LM1 are delighted to have secured a great result for our Harrogate based client on their main distribution hub in the most recent rent review on their St James Business Park warehouse.
A complex process going to third party determination where LM1 acted on behalf of the Tenant in an Arbitration to determine the new rent for the next 5 years.
Suffice to say, well worth all the hard work and perseverance as the Arbitrator’s award is very much a win for the Tenant and LM1, saving our client tens of thousands in rent over the next 5 years!!
If you or someone you know have a Rent Review or Lease renewal on commercial property approaching and need assistance, please feel free to get in touch.