Commercial asset management advisers in Yorkshire, the North of England, and the Midlands

Owning commercial property is only part of the equation. What happens after completion, the decisions made around leases, tenants, voids, capital expenditure and repositioning, is what ultimately determines whether an asset delivers on its potential or underperforms for years.

We provide hands-on asset management for private investors, family offices and property companies across Yorkshire, the North of England and the Midlands. Our approach is built on direct experience managing assets for some of the UK's largest institutional landlords, applied with the focus and flexibility that private investors need. Every instruction is led by a director, not delegated.

Strategic asset management for commercial property

Asset management is often confused with property management. They are not the same thing. Property management deals with the day-to-day: collecting rent, arranging repairs, dealing with service charges and tenant queries. It is fundamentally important, but largely reactive.

Asset management sits above that. It is about building a clear, strategic business plan for each asset, identifying the actions that will increase income and capital value, and executing them over the holding period. A well-managed industrial estate or office building does not simply tick along. Its leases are structured to protect income and capture rental growth. Potential voids are addressed before they become a drag on performance and returns. Capital is deployed where it will generate a measurable uplift, not spent on maintenance alone.

What our asset management service covers

Lease management is at the heart of what we do. We handle rent reviews (whether upward only, open market or indexed), early lease renewals, break option strategy and regear negotiations. Getting these right is where much of the added value in commercial property is created or lost. A poorly timed regear or a missed rent review can cost an investor years of income growth.

On the tenant side, we assess covenant strength, monitor trading performance and manage relationships proactively. Where a tenant is struggling, we work to find solutions that protect your income. Where a tenant is performing well, we look for opportunities to extend the relationship on terms that benefit the asset's long-term position.

How our active management creates returns

The difference between a passively held asset and an actively managed one compounds over time. Consider a multi-let industrial estate with three units, one occupied on a 3 year lease with a break, one on a short lease and one vacant. Left alone, the occupied units will eventually reach lease expiry or break without any improvement to terms, and the void will persist, dragging on income and depressing the asset's investment value.

Under active management, the approach is different. The occupied leases are being reviewed and the tenants engaged with well ahead of expiry: can rents be brought closer to market rates? Is there scope to extend the lease and remove break options in exchange for a modest incentive? On the void unit, is the specification right for the current market, or does a modest refurbishment open up a wider pool of occupiers at a higher rent? What does the business plan look like over three to five years, and how does each action affect income, yield and capital value?

Edgar Seligman MRICS

Commercial Director

Edgar has spent his entire career working in the commercial property sector, specialising in investment and asset management. He has worked with a wide variety of clients including banks, property companies, institutional and private investors across multiple sectors including offices, retail, hotels, roadside, industrial and distribution in the UK and across Europe since 2005.

Tel: +44 7879 634654
Email: edgar@tppguk.com

Where we operate

Based in North Yorkshire and active across the North of England and Midlands, we support clients wherever property and land advice is needed, including:

• Leeds
• York
• Sheffield
• Doncaster
• Darlington
• Teesside
• Newcastle
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