A recent Gilini Group acquisition in Essex exemplifies our dedication to revitalise properties and nurture communities through responsible management and strategic development. Having discreetly acquired a block of apartments from receivership, we encountered a series of challenges that needed resolution - and showcased our ability to act swiftly and responsibly.
It is vital to know all the risks you are taking on when acquiring a property. Always involve your solicitor in the pre-acquisition checks. They will be able to deliver the specialist advice you will need.
Here are the challenges we faced:
1. Immediate Action and Compliance
Upon acquisition, we faced a property that fell short of our standards on a number of fronts. This was a building suffering from years of neglect, with residents trespassing on the site, and documentation that was out of order. We prioritised compliance and safety by securing the necessary certificates and assessments, including electrical and gas safety, and fire risk evaluation. Within the first month of stewardship, we did all this, and importantly rectified tenancy documentation.
2. Professional Remediation
The property demanded urgent attention. Overgrown gardens and a lack of general maintenance presented not just an eyesore but a potential hazard. Co-ordinating with a team of builders, roofers, plumbers and electricians, we obtained professional certifications and ensured full compliance.
3. Legal and Amicable Resolutions
We had to deal with unregulated tenancies, as well as a problematic trespasser. Providing options directly to the affected occupants, we sought amicable resolution, in some cases escalating to legal rigour. As is always our policy, we worked closely with solicitors, to ensure that our actions were above reproach, legally sound, and delivered as collaboratively as possible.
4. Enhancing the Living Space
The most visible improvements were physical - from the driveway to the rooftop. The front door was properly secured. All bulky waste was removed. Pigeon damage and damp issues were made good. The property was transformed, restoring not just its safety, but also its dignity.
Within a short space of time, the building and communal areas were not only compliant with regulations but were also uplifted to meet Gilini Group's high standards of quality and aesthetics. Residents' cooperation blossomed into contentment as they witnessed the upgrading of their living environment into homes they could take pride in.
5. Adding Value
Our vision extends upwards into growing property value, while enriching the community. We have a planning application in process to add an additional modern, two-bedroom flat above the existing structure. Our ethos is always to improve properties in a way that brings success collaboratively.
6. Future Growth
Our goal is to shape skylines and cultivate positivity through property investment and development that is always responsible and innovative.
We believe that growth comes about through strategic action.
Property improvement is a function of expert collaboration and the pursuit of excellence. We encourage partners who wish to be part of such transformative ventures to reach out to us.
