As property investors and developers we were satisfied with getting a rent from the telecoms operators lease on our rooftop. However, the approach from APWireless to buy out the telecoms lease proved a good deal as we were able to sell on all the downside risk of rent drop or termination and gain from an up-front cash investment. From our perspective, making use of the funds from the transaction made good business sense, leveraged a relatively risky rental stream into a more valuable capital sum that we could better invest elsewhere. The whole process was carefully and professionally supported by the APWireless team from start to finish. I would recommend property owners and investors to consider taking up the option of selling their telecoms leases to APWireless.
Mandeep Singh Basra, Director – Moor Park Estates Ltd
I was made aware of the changes to the New Telecoms Code, the law that would have serious consequences for landlords with telecoms on their property and I decided that the conditions were right to sell before its value diminished. There were a few years remaining on our lease. Once we agreed terms our deal was concluded within 8 weeks of legal instruction and I am very happy to have removed this item from my portfolio. I will invest the funds into something I can control and without interference from legislation. I would recommend anyone with a mast on their property to speak with APWireless. It is clear they understand telecoms far better than I do. I found Tony acted with great integrity and he was very straightforward to deal with. I would highly recommend them both.
Tony White - For and on Behalf of Anthony White Properties
Waypoint Asset Management focus on investment and Asset management. We specialise in Acquiring and asset managing properties for a number of funds in the retail market. We provide advice to a wide range of investors, developers, occupiers and institutions. In this respect after some dialogue with Tom at APWireless we provided the proprietor of Poundstretcher building in Dunfermline with advice to sell the leases as it was in the best interest. We pride ourselves on professionalism and integrity and I’m pleased to say APWireless did likewise, therefore we are very pleased they were able to meet with our high expectations.
Stuart Scobie, Agent
May Avenue Industrial Estate
Kevin, I am glad we have completed. Thank you for your help. It was important to me to get this sorted.
Sonny Sian, Director - Sian Formwork Ltd
After receiving an offer to renew one of our Telecoms Lease’s from the Operator at a significant reduction in annual rent, we did some research into our options moving forward in light of the new Electronic Communications Code. Jess from APWireless provided a valuation of all 3 of our leases and we also explored an option to instruct agents to negotiate on our behalf. Selling the freehold was not something we wanted to do, and we decided the leasehold purchase offer from APWireless offered the best value given the cost and potentially worse outcomes of negotiating the leases directly. Landowners have different priorities, but we would recommend considering APWireless to those looking to cash out before the Code impacts their rent levels.
South Tyneside House
Our client was keen to sell their building and we believe that we maximised his income by selling the leases to APWireless separately. Prospective purchasers are primarily interested in the use of the building itself and they will benefit from the telecoms mast lease following the lease expiry with APWireless. APWireless specialist estates team are now managing the telecoms dealings, leaving us to focus on our core activities.
Tamsin Swann, Management Surveyor - Naylors
Woodrow Business Centre
We are delighted this has completed. Thank you for your concerted effort over the last couple of months. We can’t recommend APWireless enough. All queries regarding the lease were dealt with in a thorough manner and the sale proceeded through legals quickly – allowing us to realise value in a timely manner. We hope that it’s the first of many!
Joe Green & Andrew Caracciolo - London Green Ltd
Ivor Court II
Just a line to let you know that I was pleased by the smooth and effortless way in which we were able to sell you the rental income that rather unexpectedly arose in our favour on the aerial site that we sold you in 2017. As before the transaction was quickly completed and ensured that we were spared the complications and uncertainties caused to the Industry by the New Digital Economy Act . With best wishes.
Tim Gibson, Director - Durban Estates Limited
Trevol Business Park
I am pleased to say that we have now completed the sale of one of our units to APWireless. The initial negotiations with Jess Howie were quite tough but once we had agreed terms, she made every effort to make sure that the transaction proceeded smoothly and on time. For a small transaction it was quite complicated legally and without her perseverance it could all have taken a very long time. Many thanks to her and her team.
We had spoken with Ged from APWireless for a number of years, and in 2018 we got in touch after receiving rather hostile communication from CTIL (on behalf of Vodafone) seeking a new code agreement at a fraction of the current rental level. In addition to this we also had a need for additional funds, and as such the conditions were right for us having a sensible conversation regarding selling the lease to AP. From the point of re-engaging with Ged, we found him to be very straightforward to deal and acted with great integrity. We concluded our deal within 8 weeks of legal instruction, and were very happy with how everything worked out. We would recommend anyone with a lease and especially those with a lease reaching expiry to reach out to APWireless and see what they can offer.
