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Stroudwater Business Park

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The Challenge

Dentsply had a lease expiry approaching on their hybrid office / warehouse facility. The clients business operations had changed, and as a result the first floor offices were surplus to requirements. Cushman & Wakefield provided a range of property advice, and significantly reduced the clients occupational costs.

The Solution

Cushman & Wakefield carried out a search of the market for alternative smaller premises, whilst simultaneously seeking to negotiate reduced terms at the existing property.

  • Providing combined agency and lease advisory services.
  • Availability search and appraisal of existing and new build options.
  • Ongoing market advice.
  • Lease renewal negotiations and Landlord & Tenant Act advice.

The Results

The objective was to reduce the clients occupational costs as a result of changes to their business operations.

  • Lease re-gear at existing premises.
  • Lease term reduced from 15 years to 5 years, to provide client flexibility to review in the medium term.
  • 37% rental reduction.
  • Secured ability to sublet surplus offices.
  • Continued occupation of high quality premises.

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