Published date: 12 April 2019
Our head leases were due to expire in March 2023 but had originally included tenant break options in June 2019.
Options analysis was undertaken, which considered consolidating space and relocating altogether, but following discussions with the customers and detailed financial analysis, it was decided that the best option was to stay in the current buildings and pursue lease re-gears which would provide an opportunity to extract value from the lease breaks.
Using our expertise in lease negotiations, we were able to take advantage of the upcoming lease breaks for the benefit of the NHS.
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“NHSPS dealt with the whole review of the options in a very professional and helpful way, they were able to recommend a clear course of action that made sense for all occupiers, and benefitted the NHS system as a whole. Karl was very helpful, available to offer individual advice and expertise, and ensured the whole process went smoothly.”
John Ross, Head of Corporate Services, NHS Improvement