Case Study: Royal Mail

Published on: 10th September 2014

Sanderson Weatherall were instructed to act on behalf of the tenant, Royal Mail, in respect of a rent review of their 29,000 sq ft delivery office in Warrington. The Landlord had served a notice proposing a 40% increase in the rent. Through negotiation and identification of tenant improvements the Landlord revised their position to a 4% increase. We were of the opinion that no increase was applicable.

The dispute was referred to Arbitration with Sanderson Weatherall submitting Expert reports on behalf of Royal Mail. The Arbitrator’s award was that the rent review should be documented at nil increase. Sanderson Weatherall had protected Royal Mail’s position in respect of costs by serving a ‘Calderbank’ offer on the Landlord to settle the dispute at the passing rent, as a result, the costs of the Arbitration procedure were also awarded against the other side.

I am delighted at the settlement achieved for this rent review. Excellent and good professional work from Aidan. He correctly advised us to proceed to arbitration resulting in a nil increase at the review. Well done again Aidan.

Brian M. Thorrat, Royal Mail Estates Manager

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Lease Consultancy

Sanderson Weatherall’s Lease Consultancy team are leaders in the field. We are expert negotiators in rent and lease terms for all forms of commercial properties across the UK. Our knowledge of the property market and experience in dealing with complex tenancy agreements allows us to deliver top results for you, no matter how big or small your business is. Our understanding of business and people also means we’ll work with you to achieve the best result, without damaging your relationship with your landlord or tenant. The Lease Consultancy team are able to offer: Lease Audits We will analyse your leases and identify, critical dates and liabilities leading to the creation of a comprehensive lease database. This will simplify your processes and avoid key dates and obligations being overlooked. Lease Renewals & Restructuring We will undertake a strategic review and inspection of your property portfolio and identify opportunities to rationalise or restructure leases, and reduce your costs by reviewing future lease events and potential liabilities. Rent Reviews We act on your behalf on the negotiation of rent and lease terms to obtain the best possible outcome. Dispute Resolution Our highly experienced lease consultancy team will represent you at Court and Arbitration and have a wealth of experience in the preparation of Expert Report and Replies to Independent Experts and Arbitrators. Members of the team are also frequently appointed by the RICS to act as arbitrators, Independent Experts and Mediators. Strategic Property Due Diligence Advice We provide detailed rental advice if you are considering acquiring property or businesses with existing leasehold liabilities. Contact Us

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Sanderson Weatherall’s Lease Consultancy team are leaders in the field.

We are expert negotiators in rent and lease terms for all forms of commercial properties across the UK. Our knowledge of the property market and experience in dealing with complex tenancy agreements allows us to deliver top results for you, no matter how big or small your business is.

Our understanding of business and people also means we’ll work with you to achieve the best result, without damaging your relationship with your landlord or tenant.

The Lease Consultancy team are able to offer:

Lease Audits

We will analyse your leases and identify, critical dates and liabilities leading to the creation of a comprehensive lease database. This will simplify your processes and avoid key dates and obligations being overlooked.

Lease Renewals & Restructuring

We will undertake a strategic review and inspection of your property portfolio and identify opportunities to rationalise or restructure leases, and reduce your costs by reviewing future lease events and potential liabilities.

Rent Reviews

We act on your behalf on the negotiation of rent and lease terms to obtain the best possible outcome.

Dispute Resolution

Our highly experienced lease consultancy team will represent you at Court and Arbitration and have a wealth of experience in the preparation of Expert Report and Replies to Independent Experts and Arbitrators.

Members of the team are also frequently appointed by the RICS to act as arbitrators, Independent Experts and Mediators.

Strategic Property Due Diligence Advice

We provide detailed rental advice if you are considering acquiring property or businesses with existing leasehold liabilities.

Contact Us

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Case Study: Magnet Ltd

The property comprises one of the client’s portfolio of leasehold stores which was identified as a possible re-gear, having less than three years left to run to the end of the current lease, subject to receiving an equal share of the enhancement to the landlord’s capital value.

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The property comprises one of the client’s portfolio of leasehold stores which was identified as a possible re-gear, having less than three years left to run to the end of the current lease, subject to receiving an equal share of the enhancement to the landlord’s capital value.

[fulltext] =>

Following negotiations terms were agreed and a reversionary lease subsequently completed for a term of 10 years commencing on the day after expiry of the current lease on 12th December 2013. Under a Deed of Variation completed simultaneously the client received an immediate saving of £137,500 via half rent under the current lease.

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National lease consultancy service expansion

We are now able to offer clients an enhanced, nationwide lease consultancy service thanks to our expanding office network across the UK.  Our lease consultancy team deals with rent reviews, lease renewals and lease re-gears on all types of commercial property throughout the UK and is managed by Leeds-based head of lease consultancy, David Rastrick, supported by partners Fiona Rowland and Stephen Jefferies.  In Manchester the team is led by Kim Murray, with Aidan King in Birmingham, Andrew Udall in London, Anthony Turner in Bristol and Shona Baxter in the Newcastle.

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We are now able to offer clients an enhanced, nationwide lease consultancy service thanks to our expanding office network across the UK. 

Our lease consultancy team deals with rent reviews, lease renewals and lease re-gears on all types of commercial property throughout the UK and is managed by Leeds-based head of lease consultancy, David Rastrick, supported by partners Fiona Rowland and Stephen Jefferies.  In Manchester the team is led by Kim Murray, with Aidan King in Birmingham, Andrew Udall in London, Anthony Turner in Bristol and Shona Baxter in the Newcastle.

[fulltext] =>

Commenting on the expanded lease consultancy service, David Rastrick said: “Our ability to offer our dedicated lease consultancy service across our expanding office network is a real advantage to our clients.  We have a very experienced close-knit team which works very well together and our aim is to offer the same high quality of service to clients wherever they may be geographically.”

We are already reaping the benefits of the expanded team, with nationwide clients such as Speedloan Finance appointing Sanderson Weatherall to oversee its entire UK property portfolio.

David added: “The instruction by Speedloan Finance to review and restructure its Albermarle & Bond and Herbert Brown leasehold portfolio is a good example of collaboration between our regional offices and the lease consultancy teams working closely to offer a nationwide service.  We were able to deliver on a brief that covered 130 properties across the UK with great success and with the newly expanded office network in place we look forward to continuing to grow this offer.”

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