The decision follows Franses success in June in the High Court case of S Franses Limited v Cavendish Hotel (London), as reported in ATG issue 2499.
The case centred on a dispute over the lease and rent at 80 Jermyn Street, St James’s, where the gallery had operated for 27 years.
It follows a six and a half-year battle and a Supreme Court ruling in December 2018 (after earlier decisions and appeals) which had ordered the landlord to grant a new lease. The previous lease had come to an end in 2015.
Franses, whose new lease begins in October 2021, said: "This long battle has run for six and a half years and this second award of all our legal and surveyors costs is extremely gratifying.
"To prevail against a multinational, such as in my case, a tenant needs three things: determination, funding and, most important, excellent legal and valuation advice. I cannot praise our team of David and Julian Cooper, Joanne Wicks QC and John Buckingham FRICS enough."
David Cooper said: “This case was a monumental decision and hugely significant because rents were reduced by 50% in Jermyn Street. It will make it more affordable for galleries in the area and will cause a major stir both in St James’ and across the wider West End. No one believed we could do this and change the law.”
Cooper commented on Franses’ determination in sticking with the case over the past six years. He added: “Simon is very persistent. He spent an enormous amount of time, money and energy.
“If you took a hundred dealers you wouldn’t find another who would have taken this on like Simon.”