Due to the pandemic many companies are seeking to decrease the amount of space they use at their many sites. We have created a hybrid response taking on leasehold liabilities where occupiers would like to remain in situ but with a reduced footprint.
WHAT WE DO
You give us your retail, office and industrial lease liability problems and we resolve them. We focus solely on reducing the portfolio liability at an economically sensible cost through a combination of different strategies including:
- company structure reorganisation
- lease surrender or assignments
- re-gearing leases and lettings
- asset purchase
- rates mitigation
- focused low cost property management
- leveraging our extensive property network
HOW WE DO IT
Our senior team of financial, commercial and corporate occupier experts has a long track record of lease disposal and is supported by an extensive countrywide network of the best legal, surveying, dilapidations and property marketing specialists in the UK.
We are highly experienced at finding creative solutions to difficult property problems, dealing with complex legal issues and managing the financial complexities of property portfolios – regardless of their size.
We also use our own in-house team for building works enabling lower-cost dilapidation results as well as lower maintenance and marketing costs.
PRICING AND TRANSFERING THE LIABILITY
All portfolios are different and each one requires specific pricing. We can do this for long leaseholds, very short leaseholds with specific dilapidation requirements and for everything in between.
According to your needs, we can provide a full corporate transfer, partial risk transfer, or simply a “super-managing agent” agreement.
WHY THIS WORKS FOR YOU
By outsourcing the liability to SPS not only do you reduce the risk to your business but your in-house property team can focus on core operational properties rather than the difficult and time consuming management of unwanted properties. Also, working with us will cost your business less than it would to do the job yourselves.
By removing unwanted leases we help you improve your bottom line, release provisions and clean up your balance sheet. In many cases we can help you streamline your entity structure. We can do all of this well because we are specialists. Lease disposal is all we do.
The testament to the skills of SPS is that 90% of the liabilities have already been extinguished.Robert Bailey
This deal with SPS has, in a single transaction, enabled us to refocus our resources on our operational estate.Andrew Thexton-Pee
The experts at SPS are aligned with our interest of driving redundant property costs out of our business.Charles McKendrick
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