John Banbury
JOHN’S ROLE
Lease Advisory & Business Rates Specialist
John deals with the Office and Industrial sectors in London and the South East. He challenges business rates for tenants and advises on minimising rates on empty property. Negotiates rent reviews, lease renewals, lease re-gears and dilapidations on offices and industrial warehouses mainly in London and the South East.
RELEVANT EXPERTISE / SPECIALISM
- Landlord and Tenant Dispute Resolution
- Business Rates – Office and Industrial
EXPERIENCE
- After a fist career in the Army, John made the leap into surveying in 2007 to the South East Office team at JLL where he qualified before moving on to Knight Frank. He left Knight Frank’s National Offices Lease Advisory Team as a partner in 2017 to join Allsop.
- The Army drilled John to "provide advice you can base a decision upon" and he still twitches involuntarily when reading long-winded reports that fill boxes and protect the author, instead of empowering the reader to make decisions.
RECENT PROJECTS / ASSIGNMENTS
- 200 Strand – Enabling landlord re-development by achieving VP for a landlord with L&T Act protected tenants. Dilapidations, Business Rates Deletions.
- Removing 3 London hotel developments from the Rating List in circumstances where the Scheme of Works was done by a previous owner and could not be accessed.
- Frimley Office Park, 35,000 sq ft office dilapidations settlement well in excess of what the building surveyors initially asked for. Mitigating Rates on the Vacant Building till re-development.
- 60 Vulcan Way, Croydon 60,000 sq ft Warehouse lease renewal
- Mountbatten House, Basingstoke 140,000 sq ft Long Leasehold renegotiation as part of a development.
KEY CLIENT RELATIONSHIPS
- First Property,
- ABRDN
- World Federation of KSMIC
- Millers Mutual Association
- JR Capital
PROFESSIONAL AFFILIATIONS
- Member of the Royal Institution of Chartered Surveyors (MRICS).
GETTING TO KNOW JOHN
Favourite Radio Station: Radio 4
Favourite Landmark: The Matterhorn
Favourite Film: Gladiator
Favourite Book: Eastern Approaches
Favourite Holiday Destination: The Alps
Insights by John Banbury
Business Rates in the Budget
The Chancellor announced that:- Small Business Rates multiplier is fixed again (relevant to properties with an RV below 51,00...
Five things to consider when your new rates bill arrives
Five things to consider when your new rates bill arrives
Have your cake and eat it
When a tenant spends a large capital sum on a building the landlord is normally delighted: it shows the tenant is committed t...
The reform that can redefine the real estate sector
On 1 September 2020 two radical changes to the planning system came into effect in England. The first one is focused on an o...