DTZ’s work to provide professional advisory services on all aspects of the centre, and to co-ordinate with leasing and management teams to provide a value-added service.
Overview
DTZ is appointed to provide all professional advisory services at the Telford Shopping Centre, which comprises the entire town centre retailing offer.
This instruction includes over 120 unit shops, large store units (BHS, Primark) and department stores (Debenhams and House of Fraser) within the centre, together with an ASDA superstore, two retail warehouse units that adjoin and two office buildings.
In total, the instruction covers more than 1m sq ft of retail floor space.
What DTZ did
We provide advice encompassing:
- Tactics for and negotiation of rent reviews and lease renewals
- Act as expert witness for rent review arbitrations and court referrals
- Structuring new lettings to maximise rental values
- Structuring leases to maximise future rental returns
- Negotiating the surrender of a restrictive covenant
- Valuation implications of asset management strategies
Results
DTZ delivers an all-round professional advisory service to the client.
By co-ordinating with the agency and management teams, DTZ’s value added advice supports the asset manager’s strategic objectives for the centre.
Contact us
- Tom Plaine
- Phone: +44 (0) 20 3296 4287
- Email: Tom.Plaine@dtz.com
- Sarah Key
- Phone: +44 (0)20 3296 4285
- Email: sarah.key@dtz.com