New Lease Negotiation Case Study - Flight Logistics Group Limited

How we helped

Advised client on difference between the protected and unprotected leases

Successfully negotiated with both landlords’ representatives

Obtained suitable lease terms and rents, lower than the landlord sought

Liaised with client’s solicitors to manage the process throughout

Results

Agreed two 10-year leases with 5- year break options, both commencing with rent free periods

Reduced rent increase at Wokingham premises by over 30% to just 4.6%

Achieved a 10.7% decrease on the rent quoted by the landlord’s representatives for Colnbrook, resulting in 13.3% increase

“Thanks to the technical expertise of Vail Williams’ lease advisory team, we were able to ensure business security by renewing both our leases for a further 10 years, whilst successfully reducing the rent demanded at both premises. A positive outcome all round.” Richard Gaff, Operations Director, Flight Logistics Group Ltd.