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EE – UK-Wide Acquisition, Disposal, Lease Renewal and Rent Review Mandate

Client: EE
MMX Retail has acted for EE since 2007 and deals with all lease renewals, lease regears, rent reviews, dispute resolution and expert reports across the south of England. In 2019 the MMX Agency team was then appointed as sole adviser to EE on a nationwide basis to advise on all acquisitions and disposals.
EE

The Brief

The MMX Lease Advisory team has been involved with EE for more than 15 years. That alignment and knowledge of the estate ensures a blend of resources providing the EE Property Team with unrivalled experience and expertise.

In 2019 the MMX Agency team was appointed as sole adviser to EE on a nationwide basis to advise on all acquisitions and disposals.

The Result

We have consistently delivered solutions to achieve flexible leases at significantly reduced rents, frequently with incentives, thereby reducing EE's occupational costs. Througout the last two years we have rebased many rents or negotiated rent-free periods by removing or pushing out tenant break options.

With a mature portfolio of more than 400 stores, the brief was to ensure that the store portfolio was aligned with the customers of the future. Over the past three years new stores have been acquired in venues across the UK including Leeds, Bath, Glasgow, and Liverpool, as part of a consolidation exercise.

We selected MMX Retail as our national account agency on the back of their proven track record of delivery for our business and their evident experience in all phases of the property cycle.
Janet Peto
EE Estates Manager

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