A new way of thinking
Series: Accountancy ; 127(1289) January 2001, 106(1)Publication details: 2001Subject(s): Summary: Argues that companies should follow the Abbey National's example and adopt a new technique for structuring property portfolios that meets both the tenant's demand for flexibility and cost certainty and the landlord's need for long-term commitment. Aligning its portfolio with its corporate strategy has allowed the Abbey National to enter into a structured leaseback agreement with Mapeley Columbus that has realised £478m whilst removing its exposure to excess leasehold liability. Under the deal the Abbey National can vacate individual properties early or extend tenures with a that computes the additional flexibility as a percentage of rent when exercised.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS63483 (Browse shelf(Opens below)) | 1 | Available | 110383-1001 |
Argues that companies should follow the Abbey National's example and adopt a new technique for structuring property portfolios that meets both the tenant's demand for flexibility and cost certainty and the landlord's need for long-term commitment. Aligning its portfolio with its corporate strategy has allowed the Abbey National to enter into a structured leaseback agreement with Mapeley Columbus that has realised £478m whilst removing its exposure to excess leasehold liability. Under the deal the Abbey National can vacate individual properties early or extend tenures with a that computes the additional flexibility as a percentage of rent when exercised.