Optimization of real estate expenses through an audit

Reduce the effort rate through early renegotiation of leases:

• Review of real estate commitments (contractual and accounting) plus market analysis (attractiveness, ERV…)
• Renegotiation of lease renewals to sustain the client’s business.

Key figures

• 3 stores, 210 m² in total ≈€100K/rent
• Renewal on 2 POS €44K savings over the firm period (4 and 6 years)
• Refund of overpaid amounts by landlord €11K

Mission timeline

• Phase 1: Document collection and interviews
• Phase 2: Studies (ERV, effort rate, shopping center attractiveness, Covid rent cap)
• Phase 3: Strategy presentation
• Phase 4: Renegotiation of financial and contractual terms

Our added value and results achieved

• Market studies covering 3 regional shopping centers (attractiveness, footfall, works).
• Identification of irregularities in charges, claims.
• Verification of the validity of key data regarding points of sale (effective date, exit options, lease expiry, indexation clause, charges, etc.)
• Eligibility for the Covid rent cap scheme, recovery and rent adjustment.
• Negotiation with landlords of improperly billed amounts (approach and validation of implementation by the client).
• Renegotiation of economic contract terms favorable to the business through early lease renewal.
• €55K total savings achieved