Alder King are property advisors to Warrens Bakery Ltd in respect of its portfolio of over 50 prominent retail properties in Cornwall, Devon and Somerset.
Over an 18 month period, Alder King undertook a targeted programme of negotiating re-geared and re-structured leases with Warrens Bakery’s landlords. This delivered significant savings for Warrens Bakery through re-based rents and other incentives, including rent free periods, while providing greater security for landlords with extended and renewed leases benefiting all parties.
In addition to lease advisory work, Alder King has provided Warrens with acquisition and disposal, dilapidation and general consultancy advice.
Alder King’s work has coincided with a very positive restructure of Warrens Bakery and the appointment of an extended board.
Alder King has played a key role in the stabilising of our leasehold estate and has a professional and businesslike approach which has enabled us to work well together to achieve fair commercial results.”
Nick Straw, Property Director, Warrens Bakery