Chiswick Park

MAJOR CHISWICK PARK LEASE REGEARS Established client Technicolor held leases on some 85,000 sq ft at Building 12, Chiswick Park and some 41,000 sq ft at Building 1. The lease on Building 1 expired September 2015 and we not only took an assignment of GB Gas’ lease in order to get our client inside the Landlord & Tenant Act, but also extended the Lease with the Landlords until December 2020 which, linked with a small rental increase on the larger Building 1, provided a substantial rent free period payable by the Landlord to our clients for their cooperation. Professional | Anthoyn Lorenz

8th July 2011, 10:46 AM

TECHNICOLOR SELLS COVENTRY WAREHOUSE: - Aldermans Industrial Estate, Coventry, CV2

Major corporate occupier, Technicolor, entrusted us with the sale of their Aldermans Park Warehouse comprising some 85,000 sq ft of second hand warehousing on approximately 4 acres of land and after extensive marketing, we located SLAM who concluded the purchase of the property for their own occupation at an agreed price of just under £2.5 million. Agency Disposal | Anthony Lorenz | Andrew Knights

22nd June 2011, 12:12 PM

4th Floor, Brook House, Shepherds Bush Road, London, W6

Two way dilapidations in Shepherds Bush. Technicolor faced a claim from their Landlord of £18,800 on space in which they occupied years ago and sub-let to Intrasphere Technologies Limited. A settlement was agreed with the Landlord that Techniclor would pay £7,500 with Intrasphere Technologies contributing further, which e were pleased with as we turned a loss into a profit. Professional | Anthony Lorenz

10th May 2011, 09:49 AM

3rd Floor, Manor House, 21 Soho Square, London, W1

In April 2008, See Group Ltd contracted The Lorenz Consultancy to dispose of this self-contained building comprising approximately 22,000 sq ft of office accommodation. After extensive negotiations with multiple corporate occupiers, come mid 2010 the decision was made for See Group Ltd to stay in occupation of the ground and 1st floors and to only dispose of the remaining upper floors, comprising approximately 10,500 sq ft. In October 2010, we successfully let the 3rd floor to Technicolor Holdings Ltd, comprising 3,807 sq ft at an annual rent of £40.00 per sq ft for a term expiring in February 2017. This was agreed subject to an initial 14 month rent-free period and an upward only rent review at the expiry of the 5th year. Agency Disposal | Andrew Knights

28th October 2010, 03:55 PM

Unit C, Swift Point, Cosford Lane, Rugby, CV21

Technicolor instructed The Lorenz Consultancy to act on their behalf throughout the whole UK portfolio which urgently needed a 100,000 sq ft warehouse in the Midlands. We located the Swift Point premises comprising sum 122,143 sq ft adjacent to an existing unit that they already had. A 9 year lease was acquired held at a rent of £4.25 per sq ft – virtually £2.00 below the passing rent subject to upward rent review in December 2014 but with a Tenant only option to determine either side of the review date. An initial 8 month rent free period was granted and a further 6 month rent free period if neither break option is exercised. Agency Acquisition | Anthony Lorenz | Andrew Knights

27th April 2010, 01:16 PM

Building 12, Chiswick Park, London, W4

Acting for our clients, Technicolor, we advised that the Landlord’s investment was jeopardised by the fact that the lease on this building comprising some 80,000 sq ft, due to expire in March 2018 was subject to a Tenants break clause in March 2014. An approach was made to the Landlords and a rent free period of over nine months was negotiated as a quid pro quo towards deleting the break clause and extending the lease until March 2020 subject to upward rent reviews in 2014 and 2018. A win-win situation for Landlord and Tenant alike. Professional | Anthony Lorenz

5th January 2010, 03:00 PM

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