Cluttons has been advising clients on commercial and residential mixed use properties for over two hundred years. With pressure on land supply, and government focus on sustainable development and meeting the UK’s housing needs, mixed use is increasingly prevalent.

Our mixed use team is dedicated to this fascinating sector and well placed to assist our clients in the challenges that arise from investing and developing in this market. Our experience has shown that every mixed use property is different and clients’ requirements vary as a result. We offer a highly flexible, tailored service to meet our client requirements.

Strategic advice

Cluttons provides strategic advice to clients investing, or wishing to invest, in mixed use property but who run fund management in-house. Many of our clients have benefited from the added value opportunities that have arisen from our strategic advice. Our success in providing this advice is based upon our ability to call on the broad spectrum of services that our mixed use team offers.

Investment analysis

Mixed use investment analysis anticipates market movements, cash flows and returns. Mixed use properties require such analyses to be undertaken in more than one market. Cluttons has research-backed market knowledge, analytical techniques and software at its disposal to provide clients with the decision-making tools they need to maximise value.

Fund management

The creation of robust property portfolios that provide appropriate, risk adjusted returns and maximise the potential of existing assets is central to fund management. We are engaged in building-up and restructuring mixed use investment portfolios for our clients.

Portfolio asset management

The legislation affecting the various uses within a development is constantly changing and the effective management of mixed use properties requires a detailed understanding of how various tenures operate. Our specialists continually seek ways in which to exploit opportunities that arise from such changes. We monitor the progress of relevant legislation at an early stage, seeking to influence it for the benefit of our clients, wherever possible, and to advise on efficient compliance.

Research

Cluttons undertakes a range of research covering all property sectors typically involved in mixed use schemes. We continually monitor and analyse current and past performance of office, retail and residential property across a variety of locations. In addition, we track the economy, business activity and demographic trends. We combine our analyses and market knowledge with various economic and property forecast partners to generate well-considered property forecasts covering the office, retail and residential property sectors. Such analyses and forecasts can be broad in nature or tailored to the specific needs of our clients.

Planning and regeneration

Planning is an integral part of the mixed use property process. The planning and regeneration specialists appraise development opportunities, advise on strategies to maximise value, and secure consents and allocations for development.
Key services include:
• planning, development appraisals and pre-application advice
• viability assessments, urban capacity studies and regeneration
• planning applications, conservation area, and Listed building consents and appeals
• public consultation and public relations
• representations to development plans and strategic planning
• planning and development briefs

Secured lending and portfolio valuations

Cluttons is one of the few firms in the UK that can value mixed use buildings regardless of the tenure mix and size of holding. Working closely with a number of national companies, institutional clients, private banks, domestic and international government departments, on-shore and off-shore trusts, and private individuals, we have an exceptional track record of performance based on solid expertise.

Projects and building consultancy

Cluttons provides a full range of building consultancy services tailored specifically for mixed use properties, including:
• project co-ordination and construction monitoring
• implementing repairs and external redecoration projects, alterations and major refurbishments
• feasibility studies
• architectural design and structural engineering advice
• advice on party wall matters, dilapidations, defects analysis and the CDM regulations

Agency

A full range of commercial and residential agency services are available to clients, including:
• investment and development agency
• acquisitions
• sales and lettings
In addition, our agency teams provide our clients, and other members of the mixed use team, with detailed market knowledge to enhance investment performance.

Landlord and tenant

The professional services team provides in-depth and comprehensive advice, covering all sectors of the mixed use market. All our surveyors have a detailed understanding of the relevant legislation and case law, and we have expertise in a broad range of specialist sub-sectors within the commercial and residential fields.
Key services include:
• lease renewals and rent reviews
• arbitration and independent expert referral
• expert witnesses, licence agreements, capital gains tax and compulsory purchase
• rating

Private finance

Our experienced and professional mortgage consultants advise on, and arrange, high value property loans tailored to suit our clients’ financial and personal circumstances. The combination of our reputation in the market and established relationships with lenders enables us to source the most competitive and flexible mortgages, some of which are available on exclusive terms. We offer a personalised and distinguished service, with competitive rates and flexible terms to ensure financing your property is problem free.

Enfranchisement

As market leaders in the provision of enfranchisement advice to landlords, we have considerable expertise in this complex area of legislation which allows certain residential lessees to compel a landlord to grant them a lease extension or sell them the freehold. We ensure that when an enfranchisement notice is served, the maximum premium is extracted.

In addition, we advise on how to avoid a mixed use building becoming enfranchised and whether a property which is to be acquired, or is proposed to be developed, will be an enfranchiseable one. For many investors avoiding enfranchisement can be an essential requirement.

Residential block management and service charge consultancy

The legislation and regulations governing the management of residential properties can be a minefield. Our specialists possess the knowledge and skill to plot routes around the difficulties that can arise. Clients have previously asked for advice on the best way to appoint residential block managers or how service charge provisions within a mixed use development should be constructed. In addition, the team will highlight at an early stage of the development process potential management pitfalls that may arise in a new build scheme which avoids costly mistakes for our clients, particularly for properties which are held as long term investments.

Niche residential markets

The specialist residential consultancy team provides advice on affordable housing, student accommodation, retirement homes and key worker housing. Our relationships with lenders, housing associations and developers are predominantly agency and valuation based.
We also offer advice on a number of specialist matters, including:
• value implications on negotiations of Section 106 agreements and other planning considerations
• sales and purchases of land and housing for private and affordable use • value implications on tenure obligations
• associated letting and investment markets, and housing requirements
• affordable housing provisions in mixed use developments
• homebuyer and intermediate affordable rented housing opportunities
• property financial considerations

View case studies

 

Andrew Stanford
T: 020 7647 7421
andrew.stanford@cluttons.com

Malcolm Chumbley
T: 020 7647 7143
malcolm.chumbley@cluttons.com

 

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