed-use developers providing both small and large-scale schemes, as well as private landlords.
Our Landlord advice includes:
Forty are building a strong property management division, with a team of experienced surveyors who specialise in commercial assets within mixed-use schemes, on behalf of private and social landlords.
Forty currently have £100 million of assets under management, totalling 2,000,000 ft2 of commercial property. This includes retail, offices, leisure, industrial, car parks and land bank development sites accommodating interim and meanwhile uses. The active portfolio rent roll across all managed assets is £3.2 Million per annum.
Adopting a hands-on approach, our property managers carry out regular visits and offer support to commercial tenants, particularly those that are in the start-up and entrepreneurial stages of business.
The use of industry leading property management software from Yardi ensures all property data is managed, maintained and available to our clients at any time via a dedicated online portal. We are introducing beta testing for an artificial intelligence-based property management service as part of our continuous effort to innovate and improve service quality.
As first-class problem solvers Forty can always respond quickly in matters concerning tenant, emergencies and repairs.
Working in partnership with leading sustainability consultancy Evora, we offer tailored sustainability solutions.
Since the introduction of new stricter legislation around MEES (Minimum Energy Efficiency Standards), landlords must now rigorously ensure their properties achieve an EPC within the new permitted range. For mixed-use owners, this also applies to any non-residential properties in their portfolio.
We can help landlords identify and manage the risks relating to MEES by reviewing their existing commercial property portfolios and putting in place a tailored strategy to ensure they are compliant. We use software technology SIERA© to safeguard the sustainability of the property for the future, monitoring it to ensure efficiency standards remain within the legislation.