Fuller Peiser - Retail Appointment - £140 Million Portfolio

Date: 17 Jul 2002

Boots Properties has appointed Fuller Peiser to provide business rates advice on its 1,400 store portfolio in England and Wales. The portfolio has a combined Rateable Value in excess of £140 million.

The appointment follows Boots Properties’ restructuring in 2001 and an initial appointment in 2001 for Fuller Peiser to advise on all properties with a rateable value in excess of £250,000 RV including its 350,000 sq m. (3.75m sq.ft) headquarters’ campus in Nottingham.

Joe Simon at Boots comments: “We are extremely pleased to be extending our existing relationship with Fuller Peiser that has demonstrated an ability to work in partnership with us, has been forward-thinking in its approach and has developed an understanding of our business environment.”

David Stathers, Boots Head of Policy Development, comments : “From the outset Fuller Peiser demonstrated alignment to our thinking and showed, by example of their past performance, how they were able to assist in the delivery of our business objectives.

“Boots has pioneered the need for more transparency in the field of rating and continues to be committed to supporting the Valuation Office Agency’s (VOA) strategy of producing accurate valuations. Working in this new partnership with Fuller Peiser will enable us to move forward faster in the delivery of our strategic agenda.”

Paul Danks, Head of Market and Services at Fuller Peiser, comments : “We have enjoyed developing a close partnership with the Boots team, both in respect of the delivery of financial savings and in continuing their “pioneering” work within their market sector and with the VOA. The appointment represents a further major success for the practice and our national retail and leisure sector team”.

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