Vaillant Services occupied office premises in Belper in conjunction with their main holding opposite. The lease was due to expire in two years. Perceiving that it would only be practical to remain in occupation if the building is refurbished, negotiations had to be conducted in respect of both new lease terms and to secure a landlord’s contribution towards the refurbishment.
Altus Group was instructed by Vaillant Services and undertook negotiations with the landlord. We negotiated terms for a new lease satisfying the client’s requirements on term, rent and the proposed works. An incentive package was achieved for the client representing a saving of £300,000.
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