Acting on behalf of a private landlord HRH have let the former Woolworths store to Alworths, the new company set up by Andy Latham the former Head of Store Management at Woolworths. Alworths acquired a new 10 year lease at an initial rental of £85,000 pa.
Acting on behalf of Lakeland, HRH negotiated a new lease with the landlords Hammerson. The store opened in October 2009.
Acting on behalf of F Hinds Jewellers, HRH negotiated a relocation of an existing small branch into a prominent corner unit within the new Eden Shopping Centre.
Acting on behalf of Sainsbury's, as their retained agents in London and the south-east, HRH acquired a new store for their Local format in the affluent south west London suburb of Earlsfield.
Acting on behalf of clients of London & Capital, HRH successfully re-let the former Woolworth's store to Wilkinson on a new 15 year lease at a higher rent then Woolworth's were paying.
Acting on behalf of Henderson Global Investors, HRH have successfully subdivided the former Top Shop and let part to Specsavers, Shoe Zone and have one final unit available to let.
Acting on behalf of a Fund, HRH acquired the freehold of this prominent shop let to Maplin.
Acting on behalf of clients of CBRE Investors, HRH acquired the freehold interest in the property for a price of £2.875m, a 6.25% NIY.
Acting on behalf of a private investor we acquired the freehold interest in this shop let to A Jones.
Acting on behalf of Town Centre Securities PLC, HRH jointly advised on the disposal of this large retail block in the centre of York. A price of £10.625m was achieved, a 7.06% NIY.
Acting on behalf of Derwent London, HRH negotiated the rent review against Pret a Manger. The case went to Arbitration and we were successful in achieving a rent in excess of £400,000 from the Arbitrator and our client was awarded full costs.
As fully retained surveyors for Lakeland we have recently negotiated rent reviews in Chichester, Cardiff, Lincoln, Tunbridge Wells and Worcester whilst achieving nil uplifts in Buchanan Galleries in Glasgow, Canterbury and Bluewater.
We have also successfully achieved rate reductions on a number of their properties and are now preparing for 2010 appeals.
Prior to their administration, HRH managed to complete several rent reviews on behalf of their landlords in towns such as Worksop, High Wycombe and Leamington Spa (which has subsequently been acquired by H&M). We have since agreed rent reviews or agreed lettings on former Woolworths stores in Witham, Kettering, Bicester, East Dereham, Bognor Regis and Cromer with other deals in solicitors hands.
Acting on behalf of Invista, HRH successfully negotiated a rent review with Monsoon agreeing a 12.5% uplift on the passing rent.
Acting on behalf of a private landlord, HRH recently negotiated a rent review against Barclays securing an uplift of c. 55% in excess of the passing rent.
Acting on behalf of the developer Albarn, HRH successfully negotiated a pre-let with Sainsbury which allowed the developer to commence building this mixed use, retail and residential development. We are now actively marketing the remaining retail unit.
Acting on behalf of the developer Albarn, HRH successfully negotiated a pre-let to Sainsburys which allowed this mixed use retail and residential development to proceed. We are now marketing the remaining retail space.
Acting on behalf of the developer Albarn, HRH successfully negotiated a pre-let with Sainsburys which allowed this former petrol filling station site to be redeveloped into a mixed use retail and residential scheme.
Acting on behalf of Lasalle Investment Management HRH negotiated a new ten year lease with Bon Marche.
Acting on behalf of PRUPIM, HRH negotiated a reversionary lease with the tenant Clark's.
Acting on behalf of Invista, we negotiated a surrender and re-grant of a new 20 year lease to Wilkinson.
Acting on behalf of Canada Life, HRH advised on the surrender and re-grant of a new 10 year lease with Holland & Barrett.
Acting on behalf of Derwent London we have recently concluded the rent review of Pizza Express with an effective date of the 1st January 2009. We achieved approximately a 25% increase on the passing rent.
Acting on behalf of a private landlord we have re-let a former Burger King premises to Itsu on a new ten year lease.
Acting on behalf of a private landlord we have successfully agreed a rental uplift at arbitration against JD Wetherspoon having also won an Award for Costs of the referral from them.
Acting on behalf of Tragus, HRH advised on the subletting of part of a Strada restaurant to Domino's.
Acting on behalf of Land Securities, we have successfully negotiated a rental uplift of approximately 15% at the rent review of a Fitness First gym.