Jobs on the way as property business enjoys stellar six months

A Lincoln-based firm of chartered surveyors says it is looking to create a number of new jobs after its property management team enjoyed a rip-roaring end to 2019.

Banks Long & Co experienced a surge in the amount of rental income it collected for commercial clients in the six months to December, raking in an additional £3 million. The firm, which was contracted to look after more than 40 new commercial sites during the period, now says it wants to bolster its team – not least because, according to managing director Tim Bradford, its performance had a “strong impact” on its other services.

Associate director Sarah Pettefar, who joined colleagues Emma Surphlis, Charlotte Elkington and Emily Funnell in the commercial management team at Banks Long & Co last year, said: “At the six months ended December, we were managing 17 new service charge budgets and collecting in excess of £3 million in additional rent annually. We are looking after clients with a wide range of properties, including those in Lincoln, Boston, Scunthorpe, Hull, Sheffield and even as far afield as Norfolk.

“Our current workload includes the management of retail parks, office blocks, industrial estates, residential blocks and single-let properties, so we are working across all sectors with a variety of different clients and tenants.”

Bradford added: “One of our key strengths is the co-ordinated crossover between our divisions. The agency/investment consultancy team allows us to provide pro-active asset management advice.

“Our lease advisory team works in tandem with the management department to generate rental growth and our expanding building and cost-consultancy team offers support on matters such as dilapidations and the potential for refurbishment or development.”

Banks Long & Co. has its headquarters on Westgate in Lincoln city centre.