Corporate lettings business brings in higher rents

Sequence’s Corporate Lettings business recorded a 21% increase in rent from its corporate property portfolios in the first six months of this year.

The firm attributes the rise to micro management of its clients’ portfolios, including a greater focus on rent collection and arrears management, and disposing of lower yielding assets on behalf of clients.
 
Rupert Atkinson, director for Sequence Corporate Lettings, said: “We work with a number of organisations including lenders, insolvency practitioners, LPA receivers and institutional investors to help them get the most out of their property portfolios, whether these are large volumes of repossessed or distressed stock for lenders or buy-to-let portfolios on behalf of investors.

 “We give clients a clearer view of their portfolio and then take responsibility for managing it and maximising yields.”
 
Sequence says there has been growing demand for the services provided by its Corporate Lettings division as organisations have become forced to manage increasingly larger property portfolios.

The division recently announced its decision to expand the business into Scotland following a high level of demand from corporate clients there.