An Introduction to Aspire Property Group

An Introduction to Aspire Property Group

Aspire Property Group is a leading property firm specialising in ensuring that tenants maximise value from their workplace through reducing property costs and improving how efficiently they use their office and retail space.

The team at Aspire is approachable and has proven expertise to generate significant value for all size companies, ranging from clients that occupy a single office premises to SMEs with a vast portfolio of office and retail units.

Aspire will create bespoke strategies for each of their clients while typically working on a basis of ‘no savings, no fee’ as a transparent remuneration model that is incentive based for their clients.

The services they provide include:

  • Advice on the property market
  • Increasing workspace efficiency
  • Lease negotiation for new or existing premises
  • Rent review representation to minimise risk and costs
  • Acquisition / Relocation for clients that are downsizing or expanding
  • Dilapidations
  • Space Planning, Project Management and Fit Out

Aspire will act as your ‘in house’ property team and give you impartial marked advice and new opportunities across a wide range of commercial property services.

For example, if you are considering relocating your company to a new office there are a numerous factors that must be considered, including:

  • How much space do you actually need (not how much you think you need). Size matters. It’s worth getting advice or using our space calculator to avoid underestimating the square footage of new office premises, or to the contrary, to commit to paying rent on too large a property.
  • Length of lease term. The average new lease term is 7.2 years (4 years for office space), but how does this fit in with your growth plans? Advice should be sought if you’re headcount or investment streams isn’t certain, bearing in mind how and when to structure break clauses, rent reviews and, in addition, your incentive package which will decrease how much rent you pay over the duration of the lease term (the net effective rent).
  • Location. Every company has an idea of the ideal location, but often without awareness of the market rents in those areas of London or other cities in the UK. The costs prove time and again to be a game changer which can result in considering properties in other areas that still have excellent transport links and accessibility.
  • Clauses. In the current property market, it is imperative that companies seek professional advice and to be represented when it comes to negotiating new lease (and for lease renewals). There are multiple clauses that need to be considered by the tenant to protect their long term interest in the property and to minimise risk, such as assignments, break clauses and exit costs including dilapidations.

Clearly there’s plenty to consider when developing a property strategy no matter if your preference is to stay and renew the lease or to relocate. It’s important to be aware of the lifecycle of the lease at all times to ensure that you minimise risk and increase value from your office or retail space.

No matter your size company, professional advice and representation will guarantee you significant value, as you will start to realise upon your initial consultation with Aspire Property Group.

Start by calling Aspire on 020 3627 2555 or use their ‘Find me an office’ tool here or ‘Office space calculator’ here.

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