IAS37 Single Property Assessment

Client:

Financial Services

Brief:

To undertake a review of the provision of a surplus leasehold liability property.

Services requested

> Review the provision that client had made on a large complex surplus property.
> To identify any issues that need to be addressed.

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Break Clause Management

Client:

Surplus property solutions provider

Brief:

To monitor the sub-tenant’s break clause and determine whether the break had been properly exercised.

Services requested

> Review the lease and compliance issues for the break.
> Monitor the sub-tenant’s works.
> Act as project manager on the case.

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Strategic Review and Acquisition

Client:

Charity

Brief:

Instigate search for new offices in Central London

Services requested

> Commence search for space
> Work with solicitors to document
> Start of project to operating in the building 5 months

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Portfolio Strategy and Lease Restructuring

Client:

Private Equity backed software firm

Brief:

To review the property portfolio and produce a strategy for the business for the next five years in respect of their property occupation

Services requested

Provide a report on options for the business with regards to the portfolio

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Lease Restructure

Client:

Food retailer

Brief:

To manage out and dispose of a long leasehold liability part vacant and part sublet to two poor covenants.

Services Requested:

The property had over 50 years remaining at a full rack rent, with sub-leases expiring in two years.

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Long Leasehold Liability Disposal

Client:

Food retailer

Brief:

To mitigate cost and risk of a long leasehold property, which was over-rented and in poor condition.

Service requested:

To manage out the liability of a property with a failing tenant.

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Surplus Leasehold Liability Disposal

Client:

Financial Services firm

Brief:

To dispose of a surplus leasehold property which comprised ground, first and second floors.

Services requested:

To mitigate risk and minimise cost of surplus retail property in Newcastle with five years remaining.

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The British Property Federation

The British Property Federation

The British Property Federation have commented on the governments announcement on no relief for vacant properties being refurbished (www.costar.co.uk/en/assets/news/2013/September/Government-denies-rates-relief/). It is a missed opportunity to assist landlords and...

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FT.com coverage

FT.com coverage

FT.com coverage – CORE have been working in association with Henley Business School on research in to the Surplus Lease problem for British Business. The Financial Times have provided initial coverage of the work, undertaken in association with our client, Surplus...

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The new Exposure Draft on Leases

The new Exposure Draft on Leases

The new Exposure Draft on Leases by the International Accounting Standards Board (IASB) and US Financial Accounting Standards Board (FASB) (www.ifrs.org/Current-Projects/IASB-Projects/Leases/Exposure-Draft-May-2013/Pages/ED-and-comment-letters.aspx) was issued in May...

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Latest News5

Latest News5

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Latest News4

Latest News4

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Malesuada pellentesque elit eget gravida cum sociis natoque. Dolor magna eget est lorem. In hac habitasse platea dictumst vestibulum rhoncus est...

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About Us

CORE Consult delivers holistic solutions to Corporate Occupiers for their Real Estate needs. Our focus is on the Occupier and solving their needs and problems for operational and surplus space.

Location

Main Office:
69 Derwent Drive, Maidenhead, SL6 6LE

London Office:
53 Welbeck Street, London, W1G 9XR

gec@core-consult.co.uk

01628 782639