Midlands commercial property asset managers, Shepherd Commercial has taken on the management of a 34,779 sq ft industrial estate near Redditch, with its new facilities management team already at work on site.
Birmingham and Solihull based commercial asset managers Shepherd Commercial has taken on management of The Portway Estate, on the Alcester Road in Portway.
The estate is home to 15 tenants, mainly in industrial units, with a small number of residential flats above a former car showroom.
Two units are vacant and are being marketed to let through Shepherd Commercial’s agency team, including the former showroom, which offers 5,870 sq ft at £38,000 per annum.
Both units are attracting strong attention from local enterprises, with commercial agency surveyor Charlie Boswell saying: “We’ve seen strong interest in both units, reflecting continued demand from local businesses for well-located commercial premises.”
The firm’s facilities management team, led by Head of Facilities Management Mark Young, has carried out a full refurbishment of the former showroom and is installing a second toilet block for tenants across the site.
The team has also been instructed to manage Unit 1, The Courtyard, a 3,000 sq ft unit on Roman Way in Coleshill.
Shepherd Commercial launched its facilities management division in October to provide same-day reactive maintenance across a portfolio of more than 500 assets, after its property management arm recorded more than 30% compound annual growth for five years running.
Kaine Arkinson, Managing Director at Shepherd Commercial, said: “The Portway Estate is exactly the kind of site we want to be looking after, with a good mix of occupiers and space that lets quickly when it is presented well.
“Bringing facilities management in house is already proving a worthwhile investment for our growth, and Mark and the team have a lot of work underway on sites right across the Midlands.
“Having agency, management and maintenance under one roof means landlords have one team looking after the long-term value of their asset, from filling vacant units to keeping existing occupiers happy.”
Mark Young, Head of Facilities Management at Shepherd Commercial, said: “The unit needed a full refresh before it could be re-let, so it was great to support this project so early on after launching our facilities management division.
“Every site is different, from a multi-let estate like Portway to a single unit in Coleshill, but the aim is the same, to respond quickly and keep buildings in good shape for the businesses using them.”
