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Lease restructure saves more than £1m

Fay Cavey-Wilcox

Lambert Smith Hampton were given the brief to appraise occupational costs and to check leases for onerous provisions prior to company acquisition.

The Lease Advisory team identified significant costs associated with one property and an opportunity to create capital receipt/income by re-structuring the lease on another property.

The result was a cheaper purchase price for the client and subsequent cost savings.

Added value:

  • £1 million liability mitigated
  • 30% cost saving by relocating to more suitable premises
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