Asset management – Abu Dhabi

Project Name: Asset Management

Client Name: State Owned Entity

Location: Abu Dhabi

Assets Covered: Residential, Retail, Industrial, Commercial, Educational and Civil Infrastructure assets

Project Size: N/A

Project Value: Confidential

Executive Summary

The client sought to optimise their real estate portfolio, analysing leased, owned, and granted properties across various sectors. They aimed to identify performing and non-performing assets, recommend improvements, and establish a comprehensive asset management model focusing on profitability, asset integrity, efficiency, performance, and personnel.

Our Solution/Recommendations

Cavendish Maxwell was appointed to undertake asset management services, during which we conducted the following activities:

• Assessed the current performance of assets within the client’s real estate portfolio, including lease rates, leasing strategy, and tenant mix, to identify performing and non-performing assets.
• Developed SWOT analyses to assess the overall strengths and weaknesses of each real estate component.
• Identified comparable developments for each real estate component to gain a greater understanding of the dynamics required to establish successful developments.
• Provided benchmark processes and practices of organisations in the same industry related to asset management practices internationally and within the region.
• Provided recommendations for improved group-wide real estate management and leasing strategies based on performance assessment, market analysis, and the introduction of property KPIs, aiming for cost efficiencies and operational enhancements.
• Proposed a comprehensive asset management model inclusive of an implementation plan.

Completion Date: Project is still ongoing.