Agent to Commercial Property Investors
As an agent on behalf of a number of investors, the APWireless business model provides an ideal opportunity to maximise the potential income from a commercial building by realising the value of a mast site in the form of an upfront cash payment. This in turn allows my clients’ to reinvest in their building or consider and implement new investments whilst removing the commitment of dealing with the telecoms site which is becoming an increasingly burdensome task in light of recent changes in legislation. Tom is approachable and maintains a constant, clear communications link from agreeing Heads of Terms, throughout the legal process up to delivery of funds, making the whole process seamless. I recently agreed HOT’s with APWireless and a week later we received a notice from the operator that they wished to reduce the rent by over 80%, APWireless kept to the deal despite the huge risk and the sale eventually completed with delighted clients. Having now sold the leases of 10 masts, we are currently exploring further opportunities with APWireless and I would highly recommend them and him.
David Reisner, Managing Director – Davlea Estates
APWireless fulfilled its side of the deal, and worked hard to adapt to the nature of our transaction to ensure that it would work for both parties. If concluding a transaction with APWireless suits your business needs then it is well worth exploring options with them; they may well be able to assist you in a positive way.
Sean Connell – Wheathamstead Land Ltd
Queen Victoria House
After finding the re-negotiation of our telecoms leases a difficult and long process with no end in sight, the call from APWireless was a welcome one. Emyr and Andrew at APWireless were extremely easy to deal with. We agreed a lot of the terms within the HOTs which made the final agreement of the lease that much easier. The process from start to finish was smooth and APWireless turned around queries from our solicitors and ourselves very quickly. The money from the deal will enable us to both re-invest in our property and undertake some works to update it and also re-invest in our business towards our development strategy. I would recommend APWireless to other potential clients particularly with the way the Telecoms Act has gone - I now don't have to deal with any Telecoms Lease renewals for several years!
Rory Dunleavey, Finance Director - Pomroy & Hine Limited
I would like to put on record my appreciation for your endeavours in closing this matter. In particular, Kevin Povey from the APWireless London office, was very professional and helpful and managed the process as smoothly as possible.
Daniel Selby, Director – Beta Circle Limited
Thank you for your continuous efforts on getting the deal over the line. Chris was helpful and informative throughout the process and we look forward to dealing with Chris and APWireless in the future.
Toby Church, Land Buyer - Bellway Homes Limited
South London Division
It was a pleasure dealing with Kevin Povey throughout the process of selling our telecoms freehold to AP Wireless. He was straightforward and proactive in making sure that information was provided, agreed timescales were adhered to and did exactly what he promised at the outset. I would not hesitate to deal with him and the team again in the future.
Tim Jackson, Managing Director - SAS Investments
APWireless promised to deliver and they did. At all times they communicated clearly and proactively to ensure the transaction could be concluded within a finite timescale.
Philip Harcourt, Agent
Vista Tower & Zurich House
Working with APWireless was an absolute pleasure. Christopher Miller managed the process smoothly and very efficiently, always communicating clearly and ensuring that all issues were dealt with quickly and painlessly. I look forward to dealing with Chris again and highly recommend him and APWireless.
Zalman Roth, Agent - One Percent Corp Ltd
Chessington Business Centre
We are delighted this has just completed and the funds have been released to us. Can we just put on record that it was a pleasure doing business with you and we are so glad you persisted with us! The funds have allowed us to invest in another project that has the potential to far exceed the income generated by the telecom masts and is much more aligned to our core business. Let us keep in touch and hopefully do some more business in the future.
With Kind regards.
Richard Hunt, Director – Chessington Business Centre
I have been approached by APW several times in the past, and I was not interested in selling my asset because I liked receiving the regular income they provided. However, when I was contacted by Jacqui and she explained the changes in the new law, my business partner and I decided to review the situation. Although we had just renewed lengthy leases with two Operators we realised both leases had 12 month break clauses in them, so that rent was not guaranteed. By doing a deal with APWireless, we have released equity which can be ploughed back into our core business, which will provide a greater return and with far less risk.
I must say in all the years I have been in property, I don't think I have ever had the pleasure of dealing with such a professional and charming person. It really was a pain free transaction, something in today’s world that has become a rarity.
Simon Brody - Cube Developments
From start to finish dealing with Kevin Povey at APWireless was seamless and swift – if only all business transactions were this easy! From first contact with APWireless their knowledge was apparent. Timescales and expectations were met in a professional manner and all queries were met with a thorough explanation. We would certainly recommend APWireless and we will be dealing with them again on another property we own in the near future.
