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Gareth Owen

Associate

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I’m Associate in the Property and Asset Management team at Gerald Eve acting on behalf of investor clients. I work across all asset classes, save for residential, in the UK. We provide advice to drive and protect value and income through re-gearing leases, identifying redevelopment opportunities and wider strategic management to realise our client’s business plans and objectives.

I worked in the retail and restaurant lease consultancy team at Gerald Eve for five years, on behalf of clients such as Pizza Express, WHSmith, Costa Coffee and the Grosvenor Estate advising on rent reviews, lease renewals and re-gears. More recently I have moved into the Property and Asset Management team.

 

MY RECENT PROJECTS

  • Lambs Conduit, London – The tenant’s retail lease was subject to a rent review with effect March 2019, a further rent review in March 2022, a tenant break option in March 2021 and a lease expiry in March 2026. We were advised the rent review should be settled at a nil increase. However, we considered there was a risk the tenant would break the lease given the current retail market. Through negotiation we agreed the March 2019 rent review at a nil increase, pushed out the next rent review to March 2024 and removed the tenant’s break clause, securing income on a retail premises until March 2026.
  • Sky Business Park, Egham – After a tenant told us of their intention not to renew their lease at expiry, we instructed our lease exit team to negotiate a dilapidations settlement and our industrial agency team to market the unit. Terms were then negotiated and agreed with BP International for a new lease, a dilapidations settlement was secured, and we refurbished the premises in line with the new tenant’s requirements.
  • Sky Business Park, Egham – The tenant’s lease was due to expire in September 2019. After reviewing the market evidence, we opened negotiations agreeing a new lease demonstrating rental growth within the estate, which will be used on upcoming lease events to increase the overall income of the estate.

My Services