Struggling to make retail units profitable, many retailers are seeking to reduce costs by negotiating reduced rents or shifting to turnover based rents. Management of smaller groups may be able to renegotiate leases individually with landlords. But how can retailers proceed if they can’t reach agreement with all landlords, or have a large lease portfolio […]
Fladgate has advised Hardwicke Chambers on the letting of the newly redeveloped One Gray’s Inn, WC1. The deal involved the letting of the entire 21,000sq ft office element by The Honourable Society of Gray’s Inn to Hardwicke Chambers. The newly redeveloped Grade A office space which reached practical completion in June 2020 comprised new façades […]
Fladgate has advised Yoo Capital Fund II, L.P on its acquisition of a majority ownership interest in Shepherds Bush Market from U+I Group. The new joint venture will bring about regeneration to Shepherds Bush Market and the adjoining land for mixed-use development. To read more click here
In the current climate in which many occupiers may be looking to renegotiate the terms of their existing leases, the provisions of the new Lease Code may be helpful in highlighting key points to consider when approaching discussions with landlords. Background The new Lease Code was published by the RICS in February 2020. It does […]
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