Having finished my stint in Valuation in March, I am currently two months deep into my new rotation: West End Office Lease Advisory.
Described to me once as part of the ‘bread and butter’ of real estate management I am learning an astonishing amount about the world of lease advisory. Namely, the dynamics and key players in the West End office market, the sometimes confrontational nature of life as a Rent Review Surveyor and of course, how to properly read leases.
Something that has particularly struck me about being a graduate at Montagu Evans so far is the sheer diversity of property assets I have had the opportunity to work with. To date I’ve valued, or done lease advisory work on, prime west end, town centre and out of town offices/retail, residential developments, industrial (both sheds and land), a variety of healthcare properties, agricultural land and a number of portfolio valuations.
Whilst in my current department I am predominantly occupied by West End offices and am working for clients mainly comprised of including banks, insurers, pension funds, propcos and REITs, I recognise I am very fortunate to have had the opportunity to work with some of the property types listed above. The breadth of experience I have had during my short tenure has meant I feel I have learnt just as much about property in the last 8 months as in my entire three years of an Estate Management undergraduate degree, and of course has produced plenty of interesting entries for my APC diary.