Track record
Proactive cost mitigation for a national retailer
Private Client
Delivered cost mitigation for a portfolio of circa 500 UK retail outlets
Property Management
Strategic Asset Management
Investment
Lease Advisory
Service
Retail & Leisure
Industry
The project
Rapleys delivered cost mitigation for a portfolio of circa 500 UK retail outlets with a total service charge liability of £20m. Our objectives were to mitigate property overhead and to identify and manage statutory liability and risk.
Our solution
- Complete data audit providing a clear understanding of occupational cost liability
- Detailed review of occupier costs including benchmarking based on location and property specification, alongside initiative-taking engagement with landlords and agents resulting in an annual saving of circa £3m
- Full review of leases and occupier liabilities, identifying and controlling statutory obligations for both landlord and occupier, minimising corporate risk
- Implementation of a cyclical robust process to review all the above on an on-going basis.