Paratus AMC Limited
Mapeley Estates provided key asset management advice to Paratus AMC Limited (formally GMAC RFC Limited) on the cost mitigation of their 96,941 sq ft Grade A office building in Bracknell.
Built in March 2008, 5 Arlington Square, Bracknell comprises Grade A office space and a Data Centre. Paratus were faced with a significant void headlease costs on the vacant floors.
Mapeley won an asset management contract with Paratus to mitigate void property exposure. Mapeley successfully achieved a significant reduction in liability through proactive Asset Management in sourcing and completing numerous sub lettings, a rates mitigation programme and reducing service charge costs.
By taking control, acting as client, Mapeley instructed and managed leasing agents and rates mitigation for our client.