Business recovery after failure of a tenant

Having helped generate revenue from this under-utilised building, Kent County Council successfully used the interim cash NewFlex generated.

Citibase Bath
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