United Arab Emirates

Managing a UK commercial property portfolio from the UAE

Property rewards attention, and it punishes neglect slowly enough that most owners don’t notice until it’s expensive.

What does UK property asset management cover?

UAE overview

Everything that keeps a building earning. We manage occupational leases, rent reviews, breaks and dilapidations, collect rent, service charges and insurance, chase arrears, oversee facilities and building insurance, advise on planning and handle the accounting, including service charge reconciliation, VAT and income distribution to the family.

How do you look after an owner who lives overseas?

Our Directors are your main contacts, and behind them the Maritime HQ team in Richmond knows your buildings in detail. We handle tenants, agents and contractors on the ground in the UK and report back to you, so the family stays informed on every decision that matters without managing the day-to-day.

Do you manage UK shopping centres?

Yes, and it’s one of our specialisms. Castle Quarter in Norwich is a city centre retail and leisure scheme producing around £2.6m of net operating income. Our clients acquired both its debt and its owning company through a receivership sale, which meant resolving a UK and offshore ownership structure before the centre could be brought under active management.

Track record

What difference does active management make?

When we bought 110 Golden Lane in London in 2021, it was 50% let across six floors. We agreed longer leases at lower terms to cut voids, and invested £750,000 carefully on the reception, common areas and exterior. It’s now fully let on 10-year leases, producing £879k a year with RPI increases.

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What active management adds

Our track record

Two assets where hands-on management changed the income, the occupancy and the value.

Related services

Speak to our team

Most of the value we add comes from parts of a building others stopped looking at.

Ask one of our Directors how we’d manage your UK portfolio at max@maritimecapital.co.uk or +44 (0)20 3576 5097.