Here’s a great example: We have a client who has owned their asset for over 25 years, and we have been managing it for them for less than 2 of those years. They have used the robust cash flow to fund their mission for all these years, and have not put much money back into the property to properly maintain it and keep it competitive in the marketplace. Our client is now at the point where most of the building systems need to be replaced, the common areas need an overhaul, and oh, their two largest tenants are moving out within the next two years to brand new, more efficient buildings.
So, what now? Our client turned to Cushman & Wakefield to offer solutions; they ultimately decided to seek an equity partner to fund the capital needs while the building is repositioned. Valuations, Capital Markets, Agency Leasing, Project Management and Asset Services will all come into play to help our client in meeting their key business objectives. |