The Offer

A CENTURY OF
COMBINED LEASE DISPOSAL SPECIALIST EXPERIENCE

Lease disposal is a unique dimension in property management that many claim to do, but don’t. We are a team of entirely dedicated specialists not to be found elsewhere, with combined experience of more than 100 years.

UTILISATION OF
PROPRIETARY LEASE DISPOSAL METHODS

Our years of experience and focus have provided us with structured templates for approaching all kinds of property in all kinds of situations. Our solutions range from straightforward surrenders to highly creative and complex answers for more problematic properties.

TAILORED
FLEXIBLE LIABILITY PRICING

All portfolios are different and each one may require special pricing. We can do this for long leaseholds, for very short leaseholds with specific dilapidation requirements, and for everything in between.

OUTSOURCING AND
RISK TRANSFER OPTIONS

According to your needs, we can provide a full corporate transfer, partial risk transfer, or simply a “super-managing agent” agreement.

What our counterparties and clients say:

"This transaction is the fourth major leasehold liability transfer in the past 18 months and demonstrates how the market is continuing to mature. We are now seeing unprecedented levels of activity and expect further portfolios from both public and private sector occupiers to come to the market during the course of this year." Kevin Vickers, Partner, Cushman & Wakefield

"The sale of Rentokil's surplus leasehold liabilities was an innovative transaction. Passing cash and some £35 million of long term liabilities over to a 3rd party was heavy with risk, and in these circumstances we were acutely aware that success could only be judged over the medium term. The project is all about delivering hard won surrenders, sub-lettings and dilapidation claims. The testament to the skills of SPS is that 90% of the liabilities have already been extinguished." Robert Bailey, In-sourced Property Director, Rentokil.

rentokil

"Reported (surplus) property provisions total £4 billion, which represents almost 9% of the total provision reported by (the top 200 companies in the FTSE Index). For those reporting a property provision this equates to 0.5% of turnover..." GVA Grimley, “The Impact of Property on UK Business”, Spring 2008

"Above all SPS provide insight and understanding to the somewhat arcane world of leasehold liabilities and other property related issues as well as offering solutions that have enabled us to transfer risk on a cost effective basis. I would strongly recommend their services to anyone trying to deal with the complicated or difficult liabilities." James Scott, Managing Director, RBS Equity Finance.

rbs

"This deal with SPS has, in a single transaction, enabled us to refocus our resources on our operational estate. We found SPS had exactly the right approach and experience to do the deal." Andrew Thexton-Pee, Senior Estates Surveyor, Carillion Plc

carillion

"This deal enables our Estates team to focus on our sizeable store portfolio where we are continually striving to deliver a great retail experience for our customers. We can now do this in the knowledge that the experts at SPS are aligned with our interest of driving redundant property costs out of our business." Charles McKendrick, Head of Asset Management, Morrisons Plc

morrisons