GETTING MANAGEMENT
AGREEMENT READY
What is a Management Agreement?
The changing face of joint ventures and management agreements in the flexible workspace sector reflects a broader shift towards collaborative, resilient, and adaptive business models. These transformations are not just responses to changing market dynamics, but proactive strategies to navigate the future with innovation and agility.
Management agreements, or Joint Ventures, offer an important opportunity for both operators and property owners. Unlike a traditional lease, where the property owner has little to no involvement in the operation of the space, a management agreement is a partnership between flex provider and property owner. Among the benefits for property owners are more control of your tenant base, reduced void periods, better ESG credentials and better premium revenue per square foot.
Douglas Green has over 25 years’ experience in the Flex sector, and has been instrumental in the creation of more MA and non-traditional lease deals than any other independent agent in the UK, including the following recent transactions:
What is Getting Management Agreement Ready? (GMAR)
GMAR is a 3-part course delivered by industry expert Douglas Green. The course is aimed at Real Estate Owners and Operators who are interested in expanding their Flex portfolio under Management Agreements.
Douglas will share his ‘5 R’s of Management Agreements’ framework: Revenue, Responsibilities, Returns, Rewards and Relationships. He will show you how to find the right partners, negotiate the right deal and develop the right business model - saving you years of trial and error.
Course Deliverables
At the end of the course, you will have:
A defined understanding of who you are where you sit in the marketplace
Where you are most likely to find the sweet spot of location and price
A financial model that can be used for most scenarios that you will come across, that is both robust and sensitive to change
A working and logical set of template Heads of Terms that can be used to negotiate terms and instruct solicitors with the deal
How it works
If you’re looking to get into / gain a deeper understanding of Management Agreements, simply enquire by clicking the button below and we will be in touch to discuss your individual requirements and objectives.
g8 completes landmark joint venture Flex transaction at 24-28 Bloomsbury Way
g8 Consult has completed a landmark joint venture Flex transaction at 24-28 Bloomsbury Way with clients Runway East representing our second major transaction together in the busy Central London flex marketplace.
Following a major refurbishment and fit-out of the surplus offices this summer, Runway East will open its flex space at 24-28 Bloomsbury Way in London from Winter 2023.
g8 acts for BE offices in completion of ground-breaking JV
The deal will see BE Offices managing the 58,000 sq ft building on Straidorn’s behalf by way of an innovative JV management agreement. Opening in summer 2022, BE Offices are pursuing WELL Certification for the building via the International WELL Building Institute (IWBI).
g8 acts for Runway East in 20 year Management Agreement
The iconic (and newly refurbished) building is 2 minutes’ walk from Old Street station. It will provide 23,000 sq ft of flex space with all the amenities you would expect: stunning terrace, showers & changing facilities, on-site café, dedicated collaboration space and much more. I have no doubt that the building will be a huge success and understand that pre-sales are already ahead of expectations.
TRACK RECORD
Please see below some of the recent management agreement transactions we have acted on for both operators and property owners.
12/18 Theobalds Road, WC1
The Smith, Kingston Upon Thames
9 George Square, Glasgow G2