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. |
Highlights: |
- 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
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High light
In 2013 we successfully negotiated over £10m of incentives on space acquired for clients
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