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PWC wanted to lease a large floor area of good quality office space with very high sustainability standards, but no buildings in their search area met these criteria. A building was identified, however, with good sustainability standards and an agreement was reached with the landlord to carry out improvements. We negotiated terms to ensure that the value of improvements paid for by the tenant, would be regarded when determining the rent at each review. Five years later, JK was appointed to manage and negotiate the first rent review, to ensure the initial investment was fully realised when determining the market rent.
We calculated the value of improvements, the costs of which were contributed to by both tenant and landlord. Negotiations ensured that our client received the full benefit of the contributions they made at the start of their lease. The whole process was managed in just eight weeks by one of our experienced consultants.
"Our client received the full reimbursements that were due by a reduction in the market rent payable, without having to spend days of their valuable time managing potentially stressful negotiations."
Our client received the full reimbursements that were due by a reduction in the market rent payable, without having to spend days of their valuable time managing potentially stressful negotiations. The end result is a fair solution and the maintenance of a healthy relationship between tenant and landlord.
“Kevan is an industry specialist who is well connected in his sphere … he has the ability to make the right contacts at the right level to bring projects forward and into delivery. Kevan is professional in everything he does and he has been particularly useful in assisting AHTO with developing a footprint in the North East.“
“Kevan and his team provide invaluable help and assistance on both the obvious and the complicated. Always available, really helpful and responsive.”
“Kevan provided Turner & Townsend with invaluable support when we relocated our Newcastle office. His knowledge of the local area, agents, market conditions and how to achieve the optimum solution was exceptional. We are truly grateful for his insight and support in finding us a fantastic new location for our team here in Newcastle. Kevan is a true expert and would highly recommend if you have any property-related matters.”
“Genr8 has taken advice from JK Property Consultants for many years, whenever we have been involved in or considering development schemes in the North East, they have an unrivalled knowledge and understanding of the market's requirements.”
“JK Property Consultants helped us in our search as a new business to find the best possible premises and location in which to set up our artisan bakery. There was a scarcity of small units fit for the food hygiene needs. Their knowledge of the availability of units, and the help and guidance given, enabled us to find suitable premises from which to grow and thrive through a very challenging economic climate”
“Tees Valley Combined Authority worked closely with JK Property Consultancy on the purchase of Teesside International Airport and on the development of the Southside business park on the site. At every stage, they were efficient, professional and thorough, helping us to easily navigate a complex and high-profile acquisition. I’d like to thank them for their assistance and would have no hesitation in wholeheartedly recommending their service."
