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Strategic Review of CrossCountry’s Property Portfolio

SLC Property is providing consultancy services for CrossCountry Trains in the form of a strategic review of their entire leased property portfolio.

Providing consultancy services for CrossCountry Trains in the form of a strategic review of their entire leased property portfolio.

Background

SLC Property has been instructed to provide a strategic review of the property portfolio, including a review of all leases, strategy for lease renewals moving forward and advice on incorporating property matters into their general procurement procedure.

Services provided

  • Advice on property matters, including lease renewals, property strategy, board report and database of leases / terms.
  • Ongoing negotiations with Network Rail and Private Landlords on negotiating terms for lease renewals.
  • Providing general property advice.
  • Providing an effective property procurement policy.

Key accomplishments

  • Analysis of lease documentation to provide a database of leases to include all pertinent terms to allow efficient management of the property portfolio.
  • Lease renewal negotiations including agreeing Heads of Terms for any upcoming lease renewals.
  • Providing a report for the Board, setting out the position of the property portfolio, including any exposures, imminent liabilities, recommendations to limit any exposures or risks, and identification of opportunities or efficiencies.
  • Conducting a review of the existing procurement policy and producing a property procurement procedure for inclusion in the existing Procurement Policy.

People involved on this project

Vicky Frankland

Property & Development Surveyor

Vicky Frankland

Property & Development Surveyor

Vicky has worked in the Property industry for over 20 years in a range of roles and is a Registered Valuer. Vicky now specialises in land acquisition and the valuation of land/property relating to its acquisition or disposal. Vicky also has considerable experience in property/facilities management and is conversant with the roles and responsibilities involved in managing property across several use classes. Vicky works extensively within the rail industry, assisting Train Operators with their Property Portfolios She is a highly organised individual who can manage the needs of many different types of stakeholders and conflicting requirements.

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