Our clients Derwent approached us in May 2010 to unblock a stalemate in negotiations to re-gear the lease held by Sir Robert McApline Limited and also keep their options open to redevelop the 8,500 square feet office building between 2014 and 2016.
By activating the December 2009 rent review we got into negotiations with the Tenant’s agents, and eventually agreed a lease, whereby the Tenant stayed on at the same rent, just under £40.00 per sq ft, with Derwent enjoying break clauses in case they want to redevelop or substantially reconstruct, and Sir Robert McAlpine enjoying a beneficial dilapidations settlement, if they leave at the end of the extended lease.
Professional | Anthony Lorenz
