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Analysis & numbers

Lease & Cost Analysis.What does a lease really cost?

Headline rent alone says little about the economic quality of a lease. We look at the entire cash flow – lease, service charges and term – and make scenarios economically comparable.

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01

Lease Advisory

Leases are one of the most important economic instruments of a retail property.

We support you with:

  • lease renewals
  • renegotiation of existing leases
  • rent reductions
  • restructurings
  • early lease terminations
  • exercising options
  • stepped rent agreements
  • indexation clauses
  • rent-free periods
  • fit-out contributions
  • investment agreements
  • special termination rights
  • exclusivity clauses
  • space adjustments

We never look at an individual clause in isolation.

What matters is the overall economic effect of the lease.

04

Commercial Due Diligence

What does a lease really cost?

Headline rent alone says little about the economic quality of a lease.

We look at the entire cash flow.

This includes, for example:

  • Base rent
  • Rent steps
  • Indexation
  • Rent-free periods
  • Incentives
  • Fit-out contributions
  • Refurbishment costs
  • Reinstatement costs
  • Service charges
  • Lease term
  • Option rights
  • Vacancy risk

This makes it possible to compare different lease and letting scenarios on an economic basis.

Analysis & numbers

LEASE.LOCATION.OPERATOR.ECONOMICS.

05

Operating Cost Review

Service charges are increasingly becoming a second rent.

Energy, centre operations, security, cleaning, technical installations, marketing and numerous other cost items have changed considerably in many properties.

We analyse service charge statements and their development over several years.

In particular, we look at:

  • Cost increases
  • Allocation keys
  • Allocation areas
  • Consumption costs
  • Vacancy effects
  • Technical costs
  • Energy
  • Heating
  • Cooling
  • Ventilation
  • Centre management costs
  • Marketing associations

The aim is not a blanket objection to a statement.

The aim is transparency.

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04 Services

All services

Want to know which economic options actually exist?

We analyse the lease, service charges and scenarios – fact-based, economic, solution-oriented.

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