CAPA is accelerating negotiations with landlords of properties occupied by Go Mobile, the smartphone retailer, to rebase rents and secure consensual exits on leases.
CAPA’s Property team is now on track to agree consensual exits on 20 leases and a rebase of rents on a further 32 across the estate.
To date, the average surrender penalty paid to landlords has been three months’ rent, which includes dilapidations and landlords’ costs.
CAPA has also secured consensual exits on leases, critical rent savings and new lease terms, for many other retailers with large estates including Karen Millen and Crabtree & Evelyn.
