16 Eastcheap, EC3
Perkins was instructed to advise Tellon Capital on the outstanding rent review
at its building, 16 Eastcheap, EC3, which was occupied in its entirety by a
large insurance company.
extensive market research, inspections and negotiations, we put together a very
strong case for a significant increase in the rent.
In order to
realise the maximum value for our client and progress stalled discussions with
the tenant, we advised that it would be prudent to apply to the RICS for third
party determination. The Arbitrator was then asked to hold matters in abeyance
pending further negotiations.
ultimately able to achieve a substantial increase of c.55% for our client,
equating to over half a million pounds per year.