Major media occupier clients, holding lease on 18,000 sq ft offices, until
June 2018 with rent review and break clause June 2013, were undecided on
relocation.
After extensive negotiations, the landlord
enticed the tenant to stay in occupation, offering a rent free equivalent of
approximately 9 months, and for breaking.
The tenant did progress relocation negotiations, which were aborted in view of the Landlords last minute
proposal.
On balance, a benefit of the rent free
vs. the cost of fit out, the balance swung in favour of continued occupation to
the existing facility.
Professional | Anthony Lorenz | Kathryn Sowter
