Butterly Business Park
Case study – Mixed Use Commercial - Butterly Business Park
Butterly Business Park is a mixed use commercial investment of approximately 150,000 sq.ft. It is located within the north Dublin suburb of Artane in Dublin 5. Wilson Wright were instructed in mid 2012 on behalf of the receiver to asset manage the entire investment portfolio which comprises of over 30 individual tenancies.
Occupiers within the portfolio include office, retail, discount food retail, petrol filling station and enterprise/industrial. Wilson Wright oversee the management of each of the occupiers, the facilities management company, deal with lease renewals of existing tenancies, formalise and see through all new lease agreements and continue to maximise asset value on behalf of the appointed receiver.
Tenant Retention / Lease Negotiation
150,000 sq.ft. of ongoing mixed use commercial retail, office and industrial short and long term lease transactions.
Lease negotiations and restructuring of both new and existing leases.
Ensuring continuity of existing income and the development of additional income.
Continual growth of existing income through the creation of new letting. On average, on new letting each quarter.
Managing tenants and facilities and property management teams in designing and implementing annual service charge budgets.
Management Accounts and Reporting
Quarterly reporting to Receiver and Funding Institution.
Ensuring that the campus is insured at relevant reinstatement levels.