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Assessing the risk to a vacant unit

Property and estate managers can take advantage at the earliest opportunity of any economic upturn to turnaround these empty assets

+ Vacant commercial properties rise again in Q3

+ 1 in every 8 commercial properties in Ireland vacant

+ Upcoming vacant property summit in Dublin with VPSitex
Chief Operating Officer

A timely report was published this week on commercial premises, citing another rise in vacant properties across Ireland. It finds the national commercial vacancy rate had increased to 12.3% in Quarter 3, rising from 11.9% the previous quarter.

The news comes as a seminar on “Managing vacant property” is due to be held at the National College of Ireland on Tuesday 22nd October, run by IPFMA, the Irish Property and Facilities Management Association. The meeting picks up on the practical, legal and insurance compliance issues dealing with vacant properties, and has had to request a larger venue from the National College as demand for places at the seminar outstripped the original venue.

“With over 16,000 empty homes and more than 27,000 commercial properties lying empty in Ireland, managing and looking after vacant properties is a critical topic.” says seminar speaker Mr. Gavin Pringle, Chief Operating Officer for VPSitex, the leading vacant property specialist.

“If these assets are looked after well, maintained, protected and secured, they will provide new homes for tenants and entrepreneurs much more quickly than if they are neglected.”

Mr Pringle, who has been a Director of FTSE 500 companies such as Tarmac and Biffa Waste Management, explains “Property and estate managers can take advantage at the earliest opportunity of any economic upturn to turnaround these empty assets. Assess the risk to a property, implement an appropriate and cost-effective solution, and any preventative measures will translate into avoiding expensive repair work.”

This is a free-to-attend event for IPFMA Members but also to qualifying jobseekers, as part of the Skillnet learning opportunity, and qualifies for three hours CPD.

VPSitex is part of Europe’s largest vacant property specialists, VPS, and every year almost 20,000 empty homes and commercial units that have been looked after by the company are re-let to new tenants or sold to new owners.

The quarterly GeoView provides accurate and up-to-date data on the stock of commercial properties in Ireland. It was commissioned by GeoDirectory from DKM Economic Consultants. This report provides analysis from the most comprehensive national database of vacant commercial buildings.

The Irish Property and Facility Management Association (IPFMA) is the leading professional body for the property management and facility management profession in the Republic of Ireland.

Both Mr Pringle and the VPSitex Business development Manager, Michael McNamee, will speak at the afternoon event alongside speakers from Savills, Matheson and Corporate Risk. Attendance will cost €25 to non-members of IPFMA. Contact professionaldevelopment@ipfma.com for more information.

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Editor’s Notes

About VPSitex

VPSitex are specialists in securing, maintaining and managing vacant properties across a wide range of customer and industry sectors the world over.
Core services cover the complete property lifecycle from an initial risk assessment, to security, monitoring, clearing, cleaning, maintenance and preparation. These services protect properties against unauthorised access and a variety of hazards such as arson, theft, squatting and unauthorised occupation.
Our extensive range of services provide customers with the peace of mind that vacant property is safe and secure, and most importantly, helping to retain its value.

For more information visit http://www.vpsitex.ie/

For media enquiries or for an interview with Gavin Pringle or Michael McNamee:

Call +44 (0)77 222 82 946
Or +353 (0) 1867 1188
email: ireland@vpsitex.ie

This press release was distributed by ResponseSource Press Release Wire on behalf of Perfectly Picked in the following categories: Business & Finance, Retail & Fashion, Construction & Property, for more information visit https://pressreleasewire.responsesource.com/about.