Consultancy

On the recommendation of Pegasus Planning Consultants Fleurets were instructed by Box Property Group Limited to provide a written Expert Report addressing the ongoing economic viability of a closed public house where a planning application for change of use to a convenience store and residential development had been refused. The refusal was appealed and planning permission granted.

Consultancy advice and written Expert Report provided to Woodbourne Homes to support a planning application for residential development. Our work included the provision of an Expert Report addressing the ongoing economic viability of the public house and the review of reports submitted on behalf of both a local community group and the Local Authority. Planning permission granted.

Provided valuation advice in connection with the acquisition of this 18 bedroom Georgian Hotel located in the Cotswolds.

Following the Administration of Las Iguanas Fleurets provided strategic advice to the Landlord that led to the reletting of a fitted unit in the middle of the pandemic to Wagu Steak restaurant operator Shoot The Bull.

East Hampshire District Council had received a planning application for conversion and development works of this closed public house to provide a bar/café and four residential dwellings. Fleurets were instructed to provide valuation advice to the Council to assist with their consideration of the planning application.

Fleurets acted on behalf of Westminster City Council advising on whether the property had been satisfactorily marketed and whether the pub remained viable, including reviewing the marketing report prepared by the applicant who was seeking change of use from public house to an art gallery and office. The upper floors had already been sold off and were being converted in to residential flats.

Fleurets acted on behalf of the developer and project manager to provide a planning viability report to assist with the proposed demolition and redevelopment of the pub and site for residential use. The pub was closed, boarded and in poor repair having been closed and marketed for several years without success. The applicant was successful in securing planning consent.

Fleurets advised the local authority as the owner of Blackwell Grange Hotel in Darlington, in respect of the rent review and possible lease restructuring on this Grade II listed 108 bedroom hotel.

Acting for Merton College, Fleurets undertook an appraisal of the tennant’s proposals to carry out major reconfiguration and extension works to the 154 bed Holiday Inn Oxford, involving the removal of the existing leisure facility to add 64 new letting bedrooms.

Fleurets provided rental advice and negotiation assistance to a private investor client in relation to the 105 bedroom Premier Inn Watford, successfully securing a materially increased rental income and agreeing long term restructured occupational lease arrangements.

Fleurets provided lease advisory services, including rental advice and negotiation assistance, to a private investor landlord client in relation to the 88 bedroom Premier Inn Barking.

Provided rental advice and negotiation support to the tenant in relation to this 35 bedroom luxury boutique hotel.

Following M7 Real Estate’s acquisition of The Mailbox and subsequent listing on the International Property Securities Exchange (ISPX) in May 2021, Fleurets were appointed to source new leisure and wellbeing tenants, to complement the existing tenant mix. The development boasts a waterside setting, with exciting plans to attract new occupiers to the scheme.

Acquisition advice to CBRE Global Investors in respect of a portfolio of 14 freehold public houses, in a deal of c.£19,000,000, let on the basis of new 125 year ground rent leases to Upham Group Plc.

Acquisition advice to CBRE Global Investors in respect of eight freehold public houses, in a deal of c.£5,000,000, on the basis of new 125 year ground rent lease let to Seafood Pub Company Ltd.

Following the acquisition of the Tavern portfolio by Tavern Propco, advised and managed by Davidson Kempner Capital Management and Global Mutual, Fleurets successfully forward sold 24 assets raising £68.2m.

Valuation advice to Aprirose in their acquisition of 45 pubs let to Spirit Pub Company, a circa £130m transaction. The vendor was British Land. The properties spanned the UK including: Brighton, Middlesbrough, Newcastle, Nottingham and Twickenham.

Fleurets acting on behalf of the purchaser and developer provided a planning viability report as evidence in support of a planning application for the demolition and permanent extinguishment of the public house use and development of a residential care and retirement home. The pub was closed and boarded and in disrepair at the time of the application. The applicant was successful in securing the desired planning consent.