cedardean commercial property restructuring

Transcription

1 cedardean commercial property restructuring

2 what is rent reform? Rent Reform is a bespoke service specifically designed by Cedar Dean to provide Tenants with unparalleled strategic advice on commercial property restructuring. Our core services include: Rent Reductions Lease Restructuring Lease Re-gearing Rent Reviews Lease Renewals Insolvency Advice Agency Investments Cedar Dean works with Tenants in order to overcome the challenges of unprofitable, over-rented or generally problematic leasehold properties. Utilising the company s extensive market knowledge and expertise, Rent Reform abandons the one size fits all approach, delivering a tailored service whereby each case is executed in both a direct and creative way. The Rent Reform service operates on a no saving no fee policy, meaning there are no upfront charges or hidden costs. So, why not take advantage of a free appraisal and discover what solutions Cedar Dean can provide for your business.

3 Glen McCullum, VIP Polymers Ltd

4 our tenant services rent reductions / lease restructuring Cedar Dean provides a unique service for Tenants who are struggling with their rental costs. Institutional leases in the UK are generally subject to upward only rent reviews, often leaving Tenants feeling trapped and in desperate need of financial assistance when their turnover drops. Cedar Dean s team of professional surveyors understand the commercial property market and are experienced in working around difficult leasing terms when negotiating with Landlords. Each case is dealt with on an individual basis, taking all factors of the business into consideration before an appropriate strategy is set in place. lease re-gearing Lease re-gearing is a positive way to help Tenants achieve their goals. A lease can be varied at any time. However, the period leading up to a rent review and break dates offers a particularly good opportunity for Tenants to explore the possibilities of restructuring their lease. Cedar Dean will endeavour to negotiate immediate upfront rent concessions in return for the Tenant s continued commitment to occupy premises. Faced with the prospect of no tenant at all and the liability for empty property business rates, UK Landlords often consider that a reduction in the passing rent is a better option than a vacant premises. Cedar Dean is expert in negotiating attractive lease re-gear packages, often resulting in financial incentives such as rent free periods, capital contributions and the removal of onerous Tenant obligations.

5 rent reviews Rent review clauses are a prominent feature of most commercial leases. With a detailed knowledge of a given market and an analysis of its trends, Cedar Dean s team carries out rent reviews using an innovative and practical approach. Our method often allows the swift and effective conclusion of outstanding and upcoming rent reviews in order that our clients can focus on running their business whilst safe in the knowledge that their rent liability has been mitigated. Through open dialogue and face-to-face discussions, Cedar Dean negotiates with Landlords to achieve the best results for its Tenant clients.

6 lease renewals If a lease has ended or is coming to an end within three to four years, new opportunities arise for both Tenants and Landlords to consider whether they wish to agree terms for a new lease. During this period, a number of issues are often highlighted for negotiation such as lease length, the inclusion of break clauses detailed terms such as service charge provision and of course most importantly the level of the rent. By sourcing local comparable evidence and potential alternative premises along with the various financial incentives being offered, Cedar Dean is able to negotiate the most competitive lease renewal packages for its Tenant clients. Through the process of experienced negotiation, Cedar Dean endeavours to achieve a mixture of the following financial incentives: Lease re-gearing to suit business needs Reductions in passing rent Capital contributions for tenants looking to carry out refurbishments Rent free periods

7 insolvency advice In the current economic climate, insolvencies have become a routine part of the business environment. Cedar Dean works with a number of insolvency practitioners, banks and corporate recovery teams, providing invaluable assistance to Tenants on how best to deal with their leasehold portfolio togewther with wider strategic advice. Dealing with insolvency is a particularly challenging time for any business, however, it does provide an opportunity to identify and mitigate problematic leasehold properties with rents that are simply not viable. On behalf of the Tenant, Cedar Dean uses their specialist expertise to create bespoke solutions to resolve debt problems and conflicts with Landlords. agency Cedar Dean s agency department works predominantly within the retail and leisure sectors providing advice to Tenants on the following services: Strategic lease surrenders Assignments to other tenants Change of use and re-letting Subletting Assisting closures We strive to fulfill our clients needs by sourcing the best locations and considerably reducing their property costs. We deliver results using our vast knowledge of the market, a strong base of industry contacts and the ability to deliver unique off-market transactions. Due to the leases they restructured and the rent they saved me, Cedar Dean single-handedly turned my business around. I would recommend them to any leaseholder across the UK. Amir Mashkoor, Subway London franchisee

8 Cedar Dean slashed our rent roll by 75% within the first 18 months. Without them, we simply couldn t have traded. Naresh Abrol, Internacionale

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10 about us Cedar Dean is an innovative, London-based company that specialises in providing advice for both Landlords and Tenants in the commercial property market. With a proven track record and a team of skilled property professionals, Cedar Dean is leading the way as the UK s top commercial property restructuring specialists. Cedar Dean have been excellent advisors to our firm in assisting with specific properties that needed lease restructuring. Working with each case individually, Cedar Dean sought the best results in an effective and timely manner John Leslie, Intertain Bars

11 contact us For a confidential discussion, to become a client or simply to learn more about the Rent Reform service, get in touch with us: West End Office 17 Cavendish Square London W1G 0PH t: f: e: info@cedardean.com w: cedardean.com North London Office Cedars House Golders Green Rd. London NW11 8HB