Regeneration and Asset Revival
‘Houston, we have a problem…’ is the much-understood cliché for every manager facing a daunting challenge. Lucky is the leader who knows exactly what the problem (or opportunity!) is and the precise course of action to solve it, because often problems are like icebergs – the obvious symptoms are but a fraction of the total.
“I wish I knew what I don’t know” and “No time” are other managerial headaches. The daily grind of management frequently obscures the vision for initiatives; habit, convention and unavoidable myopia makes it so much more difficult for even the most able minds to ‘see an asset with new eyes’ and thus begin the process of change for the better.
Asset managers (and potential developers) of retail, leisure, residential and office properties confronted with any such situation are particularly challenged. To get to the crux of the matter, whom should they call for independent and holistic advice? Architect? Leasing agent? Advertising agency? Market researcher? Project manager?
Engaging the help of one multi-skilled team to assess all potential scenarios has to be the sensible way to avoid premature commitments as well as saving time and money during the first phase of a revival project aimed at optimizing the performance of:
- Shopping centres, retail and leisure destinations
- City-centre regeneration and city infill sites
- Bid and tender competitions
- ‘Change of use’ real estate projects
- Urban business, education and incubator clusters