Richard Harriman, Director – Mandale Apartments 3 Limited
They are specialists in the telecom mast field and are able to move fairly quickly , on the basis that you have specialist legal representation. Courteous and persistent.
Richard Petersen, Managing Director - Audley House (Berkhamsted) Limited
We found negotiations and discussions to be constructive, logical and purposeful whereby although acting for a purchaser, we found Mr Miller to be understanding of our needs as a landlord and the constraints we faced in respect to landlord and tenant legislation.
A private family Estate
APWireless purchased two overriding leases over radio masts on the Estate, which suited an internal restructuring exercise. From the initial approach and proposal of terms, the two deals were completed quickly and efficiently thanks to very clear communication, an excellent legal team and an ability and determination to get the transactions done. We would have no hesitation in recommending Christopher Miller and APWireless.
Matchams Park Stadium & Leisure Park
Seamless transaction, great return on our investment and dealing with Jacqueline Naudi was the icing on the cupcake.
Frank Phillips – Phillips Consult
Dear Tony, I was pleased to receive your email. During the process you were at all times helpful and proactive and I am glad that we were able to complete before the year end. Negotiations were professional and friendly. I would recommend APWireless to others who were thinking of selling. Thank you for your friendly and warm engagement throughout. Yours sincerely
Tim Gibson, Director - Durban Estates Limited
We are happy to have concluded the transaction in December as planned, being involved with many businesses we recognised the value in the APWireless offer and happy that Tom and Ged delivered as stated. We have plans to reinvest into a project which is significant to our business, therefore, value and timing of delivery were crucial parts of the transaction. We are pleased to confirm all progressed as planned. I would recommend your company to anyone considering selling their mast.
David Orr, Director - Waugh Investments Ltd
We recently completed the sale to APWireless of a significant portfolio of telecom sites held within the Group. APWireless was excellent to deal with from start to finish. They have an excellent team including their own in-house solicitor. When both parties have the same objective and dedicated points of contact it really ensures that things get done. I have no hesitation in recommending APWireless as a company who know their business and cut to the chase from the outset.
David L Walker FRICS FIQ, Chartered Surveyor
We are very grateful to APWireless for opening up funding opportunities from our telecoms mast. This will facilitate our other businesses, therefore, we are grateful to APWireless to help us achieve our goals. We’ve known Tom through our mast dealings for years, he is very professional and we’ve been aware of the APWireless business premise for some time, but the timing now suited us and our business matters perfectly.
Rodger Morrison, Director – Fulmor Limited
Hollyhill Wood Industrial Estate
Emyr is a very professional and a pleasure to deal with. He keeps you informed at every turn and is always accessible via email or phone. This is the second transaction I have completed with APWireless and look forward to the next!
Richard Franklin, Franklin Gallimore
Waltham Estates (LDN) Limited
We have completed a number of transactions with APWireless the latest being a CTIL rooftop lease located in Walthamstow in East London. Kevin Povey from the London office of APWireless dealt with the sale from start to finish and I always felt we were in safe hands. All telecom leases have a number of risks associated with them – selling the interest to APWireless takes away all the risk and ensures the future of this important building.
Dal Sanger - Waltham Estates (LDN) Limited
Saffron Walden Water Tower
APWireless acquired a former listed Water Tower from my clients which was an unusual sale transaction. The Company dealt with the matter professionally and pragmatically throughout the sale process. When complications arose, as they so often do with property transactions, APWireless dealt with them in a sensible and non-contentious manner which enabled both parties to work together to ensure a successful exchange and completion.
Ian Wickerson MRICS – Bidwells
Trans-Britannia Properties Limited
Tom at APWireless (UK) Ltd was instrumental in the smooth running of our telephone mast disposal. Once Tom explained the benefits and how straightforward the whole process would be we felt it was the best choice for our business as it presented an opportunity to maximise the value of the whole site. We’re very happy with the whole process and the outcome and would not hesitate to involve Tom with any future disposal/acquisitions we may have.
Guy Botha, Asset Manager - Trans Britannia Properties Ltd
Newcastle upon Tyne
We completed a transaction with APWireless in December 2015 and found them to be extremely professional and efficient. Shortly after we completed our deal, the operator unexpectedly decided not to renew their lease and advised that they intend to vacate the telecoms site. It is unfortunate that APWireless have lost this particular rent but we believe that is why they are investing on such a large scale in order to offset against these kind of losses. Naturally we are glad that we sold the rent when we did as it is apparent that these telecommunication sites are risky and uncertain assets.
