Case Study 4: Heywood, North Manchester

Task: Re-gearing of Head Lease
Description: Re-gearing of our client’s lease of a 150,000sq.ft. regional distribution centre utilising their break option to secure improved lease terms.
  • Investigating the asset management requirement of the PLC landlord and advising the client on how best to utilise this within their current business plan
  • Negotiating a reduction in the passing rent in return for an extension of the lease to for a further 5 years but retaining a tenant only option to break within the extended term
  • Agreeing an interim statement of value of dilapidations with the landlord as part of the transaction assisting the client with financial planning
  • Saving to client in excess of £125,000