Cookie Use Notification

This site uses cookies to provide you with a more responsive and personalised service.

By using this site you agree to our use of cookies as set out in our cookie notice. Please read our cookie notice for more information on the cookies we use and how to delete or block the use of cookies.

Commercial Portfolio Review

Click to Enlarge

The Challenge

Hull City Council required Cushman & Wakefield to develop a clear strategy to protect and grow the income from its non-operational portfolio and to provide continued financial support to Council services. The portfolio comprised around 1,400 assets including retail, office and industrial properties as well as a large ground lease portfolio.

The key challenges they faced were as follows:
  • Core funding cuts impacting on all aspects of the Authority’s operations
  • Establishing how to respond to funding cuts by maximising the capital value and income generated by the commercial portfolio.

The Solution

Cushman & Wakefield’s approach to this commission included the following:
  • Inception meeting with the Council to establish key aims and objectives
  • Early engagement with NPS Humber, the Council’s managing agents
  • Financial analysis by asset type to identify key issues and themes
  • Workshops with Cushman & Wakefield’s investment and agency specialists to identify opportunities for acquisition, disposal and asset management opportunities.

The Results

The key output of this project was a report outlining our observations and recommendations to assist HCC in developing a detailed property strategy for the Commercial Portfolio. Our recommendations covered the following:
  • The approach to asset management
  • Acquisitions and disposals
  • Re-gearing ground leases
  • A four-stage plan for implementing the recommendations made.


Matthew Cliff

Matthew Cliff, Associate Director
+44 (0)113 233 7384



For more information on the service(s) provided as part of this case study, please visit the Public Sector Advisory team pages.


Browse Case Studies