Knight Frank’s Management Consultancy team advise clients on the management strategy for their residential and mixed use developments in order to fulfil resident expectations, provide an appropriate level of Landlord services, ensure cost effectiveness and ensure subsequent full recovery of these expenses from leaseholders.
There are many elements to successful block management and our broad ranging consultancy services are designed to help clients run and maintain their residential and mixed use developments. We are often engaged early in the design process and prior to marketing to ensure our clients’ developments are effectively structured from the outset.
We are able to provide advice on appropriate management structures for the development, and guidance on staffing strategy including concierge staff, management and back of house support. Where top end amenities and leisure facilities exist, we can assist in advising strategies to ensure quality upkeep and care. From service charge budget estimates to ensure full recovery of costs, to regular lease reviews, to operational advice on cleaning, waste management and Health and Safety, our aim is to maximise returns on clients' property.
The mobilisation process implements the advice provided in the consultancy stage with the Landlord’s vision and resident expectations, with the ultimate goal of ensuring the development is ready for occupation on the day of practical completion.
We are able to produce set up budgets, recruit and train initial staff, procure specialists and consultants where needed (i.e. M&E or leisure suite management), set-up accounting systems and help agree move-in protocols. Please contact our team for a full list of services and to discuss your development’s needs.
David Forsdyke, our Later Life Finance expert, talks about the growing range of options designed specifically for older landlords, and how they can make a difference in ways you might not expect
Results for the year ended 31 March 2019
• Group turnover down 2% to £517.4m (2018: £525.9m)
• Group profit before tax down 11% to £148.4m (2018: £166.7m)
• Strong balance sheet with net assets at £260.8m (2018: £262.9m)
With the launch of the Autumn/Winter 2019 edition of our London new homes collection, we take a look at a selection of the City's most transformative developments