JOINT VENTURES
Non-traditional leasing arrangements such as management agreements, turnover leases and joint ventures offer an important opportunity for both operators and property owners. As such, they are becoming more prevalent whilst the sector expands into better quality Grade A office stock in central business districts across the UK.
Flexible workspace is being recognised as a new sector of the property industry in its own right and is growing rapidly. It is expected to comprise some 12.5% of the UK market by 2023, with a significant annual uptake in core regional markets being recorded this year.
But how many operators and property owners have the experience and knowledge to enter into an agreement of this nature without falling foul of some of the many pitfalls?
g8 can get you Management Agreement-ready, offering advice on all aspects of the complex set of negotiations involved in JVs and Management Agreements. This includes the five Rs: Roles, Revenue, Returns, Responsibilities and Rewards. Find out more about our unique Getting Management Agreement Ready course here.
TRACK RECORD
Please see below some of the recent management agreement transactions we have acted on for both operators and property owners.