Commercial Property Solutions

Rent Review & Lease Renewal Case Studies

Property
Wellington Road
Property: Wellington Road, West Tullos Industrial Estate, Aberdeen
2.31 acre site developed as a car showroom complex
Client: Prudential
  • Conducted the ground rent review.  Served notice and negotiated with the tenant’s appointed agent.
  • Referred the review to an independent arbiter when agreement was not reached.
  • Prepared a submission and counter submission for the arbiter resulting in an award in our client’s favour and a 163% increase in the ground rent.

KPMG Leeds
Property: KPMG Office, Leeds
4,924 sq m office
Client: Institutional Landlord
  • Conducted a rent review of the grade A office building on the riverside in the emerging southern section of Leeds city centre.
  • Secured a rent in excess of £1 million per annum representing a rental uplift in excess of 14%.

190 Helen Street

Property: 190 Helen Street, Glasgow
6,503 sq m distribution warehouse
Client: Scottish Equitable
  • Instructed to carry out the rent review of this prestigious distribution warehouse in the heart of Govan.
  • Appointed based on unrivalled industrial market knowledge.
  • Obtained uplift in rental to the market value.
Excel Trading Development
Property: Excel Trading development, Cambuslang, Glasgow
11,148 sq m industrial development
Client: Prudential
  • Conducted the rent review on behalf of Prudential and obtained a substantial uplift in the rent which enhanced the investment value.


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