The Property team at CAPA is fast approaching a 30% rent saving for American Golf, the specialist sports retailer, after negotiating with landlords to agree new lease terms.
The team have also secured shorter, more palatable leases, and are 90% of the way through transferring 120 stores from the previous company, which is in administration, to the new company owned by turnaround investor Endless.
CAPA was initially retained by Endless to negotiate with American Golf’s landlords in 2018, after Endless purchased the retailer from administrators at Deloitte.
The retailer’s estate comprises a mixture of on-course stores, retail park locations and standalone A-road sites.
CAPA has also recently been negotiating with landlords of properties occupied by other household-name retailers, such as Karen Millen, Go Mobile and Crabtree & Evelyn, to secure new lease terms.
