New Look Glasgow
Despite evidence of on-going rental growth in small unit shops in this prime retail street, there was limited evidence of rental levels for larger stores. In addition, the micro location had improved over the review period, but again with no firm evidence to establish that improvement.
Persuasive analysis of the available evidence throughout the negotiation process, coupled with a resolute stance and compelling advocacy led to a negotiated agreement on the eve of Arbitration submissions being lodged.
Significant increase in rent, well above client expectations and setting new Zone A rate for this micro location.
- Old rent £1,520,000 pa
- New rent £1,785,000 pa
- Risk and cost of Arbitration avoided.