Strategic Review of CrossCountry’s Property Portfolio

SLC Property is providing consultancy services for CrossCountry Trains in the form of a strategic review of their entire leased property portfolio.

Providing consultancy services for CrossCountry Trains in the form of a strategic review of their entire leased property portfolio.

Background

SLC Property has been instructed to provide a strategic review of the property portfolio, including a review of all leases, strategy for lease renewals moving forward and advice on incorporating property matters into their general procurement procedure.

Services provided

  • A severe shortage of qualified signalling contractors meant that the entire project risked being delayed beyond what was acceptable to the council and its funding partners.
  • Advice on property matters, including lease renewals, property strategy, board report and database of leases / terms.
  • Ongoing negotiations with Network Rail and Private Landlords on negotiating terms for lease renewals.
  • Providing general property advice.
  • Providing an effective property procurement policy.

Key accomplishments

  • Analysis of lease documentation to provide a database of leases to include all pertinent terms to allow efficient management of the property portfolio.
  • Lease renewal negotiations including agreeing Heads of Terms for any upcoming lease renewals.
  • Providing a report for the Board, setting out the position of the property portfolio, including any exposures, imminent liabilities, recommendations to limit any exposures or risks, and identification of opportunities or efficiencies.
  • Conducting a review of the existing procurement policy and producing a property procurement procedure for inclusion in the existing Procurement Policy.

People involved on this project

Vicky Frankland

Property & Development Surveyor

Vicky Frankland

Property & Development Surveyor

Vicky has worked in the Estates and Property industry for over 20 years. During this time, she has continued to expand her knowledge of the sector and now specialises in Valuations and Asset Management. She is a highly organised individual who can manage the needs of many different types of stakeholders.

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