Award winning call centre specialist CPT Ltd has appointed EPS to negotiate an extension to their 6,000 sq ft leasehold interest at Edward House, West Campbell Street, Glasgow. EPS will focus on delivering lease flexibility at a competitive rental.
Two more candidates from Martin’s specialist mentoring programme have passed their Assessment of Professional Competency (APC). Congratulations to Tom Fothergill of GL Hearn and Douglas Binnie of Knight Frank who now become fully qualified Chartered Surveyors. For more details on Martin’s APC mentoring programme, see https://www.edgarproperty.co.uk/mentoring/
The Chairman of the RICS in Scotland has appointed Martin to act as Independent Expert in connection with a rental dispute between landlord and tenant in the Aurora building in Glasgow’s Bothwell St. The dispute centres on a 9th floor leasehold interest at the building which occupies a prime location in the city’s central business district. With a passing rent in excess of £450,000 per annum, this is a key appointment for Martin to secure within the Glasgow office market.
Rapidly expanding franchise leisure operator Energie Fitness has appointed Martin as external (inhouse) property advisor. This follows a highly successful initial piece of work by EPS which secured a 75% rates reduction in connection with Energie’s East Kilbride property. Energie currently have 14 leasehold interests throughout Central Scotland with plans for a further six sites within the next 12 months. Martin’s role is to secure savings from the current property portfolio and ensure all future leases match the occupational needs of the business.
Specialist ceramic tile retailer A Andrews & Sons has appointed EPS in connection with the Glasgow’s London Road Trading Estate. EPS will be seeking to make cost savings for the retailer by negotiating minimum rental uplift.
As Asset Manager acting on behalf of new owner Mountgrange, Martin has secured a third successful initiative at Pyramids Business Park, Bathgate. As a result, the building’s vacancy rate has fallen from 70% to 36% in just 6 months. Having concluded 65,000 sq ft office lettings to mobile recycling specialists Redeem and product realization company Plexus, Martin has now been instrumental in securing CS Lounge Suite’s 61,000 sq ft warehouse acquisition at the site. Martin’s multiple letting activity in recent months has significantly enhanced the investments income profile for the Fund.
Swedish bank Handelsbanken has appointed EPS to find a cost effective solution in light of their forthcoming break option in connection with their Glasgow office. Currently at 226 St Vincent Street, EPS will focus on negotiating the most competitive terms to have the break option removed, as well as identifying alternative premises for the bank.
EPS has secured significant cost savings for national quantity surveying practice Leslie Clark, in the renewal of the leasehold interest over their Glasgow office in Gordon Street. Despite some extremely tight timescales, a 5 year lease has been agreed, at a rent 18% below their current passing rent.
Specialist software consultant NVable has appointed EPS to advise on their future occupational requirements ahead of the forthcoming lease expiry of their premises at Skypark in Glasgow’s Elliot Street. EPS will be negotiating the best possible deal to extend NVable’s current occupation, as well as identifying alternative premises which offer better value for money.
