Sycamore - Successful project - Oct 2010

Monday, October 04, 2010

Sycamore - Successful project Kingsbridge Estates was approached by the Finance Director of one of our long-term office tenants, who knew he needed more space but wasn’t sure of his business’ future direction.

We agreed to apply for consent to extend the existing building, on the assumption that the company would utilise all the space. It turned out that the FD’s uncertainty was well placed, so Kingsbridge negotiated and organized a surrender of their existing lease, at the same time as agreeing to lease both the existing and the new space. The tenant could now plan ahead.

We were then able to let the surplus space to other tenants with the net result that there are now four new tenants running successful, growing businesses from Sycamore.