Archive for January, 2024

10 Ways to Boost Your SME Property Consultancy Profits in 2024

Posted on: January 22nd, 2024 by Jason Antill

2023 Was A Better Than Expected Financial Year For PRE!!

Not bad with reported UK commercial property take up being slow, high interest rates & inflation, supply of suitable space remaining limited, a risk of a recession and week GDP growth with economic downturn, not forgetting transport and trade union strikes…. HERE’S HOW 

 

  1. Quick recap: although we were slightly lower on our revenue we increased our profit from last year! We did over 200 surveys of more than 8 million sq ft from a mixture of commercial sectors although largely % industrial. Pretty good, when commercial property transactions are down with secondary locations and assets suffering…tenants rising bias to prime?!

     

  2. We were laser-focused on our target clients! PropCos, Asset Managers and collaborating with other consultants where best suited (also don’t forget it goes both ways), however not discounting the larger institutions. We made sure and reinforced clients about being multi-disciplinary able to include not only offering Measured & Sustainability but also Building and Project Management!  Which gave clients a one stop shop. We had the pleasure of working with the likes of some great clients, you all know who you are, big high five and thank you!

     

  3. We eliminated nonessential processes! but kept high quality output and service to clients.  Getting feedback from clients and the PRE team highlighted how we could be better and more efficiently.  Moving the head offices from South London to Central London Soho, we can be closer to projects and clients.  Transport links around outer London, M25 and the southeast.

     

  4. Do a great job! Each project has its challenges.  Being able to do more than one service line for the same project saves the client on cost and time.​ 80% of our clients are repeat customers or come through word of mouth as recommendations.

     

  5. We built our own tech from scratch! We sat down with a tech company who helped build surveying software tools to drive huge efficiencies across PRE surveyors workflow…. meaning our survey team save 20-30% on projects as before and leverage it to scale up.  We built an APP too!

     

  6. The PRE Team! Are our bricks and mortar to the company and clients.  A good culture is always important to us.  Trying to get the right balance isn’t easy.  Although from the start we have always embraced flexible working hours and remote working, in 2023 made a decision to move to a better location, nicer offices with breakout areas decent coffee machine, being together as a team has made a huge difference.

     

  7. Conduct extensive training.  Having taken on apprentices who spend one day a week on their course, this brings in new ideas and relevant CPD for the company to also learn. We’re hiring for a few new roles. Do contact me and perhaps catch a coffee in Soho.

     

  8. Our outlook and plans for 2024.  This year we are excited to be celebrating 15 successful years in business having founded the company in 2009 producing commercial EPC’s we now have 24 services.  Watch this space for celebrations…..We plan to expand cross sell all service lines to help existing and new clients,  Measured, Building, Project & Sustainability however still keep our core values, competitively priced, offering a high end delivery with repeat business relationships.

     

  9. Sponsorship and Charity. We are again one the main PropSail sponsors on 6th June 2024, this year will be its 5thsuccessful year, with Roxburgh Asset Management and SLR Consultants also being main sponsors.  Watch this space for other property club events we plan to sponsor.  If you have any other ideas and need help or sponsorship please do get in touch. Charities include Story of Christmas, Ellen MacArthur Cancer Trust and James’ Place to name a few.  Do take a look at their websites.

     

  10. What’s the Future for UK Commercial Property.  Being at the coalface and UK nationwide, we found in 2023 the months very unpredictable.  Several UK property consultant research teams are showing 2023 investment volumes by sector at their lowest.  Will the general election be in May, November or Christmas and what affect will this for in store for 2024?  Plus elections globally this year will see 64 countries (plus the EU) approx. 49% of people in the world.  However we are optimistic and believe that this is now the year for opportunities and growth.

     

Good luck for 2024, Thank you for all the support in 2023 and excited to work together over the next exciting 12 months!!

Do get in touch for a catch up or coffee.

JASON ANTILL MRICS
Founder & Managing Director

Palladium House | An architectural slice of the Big Apple in London’s Soho

Posted on: January 7th, 2024 by Jason Antill

Palladium House, formerly known as Ideal House, is a grade II listed Art Deco office building located on the corner of Great Marlborough Street and Argyll Street in London.  1-4 Argyll Street, London W1F 7LD

The history behind the Art Deco building on the corner of Great Marlborough Street and Argyll Street.

The building was designed in by architects Raymond Hood and Gordon Jeeves in the art deco style as the London headquarters of the National Radiator Company (European subsidiary of the American Radiator Company). Its design was a scaled down version of the American Radiator Building, New York.

