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Clearlet

As part of our commitment to clear, open collaboration we've created Clearlet, the UK's first truly customer-focussed lease. As its name implies, Clearlet is written in plain English, not impenetrable jargon. And because the Clearlet lease is completely consistent across our entire retail portfolio, it means an end to individually negotiated deals and their associated legal fees, saving time and money for all concerned.

Clearlet is the result of detailed consultation with several of our key UK retail customers and the leading property law firms. A key aspect of Clearlet is its ability to change with the times - as the market develops, so will Clearlet. Needless to say, any amendments will be rigorously reviewed by our property directors, key customer panel and legal team.

Key features of Clearlet:·

Provisions for deemed consent covering alterations, assignment and underletting
Options for inclusive service charges
A partnership approach to sustainability and the sharing of energy performance data
Includes common retailer amendments to our standard lease
Fully compliant with the Lease Code and Service Charge Code

If you'd like to know more about how Clearlet could help you please call Clive Ashcroft, our Head of Legal Services, on 020 7024 5257.

Clearlet brochure

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A1 Magazine Spring 2012

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Case study

Richard Akers - Property Influencer interview

Cabot Circus : BristolCabot Circus is an exceptional retail environment featuring over 120 shops and 20 restaurants and cafés.

Gunwharf Quays : PortsmouthGunwharf Quays is the centrepiece of the renaissance of Portsmouth Harbour, a landmark scheme that re-launched the city.

St David's : CardiffSt David’s Dewi Sant is the retail heart of the city of Cardiff. The centre is anchored by the largest John Lewis store outside of London.

Westwood Cross Retail Park : ThanetWestwood Cross provides a vast array of retail, leisure and dining to the north east Kent population.

Lakeside Retail Park : West ThurrockLakeside Retail Park offers consumers a variety of retail including homewares, family goods, electrical goods and cafes.

Greyhound Retail Park : ChesterGreyhound Retail Park offers an attractive mix of predominantly homewares and leisure retailers including the first John Lewis at Home in the north of England.

185-221 Buchanan Street : GlasgowThe new Buchanan Street development will sit strategically opposite the highly successful Buchanan Galleries, also owned by Land Securities. Buchanan Street will offer over 115,000 sq ft across 9 shops and stores and is perfectly positioned to draw on the high level of footfall in the area.

Trinity Leeds : LeedsTrinity Leeds will be the most important city-centre development of recent times. Due to open in Spring 2013 the 1 million sq ft scheme will improve the city's core retail offer by bringing together the best of the UK high street, aspiring brands and international retailers.

Clearlet

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