Yorktown Center’s Post

Rental is impacting every business, whether it’s retail, trading, or warehousing. In tier 4 cities, landlords are demanding rents of almost ₹20-50 per square foot, largely due to big brands that open stores and close them within 6-12 months because of underperformance. Retailers should focus on rental policies as the only way to sustain their businesses. #Business #Sales #Retail #Distribution #Trading #Rental

Charterhouse Sells Grab & Go Retail At Milton Keynes Train Station:   Charterhouse Property Group is pleased to announce the sale of the ground floor retail at Station House, Milton Keynes.    Charterhouse Property Group acquired the parade in August 2019, recognising the potential let to grab-and-go F&B operators into several vacant and short-let units. The site comprised a parade of 10 retail units to either side of the main entrance of Milton Keynes train station.   Soon after, with the arrival of COVID-19, there followed a tough period for travel retail. However, the strength of the location meant that the asset management strategy survived the shock. During ownership, Charterhouse managed to regear all the existing major tenants (M&S, Costa, Subway) onto long leases. New leases with major tenants including Pret A Manger, Starbucks and Sainsbury’s (due to take occupation shortly) were entered into during the ownership.   Commenting on the deal Tom Hesp, Director, said:   “The macro environment has been pretty dire for the retail investment sector with the impact of COVID-19, interest rate rises, and the wider retail occupational market headwinds. However, the underlying quality of the location, driven by the c.8 million passengers that use the station annually, meant we were able to execute our asset management strategy, sell the asset at a modest positive return and outperform the sector. Whilst there are few fond memories of some of the more stressful moments of this deal, it demonstrates why a forensic focus on the strength of the location fundamentals on acquisition is so important. The property was uniquely positioned, surrounding the station entrance. The clear passenger data and the trajectory for passenger growth were vital in supporting our investment decision and our ability to attract retail tenants during our ownership.”   Charterhouse is seeking similar investment opportunities. So, if you have a proposition you would like to discuss please get in touch at mail@charterh.co.uk   #retail #grabandgo #transporthubanchored #propertyinvestment

One thing is for sure.....the C-Store industry is never dull!! Canada's largest independent fuel retailer and second-largest convenience store operator with 1,860 stores nationwide, Parkland Corporation, has announced they are selling 157 stores! The strategic plan is centered around divesting $500 million worth of assets. According to Francis Lapointe, Vice President of Canadian Retail Operations, these stores no longer align with the company’s long-term objectives. This decision, a part of Parkland’s ongoing network optimization process, was confirmed during their recent fourth-quarter earnings call by Espey, highlighting a shift in operating models to release capital. The stores will be sold to dealers who will maintain the business and continue to sell branded products, packaged with long-term fuel supply agreements. #Parkland #BusinessStrategy #FuelRetailing

How can small diverse start up FSR & QSR companies secure leases for 2nd and 3rd generation spaces that were previously occupied by national chains, when most building owners prefer to deal with national retailers? What strategies can be implemented to overcome this challenge and successfully get these landlords to take you seriously and negotiate lease agreements for these prime locations? Let’s talk about it!

Debt-fuelled sale & leasebacks are helping drive record levels of supermarket #property deals in 2023 led by Asda and Morrisons

CRE Fast Five: Strategies for Expediting Retail Lease Negotiations Join Ellen Sinreich, Principal at The Sinreich Group, and I as we discuss landlord strategies for expediting retail lease negotiations. Listen in as Ellen shares insights into modernizing your lease form, the importance of defining the as-is clause, licensing and franchise agreements and more. Check out the full episode 👇 https://lnkd.in/ey6P3-JH Watch. Learn. Excel. #iaconocre #karlyiacono #crefastfive #commercialrealestate #cre #retail #retailrealestate #leasing #landlord #tenant #topretailexperts #icsc

Retail owners! It is very rare that Tenants start paying rent as soon as they get their keys. They have buildouts, need to order materials, get things organized, etc. In the Lease, I write the Rent Commencement Date shall be: Upon the earlier of (i) ninety days after the deliver of the Leases Premises to Tenant or (II) when Tenant opens for business in the Leased Premises. This helps the Tenant by giving them time to open, and covers the Landlord that they will not be in a position that Tenant is operating and they are not getting paid. There is a different date when the Lease started and when the Tenant starts paying rent. These are the little things that will help your team operate smoother. #leasingattorney

Leasing 101: Free Rent Experienced CRE brokers factor many variables in negotiating Free Rent... What are some of your favs?

Me to client “Sorry we are overseas at the moment “. But to fully explain to the landlord why the rent is out of whack; Gem Lease Analytics report can be done in just 1.5 hrs. It is a no brainer. Go to our case studies; what is the reasonable rent for one retail lease? I am tired of explaining it. We have had excellent Peer Reviews by Colleagues Lease1.au Wayne Nosenzo Ross Elliott Richard Lord etc etc and for the bulk of Australian Retailers who urgently need rent relief retail experts need to put these businesses ahead of themselves. Time to #innovate Australia

WSJ: For Retailers, Business Is Back and Landlords Say No More Rent Discounts Landlords’ increasing leverage is sign of retail real estate’s recent strength #malls #mall #stripcenter #stripmall #retail #retailrealestate #commercialproperty #commercialrealestate #stores #capitalmarkets  #landlords #leasing #expertwitness #appraisers Unlocked article follows: https://archive.is/D0fmr