Our Track Record

Bradford
Wolverhampton
London
East Grinstead
SPS London
SPS Glasgow
Dunstable
Milton Keynes
Eastleigh

Bradford

Morrisons Plc
Transaction completed in February 2012
Multi-million pound transfer of 28 non-operational retail, office and industrial leases

Wolverhampton

Carillion Plc
Transaction completed in November 2011
Nationwide portfolio of office leases of over 330,000 square feet

London

RBS Equity Finance portfolio company
Corporate Transaction completed December 2010
Liabilities of £14million
Portfolio Completed

East Grinstead

Rentokil-Initial Plc
Corporate Transaction completed in August 2006
89 industrial and office leases
Over 1.3million square feet of surplus property
Portfolio Completed

SPS London

53 Welbeck Street
London, W1G 9XR
Telephone: 0203 322 8898
Fax: 01355 235 781

SPS Glasgow

3C Orbital Court, Peel Park
East Kilbride, G74 5PH
Telephone: 01355 271 006
Fax: 01355 271 006

Milton Keynes

Transaction completed January 2014.
Liability transfer of 59 high street
retail units across Great Britain and Ireland

Dunstable

Whitbread Plc
Transaction completed in September 2015.
Liability transfer of 16 leisure units.

Eastleigh

B&Q Plc
Transaction completed in April 2016.
Large portfolio of out-of-town retail sites.

SPS has managed and/or disposed of over 7 million square feet of industrial, commercial and retail property across Great Britain.

Please click the icons for more information on the transactions.

What our counterparties and clients say:

"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

"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

"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

"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

"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