Newsteer provides strategic occupier advice across Paragon Group’s portfolio of around 30 properties in the UK and Ireland, spanning offices, warehouses and retail print shops. In the first 18 months, the strategy delivered approximately £5 million of savings.
The client’s challenge
Paragon Group needed a coordinated approach to managing a diverse property portfolio, with requirements ranging from acquisitions and disposals to lease events, refurbishments and dilapidations. The challenge was to manage individual property decisions effectively while improving performance across the portfolio as a whole.
Our solution
Newsteer provides ongoing portfolio management, transaction, lease advisory and building consultancy support. This includes acquisitions, sales and lettings, lease renewals, re-gears and rent reviews, together with surveys, dilapidations and contract administration for new-build and refurbishment projects.
Beyond advice: how we added value
By bringing together strategic, commercial and technical expertise, Newsteer has been able to look across the portfolio rather than treating each property requirement in isolation. This joined-up approach helps identify opportunities to reduce costs, manage liabilities and make better-informed property decisions.
Outcomes and impact
In the first 18 months, the strategy delivered approximately £5 million in savings – equivalent to 42% of Paragon Group’s £12 million annual rent roll – while establishing an integrated approach to managing its UK and Ireland portfolio.
