CASE STUDIES - industrial

Jacknell Road, Hinckley

185,000 sq ft storage and distribution facility occupied by Triumph Motorcycles.
Rent in excess of £750,000 per annum.
Represented landlord, Hinckley Assets Limited, at rent review. Revised rent geared to rental value of a hypothetical distribution warehouse at Magna Park, Lutterworth.
After initial negotiations, the dispute was referred to an Independent Expert requiring the preparation of expert witness reports, resulting in a successful outcome.

Park Seventeen, Whitefield, Manchester

Multi-let Industrial Park comprising 325,000 sq ft on 25 acres with unit sizes from 5,500 sq ft to 94,000 sq ft. Tenants include HSBC, Northern Foods and OCS Group.
Advising the landlord, Standard Life, in the day to day asset management.
Negotiation of rent reviews, lease renewals and lease restructures, and general advice on landlord and tenant matters including assignments, underlettings and break notices.

Bracken Trade Park, Dumers Lane, Bury

Modern Trade Park comprising 6 units totalling 28,300 sq ft.
Represented landlord, Bracken Limited, in various rent reviews achieving substantial increases in a recessionary market and against market trends.
Assisted in the subsequent sale of the estate following the considerable enhancement in investment value.

Croesnewydd Road, Wrexham

10,000 sq ft manufacturing and laboratory facility let to Wrexham Maelor Health Authority.
Initial instructions were to represent the tenant in rent review which was completed successfully.
Subsequently negotiated acquisition of freehold interest from landlord securing our client's long term investment in the facility and safeguarding from the uncertainty of future rent increases and lease renewals.