Acting for our clients, Technicolor, we advised that the Landlord’s investment was jeopardised by the fact that the lease on this building comprising some 80,000 sq ft, due to expire in March 2018 was subject to a Tenants break clause in March 2014.
An approach was made to the Landlords and a rent free period of over nine months was negotiated as a quid pro quo towards deleting the break clause and extending the lease until March 2020 subject to upward rent reviews in 2014 and 2018.
A win-win situation for Landlord and Tenant alike.
Professional | Anthony Lorenz
