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

Asset Management

Investment

Lease Advisory

Service

Retail & Leisure

Industry

Adam De Acetis

Adam de Acetis

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.

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