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Phil Weller

Partner

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I’m a Partner in the specialist Lease Exit team based in London. I am experienced in lease exit matters including liability provisioning and the negotiation of surrenders, re-gears, break clauses, dilapidations and Section 18 valuation. Being part of a uniquely configured and cross-discipline team, enables us to effectively meet clients’ needs.

I have over 10 years’ experience in the Real Estate industry having previously worked for a property developer and Deloitte. I have focused exclusively on lease exits since 2010 and specialise in aligning occupational lease exit strategies with wider business and corporate strategies. I have provided expert witness advice and evidence in European service charge disputes and Section 18 valuations across the UK.

Key clients include Mapeley Estates Limited, Close Brothers, Deloitte, Schroders, UniCredit, China Construction Bank, Prudential, Royal Dutch Shell, IWG Group, University of Bedfordshire, Bank of England, Arts Council of England, Moorfields Eye Hospital, Terrence Higgins Trust, St Mungo’s Broadway and the Financial Conduct Authority.

 

MY RECENT PROJECTS

  • Canary Wharf – I lead our Lease Exit offering in Canary Wharf which goes to market acting exclusively for occupiers. I work in conjunction with agency, lease consultancy and rating teams to provide innovative cost mitigation solutions on over 1.5 million sq ft of offices.
  • Financial Conduct Authority – I advised the Financial Conduct Authority on exiting over 400,000 sq ft of offices at 25 North Colonnade and One Canada Square. The FCA relocated approximately 4,000 staff to its new headquarters at 12 Endeavour Square, in the largest single tenant office move in the UK in 2018. I supported the stakeholder group by managing relocation risks and exit costs.
  • Mapeley – I am the contract manager responsible for providing lease exit advice.  This helps our client deliver its portfolio rationalisation strategy across the UK, for space occupied by SSHCLG including HMRC, IPS, and UK Border Agency. Over the contract, the team has successfully delivered on over 150 lease exit dilapidations and service charge disputes. We have negotiated +£52m in dilapidations savings for the client as tenant over c.2.9 million sq ft of office and industrial accommodation.

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