It has been a busy start to the year for the Project Management department, currently managing 18 refurbishment projects, as weakening sterling post-Brexit has attracted more of our foreign clients into the PCL market.
We meet on site at the start of the day to assess a newly stripped out unit in Pimlico and run through our existing refurbishment plans. We are moving the entrance to the reception room and opening up the kitchen to provide the open-plan living which tenants are typically attracted to. Alongside full modernisation with a new kitchen and bathroom, the new plans also accommodate a walk-in wardrobe to maximise storage – another selling point for the rental market. We also confirm that we can remove the step up into the bedroom so the flat is on one level which will present much better. Agreeing the final layout, we update our plans for the owner’s approval and the team splits up to attend our next appointments.
Whilst some of the team head off to meet our structural engineer at a freehold building we have recently acquired, I walk across to another property we are working on, located within a grand gated complex, overlooking a garden square. I am meeting a client who wants a fully bespoke interior design package, planning to reside in the property and potentially rent it out in the future. Armed with a multitude of samples, we discuss the plans we have drafted, which will turn the three bedroom unit into a stylish two bedroom property with walk-in wet rooms, eat-in kitchen and grand reception room. It is a complex brief, designing to the client’s personal taste whilst ensuring the property will remain hardwearing and generate maximum yields in the rental market. With a few tweaks, our plans seem to hit the mark and our client takes a number of samples away for consideration. We agree a time to meet again before they return to Malaysia.
My next appointment is to review a recently vacated property near St James’s Park which LCP has managed for almost 20 years. The property now requires a complete refurbishment to meet the demands of the HNW tenants that the area attracts. Noting down the necessary essential works, I return to the office to begin drawing up the specification for a number of LCP’s preferred building firms to tender.
The last stop of the day is at a property which needs to be ‘dressed’ for its post-refurbishment photographs, being taken first thing tomorrow. The property has undergone a complete transformation with the addition of a second bathroom and a full refurbishment with interior designed fit-out. Stylish veneered cabinetry has been installed in the reception room to house the TV unit, fitted out with shelving and feature LED lighting. Grey and white soft furnishings and dressing items have been selected to complement the modern design scheme and wall-to-wall mirrored wardrobes have been installed in the bedrooms to maximise light in the property.