These remarks name a plate, a sitting, or a constraint. They are not star ratings.
They redrew our WALE so the break options sat in the short band. The chair stopped asking why the ‘average term’ felt safer than the conversations we were having with one logistics occupier.
The like-for-like plate finally matched the lots I keep in the ledger. I still think they could have warned us earlier that our March disposal would force a full reprint of the mix pies, but the second pack was clean.
I can read a rent roll. What I needed was the estate map with copper marks on the units that carried too much of the park’s rent. We walked the yard the next week with that print in hand.
The acquisition plates for the Newark shortlist were ready before our paper deadline. They left the missing service-charge years labelled as missing, which annoyed the vendor’s agent and saved us an argument in the room.
Corby park, forty-two units
An industrial mandate needed the committee to see that three covenants carried most of the passing rent. The managing agent’s plan numbered mezzanines as extra units; the rent roll did not. Callum redrew the outlines to follow the rent roll and marked concentration with copper ticks at a fifteen per cent threshold agreed in the sitting.
The pack went to committee with a caveats page stating that two units were in solicitors’ hands. The manager walked the yard the following week with the A1 in the van. We later heard the chair asked fewer questions about ‘average unexpired term’ and more about the three names.
High-street lots and a March disposal
A mixed mandate sold a weak parade in March and arrived expecting the income line to look healthier. The first draft still mixed stock change with like-for-like. James, the fund accountant, caught it. We split the plates and reprinted the mix pies. The delay was ours as much as theirs: we should have asked, at the sitting, which lots would be gone before the quarter-end extract.
The second pack was the one they tabled. The mild complaint in his note on this page is fair.
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