CASE STUDY

Lyndon House

Switch Hospitality ventured into our first service charge contract in 2020, for this 16 story serviced office development.

Some key wins to date:

  • Switch agreed a service charge budget 15% less than the previous management company.
  • At the end of the year in 2021 Switch reduced the service charge spend by a further 20% and £1 per square foot for tenants.
  • 2021/22continues with the same trends:
    Occupancy increase of 20%
    Retention 95%
    Rates Growth 15%