Major client, Penna, concluded a corporate acquisition of an advertising agency, Barkers, who held a variety of leases within the portfolio – some offices had to be closed and others renewed.
In this instance, the lease held on some 5,000 sq ft at a rent of £120,000 per annum was due to expire September 2011. A 3 year lease renewal was negotiated from September 2009 at half the rent which justified the affordability of the Tenant maintaining the premises.
Professional | Anthony Lorenz
