Our client looked to add further investment value to their portfolio of retail investments, by developing and regearing various leases. We advised on a bespoke deal with a leading supermarket chain, leading to them agreeing to cease trading and vacate one of their most profitable London stores whilst redevelopment work was carried out, and then enter a new lease at a significantly higher rent and for a longer term. The deal additionally unlocked for our client the potential for 10 residential units to let or sell, which all combined, nearly doubled the asset’s original value.
