Technicolor instructed The Lorenz Consultancy to act on their behalf throughout the whole UK portfolio which urgently needed a 100,000 sq ft warehouse in the Midlands. We located the Swift Point premises comprising sum 122,143 sq ft adjacent to an existing unit that they already had.
A 9 year lease was acquired held at a rent of £4.25 per sq ft – virtually £2.00 below the passing rent subject to upward rent review in December 2014 but with a Tenant only option to determine either side of the review date.
An initial 8 month rent free period was granted and a further 6 month rent free period if neither break option is exercised.
Agency Acquisition | Anthony Lorenz | Andrew Knights
