We were instructed to assist in the end of lease negotiations with the outgoing tenant
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Core Service
Dilapidations -
Sector
Industrial -
Client Type
Landlords / Investors -
Location
Birmingham
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Size
121,000 ft²
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Value of claim
£880,000
Our original claim of £1.19m was contested so we tendered the project to confirm the actual costs. We completed the works and sought recovery of the Landlord’s loss of £1.23m including loss of rent.
The landlord accepted a commercial offer of £880,000. We successfully rejected the Tenant’s argument of diminution in value of the reversion by the approach we took over 2 years duration of the project.
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