Darren Pither, Grays Inn Estates Limited
The Southborough Centre
We would strongly urge and recommend that any individual, Company or Association who have a mast on their property/premises and are considering capitalising their mast rental income, speak with A P Wireless. They were true to their word and the deal was executed within six weeks of the offer without any fuss or changes to the original offer. A particularly big thank you to Kevin Povey at their London office.
Michael Churchward - The Southborough Centre
As the transactions between our two companies are now complete, I would like to say that it was a pleasure to do business with you and your company. You have kept to your word and the time frame agreed between both parties. I would have no hesitation in recommending you in the future.
Please feel free to call on me if the occasion arises.
Kemsley LLP recently worked with Ian of APWireless in the sale of the telecommunications rights / leases at Cater House, Chelmsford – a landmark former office building that has recently been converted to residential accommodation.
Tim Collins, Kemsley LLP was pleased to have worked with Ian “acting for the vendor Kemsley LLP we were instructed to source a party potentially interested in purchasing the telecoms rights / leases at Cater House; having recently purchased and converted the building to residential our client was keen to maximise his return through the sale of the telecoms rights / leases located on the building’s roof. Ian was my first call / email on the matter; terms for the sale / transfer being subsequently agreed shortly thereafter. Ian ensured that APWireless purchase proceeded quickly and to a satisfactory conclusion for all parties. I have subsequently recommend APWireless to the rest of my Team and look forward to more transactions in due course.
Tim Collins, Kemsley LLP
Kingscrown Properties Limited
APWireless have been a pleasure to deal with. We will certainly be looking for other sites that would be mutually beneficial.
Daniel Pollock – Kingscrown Properties Limited
In respect of the recent transaction at Pride Hill House, may we put on record how we found your company to be very efficient and professional to deal with. Once a decision was made the transaction was smooth and easy.
Alex Barnett – Tallyspace Limited
MD Central Books Ltd
APWireless have removed the uncertainty for us of handling a number of mobile masts on our building in east London. Allowing us to get on with running the business we see as our core concern. Their offer was clear and competitive. With their expertise and stronger position in the mobile market they might even find new customers where we can share further benefits for our business.
Bill Norris – MD Central Books Ltd
Mayfield Industrial Estate
We would be more than happy to recommend APWireless. From start to finish, we received a helpful and professional service from Tom who was able to answer any questions and guide us though the process. Initially we thought the deal may involve time and effort on our part however the whole process was simple and completed within excellent timescales.
Ron Boyd Group – Mayfield Industrial Estate
Smeaton Industrial Estate
Upon sending a copy of our lease and rent remittance, APWireless allowed us to turn our plans into reality without any fuss. Following our successful dealings with APWireless, we have maintained good relationships with Tom.
Richard Black – Smeaton Industrial Estate
As an agent on behalf of a number of investors, the APWireless business model provides an ideal opportunity to maximise the potential income from a commercial building and consider further investments which don’t carry the ambiguities of a mast site. Excellent communications with Tom from agreed Heads of Terms to delivery of funds made the whole process seamless. We are currently exploring further opportunities with APWireless and I would highly recommend him.
Station Lane Industrial Estate
I was exploring business opportunities abroad and took advantage of the APWireless offer to help turn an opportunity into reality. We had previously accepted a reduction in rent proposed by the operator who advised there has been a downturn in the telecoms market. We therefore accepted a cash offer on the basis of securing a less vulnerable return on our investment abroad. I found Tom to be very customer driven and a pleasure to work with.
S Blythe – Station Lane Industrial Estate
Block Management UK Limited
We were approached by APWireless in order for them to purchase a lease over our roof space, where we have 2 masts installed, on a London block that we manage. The offer was very reasonable and our clients accepted this. APWireless and their solicitors provided a 1st rate service regarding the new lease and payment was as prompt as promised at the outset.
Jaqui Greene, Director – Block Management UK Limited
We recently completed the leasehold sale of two East London rooftop telecommunications sites to APWireless. We were very pleased with both the professional and courteous response, to all our queries and concerns and the sales completed within the given timescales, allowing us to plan our business accordingly. We would have no hesitation in recommending APWireless to any other companies in a similar position.
Dal Sanger – Ultrabrook Limited
Steve Conlay – Upminster
I would very much like to thank both APWireless and my APWireless representative for such a professional service. Both pricing and negotiating terms was smooth and problem free. My APWireless representative is clearly an asset to the company as he was always available to answer any questions or related matters. I thank him and APWireless once again and would have no hesitation in recommending them, and dealing with them further in the future.
Steve Conlay – Upminster
Barstaple Service Industrial Area
APWireless are easy to deal with and my deal went through without a hitch. I certainly intend to deal with APWireless again in the future.
Alan Gershlick – Barstaple Service Industrial Area