The Shopping Centre Lease Consultancy team have over 85 years of retail experience
what we do
Our Shopping Centre Lease Consultancy team advises on shopping centres varying from Brent Cross (Hammerson/Standard Life) which opened in 1976 as the first stand-alone shopping mall in the UK, through to Westfield London (Westfield), and Liverpool ONE (Grosvenor Liverpool Fund).
By their very nature, rent reviews, lease renewals, and lease regears can be adversarial, characterised by conflict and cynicism. The scale, complexity and prestige of the major shopping centres make them a prime battleground that can be successfully negotiated only with thorough and detailed preparation, an agreed strategy for evidence creation, and a pro-active and focused implementation programme.
The first round of rent reviews presents particular challenges that are rivalled in complexity only by a subsequent round of lease expiries. Maximising value through the rent review/lease renewal process, while maintaining tenant mix, can only be achieved through an integrated strategy.
how you benefit
The CBRE approach has been adopted successfully for major rounds of rent reviews and lease expiries at numerous award winning centres.
Our extended experience, in-depth knowledge, and tried-and-tested approach, will allow you to benefit from our:
Specialist shopping centre lease consultancy team of eight surveyors, four of which are Directors who have over 85 years of combined retail experience.
Dedication to advising only landlords, including Aviva, British Land, Canary Wharf, The Crown Estate, Hammerson, Henderson, Hermes, Grosvenor, Intu, Land Securities, Legal & General, Lend Lease, M&G, TIAA-CREF, and Westfield
Seated alongside Shopping Centre Development, Leasing, and Management teams, together with Agency and Capital Markets teams; all of our advice is informed by their unparalleled market knowledge
Dedicated Retail Consultancy and Research teams, which enables us to accurately benchmark centre and retailer performance
In this note, we set out the key issues which Brexit is already raising for retailers. Migration controls and currency movements may mean workers are less ready to work in the UK retail industry, which may increase time and cost. Currency devaluation will also generate more general cost inflation, though not everyone is a loser from these effects, and cost increases may spur yet more innovation in an already dynamic sector. The good news is that this year isn’t all about Brexit. The bad news is there are other more pressing concerns in 2017, with the rating revaluation and apprenticeship levy among the factors which retailers will have to grapple with. As always in retail, the winners will be the most agile and forward-thinking.