Case Study: Co-operative Group

Co-operative Group building
Published on: 10th September 2014

Our lease consultancy team is instructed to act on behalf of the Co-operative Group in respect of their Landlord and Tenant work throughout the North of England. This is a multi-office instruction with the work being serviced from our Leeds, Manchester, Newcastle and Teesside offices. The portfolio includes the Co-operative Group’s pharmacy, travel, funeral and food units.

We have held this instruction since January 2009 and have obviously concluded a number of rent reviews and lease renewals since that time. However, of particular note were the two August 2009 rent reviews on the food stores at Market Place, Bedale and Ainderby Road, Northallerton that were both referred for Independent Expert determination during 2011.

Both leases provided for reviews to be upwards only to the higher of open market value or a minimum fixed increase set out in the rent review clauses. In both cases the landlord contended that market value was in excess of the specified fixed figure. We disputed this assessment and made the recommendation to proceed with a third party referral on each case.  The best possible outcome was achieved as independent experts ruled that rent should be placed at the minimum figure for both properties.

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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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