Track record
CarVal Investors & Quadrant Estates – Investment Portfolio Acquisition, Sale & Leaseback
National Agency
Service
Retail & Leisure
Industry
Dan Kent
The project
Portfolio Acquisition, regears and investment disposals.
Rapleys Retail team have worked with CarVal Investors and Quadrant Estates since 2018 to undertake all due diligence regarding the individual properties as part of the portfolio acquisition.
The portfolio consisted of 312 retail sale and leaseback assets let to Walgreens Boots Alliance across the UK with a rent role of circa £19 million and a total value of £300 million.
Partner – Head of Retail
Dan Kent
The portfolio was unusually held under one master lease and the team assisted the buyer in the commercial break up of the portfolio
Our solution
- The portfolio was unusually held under one master lease, and the team assisted the buyer in the commercial break up of the portfolio including:
- The sale of 38 of the non-Boots occupied assets;
- Advised on the re-gears of over 100 stores;
- Advised on over 50 lease renewals;
- Reviewed redevelopment angles on several stores;
- Reviewed the potential for residential conversion.
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Key contacts
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Our track record
1 James Street, London
Rapleys was appointed by Annington Property Limited to assist with their exit from office premises at 1 James Street, London and relocate to new premises.
Stadium Holdings Ltd
1 Olympic Way, Wembley
Neighbourly Matters advice for a 7-storey extension to provide student accommodation
100% stock condition survey for Stockport Homes
Provision of 100% stock condition survey of 12,000 home residential portfolio
104-106 East Street, Southampton
Delivery of commercial and market-led viability advice to support the successful completion of a stalled development.
Yorkshire Housing
12,000 Stock Condition Surveys – Yorkshire Housing
Appointed by Yorkshire Housing via the Fusion21 Framework to complete 12,000 stock condition surveys over a 3-year period
Private Client
33 Beach Road West, Portishead, Bristol
Acting for the Building Owner to enable the redevelopment of a dilapidated residential site
37-42 Tenby Street and 30-31 Albion Street, Birmingham
Expert Party Wall advice to protect adjoining owners’ interests
40 Bruton Street, London
Rapleys was appointed by Magni Partners Limited to assist with their exit from office premises at 40 Bruton Street, London.
71 Park Street, Bristol
Expert advice to enable the redevelopment of an end of terrace property to deliver student accommodation
Kruton No. 2
9-12 Middle Street, Brighton
Appointed as Employer’s Agent on new build commercial project.