Salvation Army Trading Company Expands Retail Portfolio With Sheffield Firm

Wake Smith Solicitors 12 July 2010

Wake Smith  is supporting an aggressive expansion programme across the UK for the retail division of Salvation Army Trading Company Ltd (SATCoL), the UK trading arm of The Salvation Army.

 Experts in the firm's Commercial Property department are assisting the organisation, which has a target of between 30 and 50 new retail properties this financial year.

 Head of the Commercial Property department at Wake Smith & Tofields, Neil Salter said: "We've been acting on behalf of SATCoL for around two years and have managed 40 plus cases by coordinating legal completions including contract renewals and leases for new retail properties. This has included opening shops in sequence, in a particular geographical area, so that down time is reduced and that the shop fitting team remain in the area to maximize resources.

 "Coordinating legal completions to coincide with other events can be complex but the team at Wake Smith has managed these challenges successfully, helping to reduce overheads and maximize return for the retail outlets concerned."

 Wake Smith  was selected after completing an initial project and demonstrating value for money and a deep understanding of how SATCoL operates in the charity retail sector.

 SATCoL currently runs more than 80 retail outlets across the UK. Profits from the shops are gift-aided to The Salvation Army, helping to fund its work across the UK. Homeless shelters, substance misuse centres and family tracing services are just some of the services The Salvation Army delivers.

 Kevin Lowe, property manager at SATCoL, said: "Our aim for next 12 months is to develop our retail portfolio and, in the current economic climate, we are well positioned to take advantage of units at prime city and town centre locations owing to the strength of our brand and competitive rates available.

 "Wake Smith has provided excellent legal advice throughout the project; charity retail stores like ours are playing an increasingly important part in towns and cities up and down the country as the need for affordable clothing and household goods continues to be strong. Wake Smith has capitalised on this trend to help us negotiate the best possible rates with landlords, which is key for us as our objective is to maximise the profits we gift-aid to The Salvation Army."

 For further information please contact [email protected] or call 0114 266 66660

Tags

Archive

October 20242September 20245August 20245July 20243June 20243May 20245April 20242March 20247February 20242January 20248December 20236November 20232October 20233September 20232August 20234July 20232June 20235May 20237March 20234February 20235January 20233December 20225November 20224October 20224September 20223June 20221May 20227April 20223March 20223February 20223January 20224December 20214November 20213October 20214September 20216August 20212July 202111June 20218May 20216April 20212March 20218February 20218January 20219December 20208November 202013October 20208September 20208August 20203July 20208June 202016May 202011April 20206March 202016February 20208January 202011December 20199November 20199October 201911September 20195August 20194July 20196May 20198April 20196March 20193February 20195January 20194December 20186November 20185October 20182September 20185August 20184July 20189June 20184May 201810April 20185March 20184February 20184January 20183December 20175November 20178October 20177September 20179August 20175July 20176June 201710May 20175April 20178March 201711February 20176January 201710December 20169November 20167October 201610September 201610August 20166July 20167June 20163May 20162April 20166March 20162February 20164January 20165December 20153November 20155October 20156September 20156August 20157July 20157June 20157May 20156April 20159March 20156February 201510January 20156December 20145November 20144October 20142September 20143May 20144March 20146February 20144January 20142December 20132November 20133September 20134July 20132June 20132May 20133April 20131March 20133February 20133January 20136December 20121November 20123October 20122August 20122July 20128June 20123April 20123March 20121January 20124December 20112November 20111October 20112September 20113August 20113July 20117June 20119May 20117April 20115March 20119February 20118January 20111December 20101October 20102September 20102August 20103July 20106June 20101May 20102April 20106March 20102February 20103January 20102December 20095November 20092October 20092September 20092August 20091July 20095June 20095May 20093April 20093March 20093February 20091January 20092November 20082October 20082September 20081August 20083July 20081January 20082

Featured Articles

Contact us