Successful rent review concluded in North London

Glenny has recently concluded an outstanding rent review for retained client Grafton Group Plc at one of their largest flagship sites in Highgate, North London. Through our expertise, regional knowledge and network of local contacts, an annual saving in rent of 23.3% was agreed against the landlord’s proposed increase. Paul Aylott, Partner and head of the Valuation and Lease Advisory division, said “The availability of urban logistics and trade counter stock in North London is diminishing in locations synonymous with high value housing. "We work closely with landlords and corporate occupiers to ensure their property specific requirements align with their asset strategies and business plans, and are usually able to amicably conclude reviews at a sustainable level of rent that are in the best interest of both landlord and tenant.”