Lease provisions are evolving in order to meet the ever-changing needs and demands of both occupiers and landlords. When it comes to navigating these changes – be they ESG / sustainability; “Green Lease” clauses; basis of floor area measurement or Rent Review provisions generally - Cushman & Wakefield’s Lease Advisory team offer a bespoke, tailor-made service which involves an in-depth review of the terms within the proposed new lease to ensure that they align with the client’s specific needs and objectives. When the broad terms for a new letting are agreed, the Lease Advisory team will liaise with solicitors and work alongside our retail, office and industrial agency colleagues in reviewing the draft new lease to ensure the terms within the new lease capture client expectations from a real estate perspective by ensuring we have fully considered the impact of the new lease on:
- The investment value of the asset
- Future rent reviews, and
- The marketability of assets,
Our Range of Services
We offer highly flexible solutions that perfectly fit your specific business goals. Our most commonly requested services include:
- Rent reviews and lease renewal negotiations
- Expert witness / independent expert for third party rent reviews or lease renewals
- Arbitration in rental disputes
- Lease renegotiation / restructuring
- Asset management strategies
When it comes to rent reviews, the variety and complex nature of rent review provisions can be a daunting prospect. Rent reviews involve far more than just an adjustment to the rental price. Also of vital importance are defining a strategy and identifying the opportunities and risks. Cushman & Wakefield can assist you with transparent advice, so that you achieve maximum results.
Experience and Resources
Our Lease Advisory team consider each lease expiry, rent review or break as an opportunity for our clients and work closely with our Industrial & Logistics agency colleagues to arrive at market facing solutions to either drive value or minimise outgoings.
We have highly experienced logistics and industrial specialists based in Dublin with access to expertise across our wider Irish network, providing regional and local market knowledge and professional expertise.
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