RICHARD’S ROLE & EXPERIENCE

Richard Bourchier joined the Tower Hamlets Valuation Office in 1987 and Allsop in 1989, soon after becoming a Chartered Surveyor.  He continued to undertake a large rating case load for clients of Allsop. He has had the overall responsibility for the Lease Advisory and Business Rates team.

Richard takes a particular interest in undertaking challenging landlord and tenant negotiations relating to rent reviews, lease renewals or dilapidations. His particular skill is in understanding complex lease clauses and knowing how they can be used to negotiate the most favourable outcomes for his clients.

He is used to undertaking large high profile cases. An example would be dealing with probably one of the largest rent reviews in the country on Embankment Place above Charing Cross Station. He was Expert Witness in the successful 5 day arbitration oral hearing in which he was cross examined by Queen’s Counsel. He predominantly undertakes negotiations on offices in Central London, but also retail industrial (including ground rent reviews) and regularly takes cases to third party determination.

RELEVANT EXPERTISE / SPECIALISM

  • Rent Review negotiations
  • Lease renewal negotiations
  • Lease Re-gears
  • Dilapidations negotiations
  • All other landlord and tenant related negotiations including strategic development advice
  • Experience in negotiating rating assessments

RECENT PROJECTS / ASSIGNMENTS

  • Advising Sony Music on Rating on its 90,000 sqft head office
  • Rent review of a 60,000 sqft warehouse in Bristol
  • Head lease rent review negotiations for Schroders on 60,000 sqft in the West End of London
  • Landlord and Tenant development negotiations in West London
  • 20,000 sqft office Lease Renewal in West End of London
  • Dilapidations negotiations for landlord on Student Halls of Residence
  • 80,000 sqft office lease re-gear in Soho London
  • Basement nightclub rent review in Soho London
  • Restaurant rent reviews in Mayfair London
  • 95,000 sqft office rent review in Kensington London
  • Appealing and negotiating rating assessment for landlord client on 20,000 sqft empty office building

KEY CLIENT RELATIONSHIPS

  • Columbia Pictures
  • Sony Computer Interactive Europe Limited (Playstation)
  • Corporation of London
  • Schroders
  • CBRE Global Investors
  • Institute & Faculty of Actuaries
  • Annington Homes

PROFESSIONAL AFFILIATIONS

Richard has developed a specialism in his field of Lease Consultancy recognised by the RICS. He was appointed, for several years, to be on the RICS’s Dispute Resolution Policy Committee advising the President of the RICS in this area. This was further recognised by the RICS when he was asked to undertake the RICS training and passed the selection process to be appointed by the President of the RICS as Arbitrator and Independent Expert on landlord and tenant disputes. He is regularly receiving appointments from the President.

  • Member of the Royal Institution of Chartered Surveyors
  • Arbitrator on the President of the RICS’ Panel of Arbitrators
  • Independent Expert on the President of the RICS’ Panel of Independent Experts

GETTING TO KNOW RICHARD

FAVOURITE SPORT/TEAM: CYCLING

FAVOURITE FILM: BABY DRIVER

FAVOURITE BOOK: THE KITE RUNNER

FAVOURITE HOLIDAY DESTINATION: CORNWALL

FAVOURITE FOOD: LEFTOVERS FROM SUNDAY DINNER

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