Trustee Exchange 2012
22 Feb 2012
Reducing the cost of rented property
Tags: Finance for trustees | Property
Yonni Abramson
Yonni is a partner at Third Sector Property, a leading professional property practice working exclusively for charities. Having worked for a major UK landlord Yonni has become a skilled negotiator of leases gaining an expert understanding of the rental process and requirements of both tenant and landlord.
During his tenure in the industry he has worked on over 4 million sq ft of retail development with a rent roll upwards of £80 million. He has worked and continues to support several charities which give him an intimate understanding of the sector and the commercial aspects of charities.
Previously he worked as retail manager at Modus Properties where he was leader of high street negotiations.
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Yonni Abramson explains why it is now a good time to renegotiate rents and reduce overheads.
Yonni Abramson explains how to make your charity more cost-efficient by rental restructuring History teaches us that declines in charitable donations lag any collapse in the broader economy by at least 12 months. On this basis, therefore, sector finances are likely to reach their nadir next summer. Charities that use current economic trends as a bellwether for their own financial projections can act now to future-proof their finances. Overheads are an excellent start point and it is now possible to significantly reduce rents, even mid-lease, with the right approach and advice.
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