Complete agency solutions as occupation reduced

Cluttons provided UPM Kymmene (Finnish Paper Mills) with a holistic end to end service including acquisition, management, refurbishment, lettings and rent reviews.

How we helped

We provided our client with comprehensive advice on all property matters including reletting as the client’s occupation of the building has reduced over time

The outcome

In the last 18 months, the following transactions/projects have been concluded:-

  • A letting of the second floor of 10,900 sq ft to Impax Asset Management Group Plc, a green Hedge Fund, following supervision of refurbishment.
  • We negotiated a surrender of the 3rd floor involving (10,300 sq ft).
  • Negotiated to remove a break option on a lease on the fourth floor involving 10,000 sq ft, in return for the grant of a rent free period to Stanhope Ltd and a similar negotiation on the first floor, this time with Societé Generalé.