Asset Management or Property Management: what do you need?

Asset management is market know-how to acquire land and/or buildings and create value, through strat land, development, asset repurposing, rent strategy, lease-up and improving tenant mix to drive total returns. Property management is the day-to-day lettings and tenancy management and repairs.

Asset management is the strategic oversight and administration of real estate assets to maximise their value and performance. It involves a comprehensive approach to managing properties, encompassing everything from acquisition and development to ongoing operations and eventual disposal.

Property asset managers are responsible for optimising the financial returns of a real estate portfolio by making informed decisions on leasing, maintenance, and property enhancements. They also assess market trends, analyse risk factors, and develop long-term strategies to ensure that properties generate consistent income and increase in value over time.