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Daniel is a partner and co-head of our leisure department, based in the West End. He provides specialist advice to the leisure property sector, with a particular focus on the cinema exhibition and gaming industries. Over the past ten years he has concentrated on providing advice to occupiers of leisure property on valuation, due diligence, landlord & tenant and rating matters. He is heavily involved in providing ongoing advice on a day-to-day basis to several of the UK’s leading leisure operators.
Daniel is a member of the Entertainment and Leisure Forum; a self-electing body of Chartered surveyors, all of whom practice in the leisure sector and collectively work with the RICS in relation to valuation methodology. Daniel is also a committee member of the Leisure Property Forum.
Specific experience
Daniel was responsible for providing detailed advice and in-depth due diligence services on the corporate sales of three of the UK’s major cinema circuits that have driven the consolidation within the cinema exhibition industry. Daniel regularly provides specialist input across this sector and in 2007 advised on a £70m multi-cinema site sale and leaseback transaction.
He advises the combined Odeon and UCI cinemas group on all its rent reviews and lease renewals throughout the UK. He has considerable experience in third party referrals and has given Expert Witness evidence at formal rent review oral hearings.
Over the past four years Daniel has saved Odeon almost £12m from landlords’ quoting rents and holds current rent review instructions from various cinema operators. He also has market leading experience in advising the cinema exhibition industry on general valuation, asset management and strategic property matters.
On behalf of the Cinema Exhibitors’ Association (CEA) and other cinema operators, Daniel negotiated the national basis for the valuation of cinemas – both traditional and multiplex – in relation to the 2000 and 2005 Rating Revaluation.
In addition to his in-depth cinema experience, Daniel has advised Mecca Bingo on all its rent reviews on an ongoing basis as well as advising various independent bingo operators. In the past three years Daniel has saved Mecca more than £11m from landlords’ quoting rents at review.
Daniel oversaw the provision of management services, valuation advice and the preparation of schedules of condition on a £172m sale and leaseback transaction of bingo clubs and casinos for the Rank Group in 2006.
Retained by both Mecca and the Bingo Association, Daniel was centrally involved in the negotiation of a national basis for the valuation of bingo clubs – both traditional and flat floor – in connection with the 2005 Rating Revaluation.
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