Built 1928–9, the building is a seven-storey office block, with black granite facing decorated with an inlaid champlevé design with Egyptian influences. The building was extended in 1935.

Standing across the road from the Tudor-style Liberty department store is a striking building which couldn’t look more different in Soho Central London. Palladium House is a Grade II listed Art Deco office block on the corner of Great Marlborough Street and Argyll Street. With its Egyptian detailing and black granite, the building wouldn’t look out-of-place in Manhattan, New York, USA.  It was built as a smaller twin to another skyscraper by an American architect for an American company.  Located at 40 West 40th Street, in midtown Manhattan, New York City. its stands 103 m/338 feet tall over 23 floors.  In 1998, the building was sold to Philip Pilevsky for $15 million. Three years afterwards, the American Radiator Building was converted into The Bryant Park Hotel with 130 rooms and a theatre in the basement.

Great Marlborough Street dates back to the early 18th century when the road was named in honour of the Duke of Marlborough’s victory at Blenheim in 1704. The Duke of Argyll then added Argyll Street in 1736. Various buildings came and went over the remaining centuries, with the site becoming empty and ready for Palladium House in the early 20th century.

The central heating we have today stems back to the mid 19th century thanks to inventors like Franz San Galli, Joseph Nason and Robert Briggs. In 1902, the National Radiator Company (NRC) was formed in Pennsylvania, USA, with the hopes of bringing this technology to homes across America and beyond. By the 1920s, the NRC’s business was going so well they bought a plot of land in Bryant Park area of Manhattan, New York City. American architect Raymond Hood (1881-1934) and French architect Jacques André Fouilhoux (1879–1945) co-designed the American Radiator Building with a combination of Art Deco and Gothic styles in 1924. Today, the building is one of Manhattan’s iconic skyscrapers and is now home to the Bryant Park Hotel.

Despite their success in the US, the ARC had global dreams. They had already had a factory in Hull since 1906, and had subsidiaries in France and Germany. A few years after erecting the American Radiator Building in the Big Apple, they bought a plot of land in London’s West End for their UK headquarters. They brought Hood over from America to design their new building and enlisted British architect Stanley Gordon Jeeves (1888-1964). Their design was in the Art Deco style and a scaled down version of its New York counterpart. Palladium House is the only European building by Hood, who also designed or co-designed Chicago’s Tribune Tower and New York City’s Rockefeller Center and New York Daily News buildings. Meanwhile, Jeeves went on to create the Earls Court Exhibition Centre and Dolphin Square flats in Pimlico.

Built between 1928 and 1929, Palladium House is a seven storey office block with a black granite façade. The upper storey of the building is decorated with a gold, yellow, orange and green, Egyptian-inspired enamel frieze and cornice. The ground floor features wide windows, originally designed to showcase the company’s radiators. The windows and doorways are decorated with ornate, bronze enamelled plates featuring lotus and jazz-modern geometric patterns. While several colours were used, it’s really the black and gold which stands out to the onlooker, which happen to be the official colours of the NRC. When the building first opened, the ground floor contained the showroom, while the floors above contained office space. By 1934, the British division of the NRC became Ideal Boilers and Radiators, with the building being renamed Ideal House. In 1935 the building was extended further along Argyll Street – you can seen the divide as there is a wider space between groups of four and seven windows.

The heating company moved out years ago and were replaced by new businesses as a multi let office with reception.

Monmouth Dean are the letting agents for the offices.

In the 1970s, the former showroom was home to two restaurants – Argus Steak House and Tennessee Pancake House.  Now home of Spaghetti House Italian and Marugame Udon Japanses Noodles & Tampura restaurant on the ground floor with modernised north and south side offices suites on the upper floors but keeping its Art Deco character.

The building has since been renamed Palladium House after its neighbour, the Palladium Theatre. In 1981, it was declared a Grade II listed building by Historic England. On the ground floor are two restaurants, while the other floors feature office space. Although the enamel surround still exists on the Great Marlborough Street entrance, the Argyll St one has been removed in the late ’60s or early ’70s and is currently in the Victoria & Albert Museum. (Check out a photo of the original Argyll Street door in a London Metropolitan Archives photo from 1962).

© Mr Anthony Rau. Source: Historic England Archive

Thanks for your support in 2023. Here’s to our 15th anniversary in 2024!

Posted on: January 2nd, 2024 by Jason Antill

Thank you for all your support in 2023 and very much looking forward to working with you in 2024 on Measurement, Building, Project and Sustainability Consultancy Services in 2024.