Well, the UK's largest independent pharmacy business re-appoint us for lease consultancy services

Well Pharmacy
Published on: 28th July 2015

Well, the UK’s largest independent pharmacy business, has re-appointed us to provide advice on its 165 northern branches.

Manchester-based Well, formerly known as The Co-operative Pharmacy, has renewed the relationship, that began six years ago.

 The re-appointment follows the organisations’ partnership lapsing due to The Co-operative Pharmacy’s purchase in October last year for £620m by London-based multinational family-owned company Bestway Group. A six-month transition period followed the sale, during which the pharmacy organisation was advised by its vendor The Co-operative Group.

Our renewed service to Well will be delivered by our lease consultancy experts and will cover matters such as renewals and rent reviews, plus the provision of ad-hoc advice. It will be supplied from our offices in Manchester, Leeds and Newcastle.

Meredith May, national property manager, Well, said: “We’re delighted to be working with Sanderson Weatherall again because we built up a good relationship and developed a very effective partnership with that organisation previously. In a nutshell, the firm has shown that it understands who we are and what we’re about.

“Our business is currently going through a period of rapid change - in addition to the transfer of ownership, we acquired Care4U, a pharmacy chain employing 70 staff at seven sites in Devon, during February, for example. It’s therefore all the more important for us to work with suppliers we know we can trust and Sanderson Weatherall certainly fits that bill.”

Well now has over 780 branches and more than 7,000 employees across the UK.

David Rastrick, partner in our lease consultancy team, said: “We’re very proud of our long-standing relationship with The Co-operative Pharmacy and are now looking forward to delivering a range of benefits to Well at this interesting and exciting time for the organisation, which operates in a highly competitive market.”

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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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