Case Study 1: Dagenham, East London
||Rent review of a 500,000sq.ft. modern distribution facility in Dagenham, East London, one of the largest single warehouse sites within the M25. Multi unit site comprising 5 warehouses (one high bay), 100 trailer parking facility, self-contained regional office and 2 separate open storage sites.
- Settlement after 9 months private treaty at a 25% reduction from rent sought by landlord
- Successful negotiations involving an Expert Witness but without recourse to Third Party Determination therefore saving costs
- Efficient management of occupier financial planning; settlement within 2% of forecast increase meaning accurate accruals and financial planning made in advance
Over 85% of the rent reviews we negotiated in 2013 were settled at nil or less than 5% increase