Hedge Fund, Pamplona, appointed us in January 2009 to advise on their existing lease which expired in 2014 with break clauses in May 2011/12 - the premises comprising 4,900 sq ft which were substantially over rented.
An approach was made to the Landlord; the Tenant would be prepared to take out the break clauses in return for a reduced rent to just over £400,000 per annum which suited the Landlords investment and simultaneously facilitated even more affordable accommodation for the Tenant. Another example of how Tenants with break clauses can take advantage of them.
Professional | Anthony Lorenz
