|Staying Home Pays Dividends for Wolter Kluwer|
Lease regear, 22,000 sq ft
250 Waterloo Road, London, SE1
- Publisher Wolter Kluwer faced an August 2010 lease break and engaged Jones Lang LaSalle to review options
- A search led to 3 shortlist possibilities plus a lease regear offer from the landlord. Staying in situ offered a potentially attractive option and negotiations were opened
- We achieved a 3 year break postponement, the removal of the 2010 rent review and - if the client remains to the end of the lease term - all reinstatement liability to be extinguished.
- Costs were therefore maintained going forward, no major fit out or relocation costs were incurred and the client maintains flexibility for the future