Logistics Warehouse Case Study - London Metric

Challenge

We were appointed by landlord and real estate investor, LondonMetric, to advise on a rent review for one of the largest logistics warehouses in Reading.

Appointed at the height of the COVID-19 pandemic and with a lack of comparable market evidence in the area, we drew on our in-depth knowledge of the Thames Valley property market to achieve a rental increase that was in line with the fluctuating, strong dynamics of the logistics market at the time.

How we helped

• Understood the importance of the asset’s performance in relation to the client’s overall investment performance.
• Worked with tenant to develop a positive landlord / tenant relationship, which aided the process.
• Drew upon in-depth knowledge of Thames Valley industrial market to produce evidence-based rental increase, despite scarcity of comparable buildings.
• Considered the market evidence on a local and regional basis.
• Provided updated advice on market transactions and the influence on the rent review.
• Rental tone took into account the quickly evolving market, in light of the impact of COVID-19.
• Adopted a personable and pragmatic negotiation style to suit the tenant and ensure the best outcome for our client.