Representatives from a number of West charities were given an insight into the most cost-effective ways of maximising value from their property assets at a seminar held in Thrings’ offices in Bristol.
The seminar was hosted by Ben Tarrant and Warren Reid, commercial property partners at Thrings, Paul Williams, head of agency at Bruton Knowles, Chris Mapp, relationship manager at Unity Trust Bank, and James Woollam, managing director at Hayes Parsons.
Paul Williams and James Leeks from Bruton Knowles’ Great George Street office were among city commercial property specialists who advised on how charities can best manage their property portfolios to ensure they are financially secure into the future.
Paul Williams from Bruton Knowles said: “Many if not all West charities hold extensive property portfolios, typically a range of shops in High Street and other retail locations.
“As such, they need to be up to speed with fluctuations in the local property market and how best to maximise the return on their property.
“With Government spending being reduced year on year it is more important than ever that charities identify new ways of securing funding.”
The event was attended by representatives of around 20 invited charities including Dorothy House Hospice Care, St John's Foundation, HorseWorld Trust, Chippenham Borough Lands Charity and Bath Cats & Dogs Home who were given practical advice on planning and monitoring construction projects, valuations and securing the best deal in any sale or acquisition.
The seminar also featured inspiring presentations by two guest speakers - Sandy Hore-Ruthven, CEO of Creative Youth Network based at The Station in Bristol, and Louise Mitchell, chief executive of Bristol Music Trust which runs Colston Hall - who shared their recent experiences of securing investment and developing their own property.