Since beginning work for Croydon Council in 2009, we have secured an increase in value of over 50% across the London Borough of Croydon Telecoms Portfolio through a total of 47 rent reviews, lease renewals or new lettings carried out on behalf of the council.
The London Borough of Croydon Telecoms Portfolio consists of 23 sites, many of which have various different rental or lease agreements in place due to hosting multiple networks at the same site.
The reviews were carried out in two main batches. The first incorporated all reviews between 2006 and 2009 and yielded an uplift in rent of 22% from the rent at the date of instruction.
The second review covered the period from 2009 to 2012 and resulted in an uplift of 35% from the original rent.
Total of 51% increase in value secured
These reviews, combined with many subsequent lease renewals which have taken place over the last 12 months and two new lettings on Croydon Council buildings, total a 51% increase in value across the overall estate since 2009.
Substantial uplift in rent secures maximum value for council
Our ability to provide evidence and negotiate with the operators’ external agents has led to a substantial uplift in rent resulting in increased income and maximising value for the council.