Convincing a client to invest money in a surplus property can be a challenge. Following the closure of the client's office in Reading, FraseCRE undertook a review of the potential to sub-let or surrender the lease back to the landlord.
This identified an obstacle, namely, the client's bespoke fit out, that was deterring any prospective tenants. After six months of lobbying the client agreed to invest in removing the existing fit-out, a cost it would have incurred as part of the dilapidations at the end of the lease. One month after the works were completed, the office was sub-let, 9 months ahead of the provision date and saving the client over £50k. By investing in the problem, the client was able to save money.
The team that I have worked with for over 10 years - Tim Lowe, Steve Bunn and Darren Hampson, are all very approachable and customer focused. FraserCRE are big enough to handle major deals, but small enough to retain a personal touch. If I need any advice and guidance on property matters the team are my first choice.Brian Bosworth
Diligenta / TCS Legal Advisor.