Aviation Real Estate Advisers

Aviation Real Estate Advisers, known as AREA, is a property consultancy focused on the aviation sector. It supports investors, airports and their occupiers. The firm says it has been advising the aviation property sector since 1989.

AREA offers asset management for whole airport estates and for individual property assets. It works to maximize returns and reduce risks. Its estate management covers rent and service charge accounting, lease covenant enforcement, statutory compliance, energy management, planned maintenance and reactive repairs.

The agency team handles the acquisition and disposal of aviation real estate for investment or operational purposes. It works internationally. It markets vacant aviation assets to a network of operators, and it searches for and acquires operational property for occupiers. It also negotiates purchase and lease agreements.

Lease advisory covers new leases, renewals, rent reviews and lease restructuring. The team also handles rent review and lease renewal disputes, including expert submissions in arbitration and independent expert proceedings. Valuations of specialist assets are carried out by RICS registered valuers.

The building consultancy team works on airside and landside buildings, and on commercial property near airports. Its services include pre acquisition building surveys, construction, refurbishment and fit out projects, dilapidations negotiations, defect diagnosis and planned preventative maintenance programs.

AREA works across the UK and internationally from its UK office. The site lists airports and aviation businesses among its trusted clients, including Birmingham Airport, London Gatwick, Glasgow Prestwick, Exeter Airport, London Luton, Signature Flight Support and Jet2.

The firm is RICS regulated. Clients can get in touch by email, by phone or through the contact form on the website.

Services

• Asset management
• Estate management
• Agency and brokerage
• Lease advisory
• Rent review disputes
• Valuation of specialist assets
• Building consultancy
• Pre acquisition surveys
• Dilapidations
• Planned maintenance