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In response to evolving consumer spending trends, today’s high streets typically contain restaurants and cafes as well as banks and retail units. From a technical perspective, the way in which shops and restaurants are valued may vary and. Our retail team consists of specialists who understand these differences.
The retailers, restaurant operators, banks and building societies that occupy such properties share common concerns. They will know at first hand that property - rents, rates and service charges – have a direct impact on profitability - so it’s essential to keep a lid on these costs.
In the last 12 months, we have saved our occupier clients – such as Booker, the Co-operative Group, Costa Coffee, Debenhams, Gondola Group, Harvey Nichols and Marks and Spencer, millions of pounds from negotiating rent reviews and appealing business rates bills. These can be anything from high street retail units, department stores, restaurants, cafes and banks, to factory outlet centres, supermarkets or retail warehouses.
Our planning & development team are busy assisting property companies and retailers in getting new schemes through the planning system. This is an obstacle course that merits outstanding technical knowledge and diplomacy. We have been involved in the redevelopment of the Duke of York Headquarters in London and Broadway Retail Centre in Bradford, for instance.
Our investment agents meanwhile have acquired assets for Threadneedle Property Investors, whilst our valuers have recently been busy with the valuation of Somerfield/Kwik Save Group portfolio of 1,500 properties, on behalf of a purchasing consortium of R20, Barclays Capital and Apax Partners.
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