Case Study 3: Glasgow


Task: Lease Surrender and Terminal Dilapidations
Description: Early surrender of a regional distribution warehouse in Glasgow totaling 35,000sq.ft with 4 years left on lease and surplus to requirements.
Highlights:
  • Proactive local letting campaign in increasingly difficult economic conditions
  • Empty building management to limit terminal dilapidations
  • Early settlement of dilapidations resulting from close liaison with the landlord
  • Successful early hand-back to the landlord with 9 months rent saving and beneficial dilapidations settlement resulting from the successful marketing campaign securing another tenant
  • Saving to the client in excess of 175,000