Having helped generate revenue from this under-utilised building, Kent County Council successfully used the interim cash NewFlex generated.
Business recovery after failure of a tenant
After the failure of the incumbent operator, Kent County Council approached NewFlex to affect an immediate and seamless transfer of responsibilities. NewFlex mobilised a special projects team to secure the building, resolve staffing issues and implement a new building regime. Responsibilities included establishing new financial and accounting systems, resolving base build issues, IT and telecoms, and agreeing new vendor contracts with existing and new suppliers.
- Revenue increase in excess of 40% was achieved over an 18-month period
- Management Contract with Kent County Council Pension Fund
- 18,757 sq. ft.
- Management of entire building
- Deal date – October 2010