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Davis Coffer Lyons

Case Studies: Landlord & Tenant

  • Market/University Towns
    Over the recessionary period, popular university towns have continued to deliver rental growth to landlords. This has been driven by sustained demand from an increasing number of operators, particularly in the casual dining sector. Over this period, we have advised property owners and operators and negotiated rent reviews in many of these towns including Bath, Canterbury, St Albans, Oxford and Winchester, amongst others and we continue to represent clients in thses locations.
  • Mayfair
    The restaurant market in Mayfair is extremely healthy. Opportunities for new operators are sparse and demand is strong. This imbalance has caused rents to rise significantly. Our knowledge of the area and involvement with many of the market transactions enables our rent review team to be fully informed and provide accurate advice to our landlord and tenant clients. In recent years we have negotiated rent reviews and lease renewals in all of the key thoroughfares in Mayfair including Dover Street, Berkeley Street, Berkeley Square, Heddon Street and Lancashire Court, representing a broad mix of owners and occupiers.
  • Retail & Leisure Parks
    Casual dining is now an essential part of the retail experience in the UK and it is widely acknowledged that an alternative leisure mix leads to increased dwell time as well as an improved consumer experience. The expansion of casual dining restaurants into Out-of-Town Retail Parks began in earnest in around 2007 and has accelerated over the past two years. This is in spite of limited opportunities due to the lack of development of new schemes. Increasing numbers of operators are now seeking premises in these locations reflecting their desire to grow organically and capitalise on a change in customer habits; this increased demand faced with limited supply has created a climate for rental growth. Rent reviews are becoming more commonplace again in these locations and we have been actively negotiating rent reviews across the country in locations such as Castlegate Park, Dudley; Crosspoint, Coventry; Wyvern Retail Park, Derby; Enfield Leisure Park and Knights Park, Tunbridge Wells.
  • Soho
    The Soho district and its southern sub-section Chinatown has the highest concentration of bars and restaurants in Central London. It teems with tourists going to West End shows, media professionals, hungry diners and people looking to have a long night out at one (or several) of the areas clubs, bars and pubs. It is home to some of London’s best restaurants is the place to be seen for any food lover with an assortment of restaurants in every price bracket. For the past 25 years, we have had a major role in shaping rents throughout the district advising both property owners and occupiers and we have negotiated rent reviews in almost every street. Although the district has seen considerable growth in bar and restaurant rents over recent years, experience shows there are variations between sub areas and even streets.Our vast experience in the area enables us to provide both landlord and tenant clients with accurate advice and negotiate the best possible deals on their behalf.
  • South Bank
    Over the past 10 years, the South Bank of the River Thames in Central London has emerged as one of the Capital’s key bar and restaurant destinations. Buoyed by improvements to the Riverside Walkway, pedestrians can now easily access a wide range of tourist attractions from the South Bank Centre Festival Hall, Tate Modern, The Globe Theatre, Vinopolis, Borough Market, The Golden Hind, HMS Belfast, Tower Bridge and now The Shard, the tallest building in Western Europe. As the area established itself there has been a growing demand for space, which has generated substantial growth in bar and restaurant rents. These are now topping £50 per sq ft in most locations and somewhat higher in the very best positions. We have been active throughout the South Bank area negotiating rent reviews in More London, Hayes Galleria, Borough Market, New Globe Walk and Borough High Street; in one case achieving almost double the passing rent on behalf of a landlord client following an Arbitration Award.
  • Town Centre Leisure Schemes
    Town Centre Leisure Schemes have continued to provide opportunities for operators over recent years and deliver rental growth for landlords.Rents often out stripthose achievable in more traditional high street locations. We have been actively negotiating rent reviews for landlords in numerous city and town centre leisure schemes throughout the country including Gunwharf Quays, Portsmouth; Skydome, Coventry; Riverside, Norwich and the Printworks, Manchester. The rent review team has also provided valuation advice to numerous investors considering such schemes.
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