“I’ve entrusted Martin with all my property matters for a number of years now. He is firmly in my camp and is continually thinking about opportunities to help me as a client. I can concentrate on my core business, knowing that he is efficiently and expertly dealing with any issues regarding buildings, from acquisitions to lease negotiations. Restructuring our leases at City Park is yet another example of Martin securing the best possible deal for my business.”
Keith Inch, Managing Director
City Park Technologies Ltd
Seizing the opportunity to trigger break options in their leases, Edgar Property Solutions helped Glasgow call centre City Park Technologies restructure their leasehold interests and make substantial cost savings.
Challenges
City Park Technologies wanted to take advantage of forthcoming mutual break options in their four leases within City Park. Occupying 26,750 sq ft over 2 floors in the Alexandra Parade property, the company wanted to remain within their premises, but at significantly reduced occupancy costs.
Solutions
Edgar Property Solutions successfully negotiated the removal of the mutual break options and extended all four leases until 2017. As a result, I secured total savings of £378,000 for City Park Technologies over this extended term. These savings were instrumental in City Park Technologies renewing an outsourcing contract with a key call centre client.
Extra Mile
The negotiation process in this instruction was prolonged and complex, and my skills in being able to keep the deal between landlord and tenant on track were fully tested. However, the final outcome I achieved for my client was extremely favourable.
