Rowley Hughes Thompson advise many of the country’s major shopping centre landlords with regard to their assets. Our service not only includes providing letting and marketing advice on vacant space but also active asset management in order to move forward the value of shopping centres.
The practice currently provides advice to shopping centre owners such as M&G, Standard Life, London & Associated Properties, AXA Reim, LCP, Orchard Street Investment Management, Walbrook Trustees, Glanmore, Helical Bar, Ellandi and Hammerson.
The practice adopts a proactive approach to shopping centre asset management, not only managing current voids, but also looking for opportunities to buy in existing leasehold interests from retailers and simultaneously re-letting on more beneficial terms for the landlord.
With regard to the letting of void units, Rowley Hughes Thompson provides advice to their clients regarding value and marketability. A comprehensive marketing strategy will be devised to suit the relevant circumstances for the premises and the client’s requirements. This includes, where appropriate, the erection of boards, the circulation of sales particulars to both local and national commercial agencies, dedicated mail shots to potential occupiers with requirements for the relevant location and property type and electronic marketing via our own website and www.shopproperty.co.uk.
Asset Management advice also includes recommendations on tenant mix and refurbishment/redevelopment opportunities.
Rowley Hughes Thompson maintains an up-to-date computer database detailing retailer requirements throughout the UK to which potential disposals can be matched. Our partners can provide a fast and efficient disposal service including advice on assignee or sub-lease covenant strength where appropriate.
For further information, please contact Jonathan Rowley, Ian Hughes, Barry Muggridge or Russell Power.