We have just saved a retained client circa £500,000 of holding costs to lease expiry at two sites over the course of Q4 2009 and Q1 2010.
Both properties were let to a client of dohertybaines, both were within their onerous legacy portfolio. We negotiated with each of the client's Landlords and introduced one new tenant – agreeing a surrender of the retained client’s lease and a new lease to the new tenant. At the second property db negotiated the removal of the sub tenants break clause and a simultaneous assignment to the client's sub tenant. The market is tough but its a matter of energy and creative thought.
Graham Pepper Partner - Head of Management
Both properties were let to a client of dohertybaines, both were within their onerous legacy portfolio. We negotiated with each of the client's Landlords and introduced one new tenant – agreeing a surrender of the retained client’s lease and a new lease to the new tenant. At the second property db negotiated the removal of the sub tenants break clause and a simultaneous assignment to the client's sub tenant. The market is tough but its a matter of energy and creative thought.
Graham Pepper Partner - Head of Management
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