Avison Young has landed a new real estate mandate from Coventry City Council, which will see it run a strategic review of the council’s ground lease property portfolio over three years.
The agency will analyse the 350-plus assets owned by the council on which it generates income via long-term leases for business, development and regeneration projects, looking for opportunities to “drive greater income” from the portfolio.
Avison Young singled out examples including city centre sites that could be used for regeneration, as well as assets such as the 100-acre Westwood Business Park.
Carl Potter, Avison Young’s principal and managing director for the Midlands, said: “We will be able to take a long-term view, not only identifying regearing and new tenure opportunities, but also opportunities where Coventry City Council can play a more active role in projects and assets in the future.”
Coventry commercial property market at a glance >>
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