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Davis Coffer Lyons

Development & London Estates Leasing

Davis Coffer Lyons’ Development Leasing and London Estates team is the most trusted and highly-regarded team in the industry for advising landlords and developers on the eating drinking and leisure content of their schemes. The team advises on projects ranging from comprehensive regeneration, to shiny new developments and asset management, both in the UK and globally.

Our extensive knowledge draws on 40 years’ experience, and spans from advising on new shopping centres, the London Estates, mixed-use leisure schemes and urban regeneration projects. We help clients to create an identity within any one area or development through eating, drinking and grazing offers, from the West End’s many urban villages, to Europe’s largest urban shopping centres, international airports and rail hubs, and listed and heritage sites across Britain. We also carry out reviews and audits of the food & beverage and leisure elements of major portfolios.

We work with both national and international brands, together with the most vibrant and promising start-ups and independents, speciality food retailers and market traders, mobile operators and pop-ups, to marry them with the right development projects.

Every landlord would like a USP - food can provide that – it’s emotive and always raises comment. As such it drives huge PR value and is a sure way of harnessing social networking as a means of raising awareness of property holdings.

The extent of eating, drinking and ‘grazing’ facilities has increased dramatically in percentage terms within developments in recent years - leisure accounts now accounts for nearly 20% of the space in many retail-led schemes (Food and beverage alone makes up between 7-9.5% up from 2-3% just a few years ago). As developers become increasingly responsive to eating, drinking and entertainment as a vital ingredient for their projects and its attraction to other users, so too does their need for reliable, leading advice based on exceptional market knowledge and unrivalled expertise.

Our advice extends to:

  • Optimum unit sizes and layout arrangement for operators
  • Flexibility to future proof ever-changing consumer demand
  • Encouraging operators to consider different trading formats to suit landlords’ requirements Implication of liquor licensing and capacity considerations
  • Benefit and impact of external seating, and leasing/licensing arrangement
  • Tenant mix; providing an evolving wish-list of operators throughout the development programme
  • Changes in leasing structures, lease covenants and differing methods of remuneration including turnover participation
  • Ongoing asset management, identifying dated and flagging brands, introducing new blood Acting as an advisory service on those concepts with scalability and appetite for expansion throughout any one portfolio
  • A1 food operators and trading formats, creating food destinations where there are limited A3 consents due to the stance of local authorities
  • Consultancy for food trends and tracking new concepts
  • Pop-ups’ PR value

The Development & London Estates Leasing Team:

Tracey Photo
Tracey Mills

Executive Director
020 7299 0744
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Lottie Photo
Lottie Newman

Associate Director
020 7299 0743
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