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Lettings

Proven track record in achieving maximum rents and the most suitable tenants across all scales of rentals from single units to large scale portfolios.

Lettings

Case Study

Client – Deloitte /NAMA
Our role – Property Management & Lettings

Description – Tallaght Cross West – 507 Apartments.

  • liaison on Construction and defect rectification
  • Estate Management Documentation and Operational Remediation
  • Developer Handover & Snagging
  • Rebranding & Marketing program
  • Apartment Fit Out program – €3.5m
  • Lettings – 500 Apartments
  • Tenant Mobilisation program
  • 100% occupancy & OMRV achieved at c20 Apartments p.w.
  • Rent Stabilisation €7.9m achieved in 6 months
  • Landlord Investment Sale €97m

Date of engagement – 2015

Case Study

Client – Marathon Asset Management LP
Our role – Property Management & Lettings

Description – – 128 Apartments – Burnell Green & Burnell Court

  • Distressed Asset Remediation, OMRV Rent Stabilisation – 12-month timetable
  • Asset by Asset Conditional Surveys
  • Apartment refurbishments & fit-outs – €275k Capex
  • Lettings, Lease Formalisations, Rent reviews €1.45m to OMRV
  • OMC operational Audit (H&S and Environmental)
  • Building Investment Fund (BIF) Analysis Report
  • Year 1 target rent achieved € 1.82m – 25% increase
  • Annualised Rent Roll €2.1m+

Date of engagement 2014

Case Study

Client – Marathon Asset Management LP
Our role – Property Management & Lettings

Description –. 91 apartments & 3 Coms – Richmond Gardens Fairview

  • Distressed Asset Remediation, OMRV Rent stabilisation – 13-month timetable
  • Strategy Plan for operational compliance & to achieve OMRV
  • Refurbishments – CBA Analysis & Capex €128K – Tenants in situ
  • Latent defeats – fire stopping works – Project Managed
  • Planning and conversion of 3 commercial units to 6 apartments
  • Lettings – Passing Rent €1.18m Reviewed to OMRV
  • OMC Estate Management Audit– Budget €128K
  • Year 1 target rent achieved € 1.34m – 12% increase
  • Annualised Rent Roll €1.8m

Date of engagement 2015

Case Study

Client – Marathon Asset Management LP
Our role – Property Management & Lettings

Description – 101 Apartments – Beachwood Court Stillorgan

  • Distressed Asset Remediation & OMRV Rent Stabilisation – 11-month timeframe
  • Conditional Surveys & Strategy to achieve Compliance & OMRV
  • Apartment Refurbishments – €200k Capex – Tenants in situ
  • Lettings, Lease Formalisation, Rent Reviews to OMRV
  • OMC Audit incl H&S and Environmental – Budget €475K
  • Latent defects – water ingress/ balconies – Resolution Project Managed
  • Year 1 target rent achieved €1.71m – 20% Increase
  • Annualised Rent Roll €2.1m+

Date of engagement 2014

Silverstone House
Ballymoss Road
Sandyford
Dublin 18
D18 A7K7
Ireland

Tel +353 1 660 3822
Fax +353 1 660 7863
Email enquiries@odrem.ie

PSRA 001885