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
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High light
In 2013 we saved our clients in excess of £5m on dilapidations claims
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