000			01254cam a2200229 4500
001			ABS63483
008			000000n2001 000 0 eng u
035			_a(Sirsi) u110383
100			_aMcNamara, M.
245		2	_aA new way of thinking
260			_c2001
490			_aAccountancy _v127(1289) January 2001, 106(1)
520			_aArgues 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.
590			_aABS
650			_aPORTFOLIO MANAGEMENT
650			_aSTRUCTURED LEASEBACK AGREEMENTS
650			_aFLEXIBILITY
650			_aCOST CERTAINTY
690			_aPROPERTY MANAGEMENT-COMMERCIAL PROPERTY
700			_aVernham, P.
942			_n0
999			_c65807 _d65807