Case Study 2: Northamptonshire

Task: Leasehold Acquisition
Description: Search, identification and acquisition of a 550,000sq.ft. cross-docked warehouse in Northamptonshire on behalf of leading third party logistics provider.
  • 15% reduction in rent agreed over initial rent offered
  • 12 months rent free secured on 10 year lease with a tenant’s break option after 5 years
  • Innovative funding agreed with landlord to facilitate major £3m + investment in the property
  • Rare pre-agreement to exclude a number of key items from the end-of-term reinstatement thus significantly reducing the client’s future dilapidations liability
  • ‘Fast-track’ transaction completed within 2 month time frame
  • Saving to client in the region of £1,500,000