Experience, insight & commitment - delivering for Clients
Malvern...
...Investment acquisition, strategic management & critical follow-through
Sourcing & acquisition of a Leisure/Retail investment in an attractive townscape & noted regional setting.
The latest acquisition for a retained Client in the development of a high-quality, UK-wide portfolio where lot sizes are generally in the region of £1.5m.
The Malvern purchase depended upon resolution of a number of complications; including additional work & negotiations in order to separate the commercial investment from 8 residential flats to the first floor which threatened to burden the property with title, access & management issues.
Hyatt on Property ultimately devised, with Solicitors, innovative measures to ensure a “clear” lease arrangement & no management issues.
The purchase was concluded at satisfactory levels of yield after costs, with a lease to occupiers of a 25-year term.
Hyatt on Property are retained for ongoing services at this & all other properties in the Client’s UK portfolio.
Results on the project demonstrate how Hyatt on Property will identify innovative actions to unlock difficulties on a property to Client advantage & can follow through to effective conclusion.
Reflecting the difficulties for businesses operating on UK high streets, the national tenant Company applied for & achieved a Creditors’ Voluntary Arrangement (CVA).
Bob Hyatt handled actions at all stages of the CVA process, negotiated & agreed a restoration of rental terms & has since, with Solicitors, acted beyond an Administration to create new agreements with alternate parties on advantageous terms.
