Charitable organisations and cultural institutions can face unique real estate challenges that require creative, distinct and empathetic solutions.
Often housed in heritage buildings and listed premises, these properties tend to be specialist spaces for which traditional real estate advice may be unsuitable.
Our team holds specific technical knowledge of the sector, including an understanding of charitable objectives and the intricacies of charity law. We also draw on our expertise in other areas, both in the UK and across Newmark’s global network.
We work with a broad range of charities, religious groups, museums, institutions of the arts and other cultural organisations across the so-called ‘Third Sector’. Our aim is to provide clear, strategic and commercially sound real estate advice within the regulatory framework.
Our service offer includes valuations, Designated Adviser’s Reports, acquisitions and disposals, strategic estates planning, building consultancy and rates mitigation.
Third Sector Specialists
The term third sector covers a wide variety of organisations with a vast range of purposes and structures, part of neither the public nor private sector. There are several sub-sectors that share the same fundamental elements:
Non-governmental organisations work alongside government agencies and can receive funding or commissions from the government, while being fully independent from the government itself.
Values-driven organisations pursue specific goals that are aligned with particular political or social perspectives.
Non-profit organisations can raise funds and generate finances in order to invest in environmental, social or cultural projects or objectives that do not include profit as an end.
Community and voluntary organisations, charities, social cooperatives and enterprises, and private research institutes all fall under the umbrella of Third Sector.
The third sector operates at every level of society, both local and international. With rising costs associated with renting and buying property, it is vital that charities have robust property strategies in place that include strategic property plans and thorough and accurate trustee reporting.
