Maughan Mitchell advised Metabo UK in Lease Renewal negotiations, on their 25,000 Sq Ft UK warehouse, located on Nursling Industrial Estate, on the edge of Southampton.

The warehouse market was thriving at the Lease Expiry date, with strong demand from e-commerce, largely from Amazon and related businesses and due to Brexit and Covid. As a result, the landlord had served their S25 Notice proposing a huge 54% rent increase, for a new 5 year lease term.

As usual, we re-inspected our client’s property and reviewed again the existing lease contract, working with our client’s solicitor, who ensured Metabo were protected legally. We next undertook a thorough review of the rental evidence, considering warehouse transactions across the M27 corridor, prior to entering into detailed negotiations with the landlord’s agent.

Following negotiations, over many months, we were able to secure a more reasonable level for our client, reducing the landlord’s rent expectations by 15% and producing rent savings of over £210,000, over the period of the new lease.

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