Avison Young launches new Cost Containment service to help businesses drive value8 Jul 2020
The new service helps clients identify both immediate cost savings and long-term strategic approaches to conserving cash.
Avison Young has announced the launch of a new service offer that will focus on supporting clients through their cost containment strategies in a post-Covid environment, while building a resilient and sustainable strategy to drive value in the long-term.
The strategic real estate advisor has identified 10 areas of focus, split into two categories; quick wins and strategic opportunities. The service brings together multiple occupier focused disciplines; including strategic advice, occupier managed services, business rates, investment, lease advisory, workplace, agency, service charge advice and sustainability. It is specifically designed to provide an integrated solution tailored to clients’ individual business needs.
Guy Brett, Principal, Strategic Business Advisory, said:
“We have developed this service as a direct response to demand from our clients. Fast-acting solutions that can be implemented to address wider business and financial challenges are in high demand, especially in the face of a potentially lengthy road to economic recovery.
Through our new service offer, we are able to support clients through this turbulent landscape, and quickly release savings, for example by embracing energy efficiency, aligning FM services, and exploring business rates relief options. We are also working with businesses to make longer-term savings through reconfiguration of their real estate portfolio, considering flexible workspace and exploiting lease opportunities.
There is no one-size-fits-all approach, and we are working with clients to identify custom-made solutions, with the potential of generating savings of more than 30% where there are fundamental changes to their business model.”
The service also includes Avison Young’s Cost Containment Diagnostic, a tool designed to help clients with larger and more complex portfolios. The service aims to identify opportunities for savings and how to release value.
More information on Avison Young’s Cost Containment service offer can be found on the website here.