Brokerage and asset management
Increasing asset profitability
Audit of an existing facility, reconception and reconstruction without stopping work. RSG finds reserves in the rental mix, layouts and flows and turns them into growth in rental income and capitalization.
Where do we start?
Facility audit
Rental mix, layouts, visitor flows, rates and vacancies. We are looking for where the object is underearning.
Scenarios
Reconception, reconstruction or change of format - with a financial model for each scenario: investment, term and income growth.
Implementation
Design and supervision, brokerage for a new tenant-mix, and, if necessary, operational management. Work continues without stopping the facility.
Results
Figures for reconstruction and reconception projects from the RSG portfolio.
Capitalization of Sputnik Mall
Reconstruction of a shopping center without reducing dividends to the owner: more leasable area, stronger tenant-mix.
DANA asset value
Redevelopment of an outdated trading building into a gastrocenter: 97% of leasable area.
Capitalization of MONROE
Adaptation of a historical building into a boutique hotel: mono-tenant and 100% occupancy.
Portfolio
Projects where RSG rethought an existing facility: shopping centers, historical buildings, outdated shopping centers.
Team
Frequently asked questions
Is it necessary to close the facility for reconstruction?
As a rule, no. Work is carried out in queues and zones, tenants continue to work: this is how Sputnik Mall was reconstructed without reducing payments to the owner.
How long does an audit take?
From two to four weeks depending on the size of the object. The output is a report with reserves, scenarios and indicative economics for each.
What if the object as a whole is working, but not growing?
Most often, there is a reserve in the rental mix and rates: some operators pay below the market or take the wrong place. Rebalancing without construction gives the first increase in income.
Who is funding the reconstruction?
Owner - from current income, loan or with the involvement of a co-investor. RSG prepares a financial model for each option and can act as a fee developer for the project.