Reading, Sussex House

Rent review

The Challenge

The Duke of Northumberland Estate own Sussex House, an 18,000 sq.ft office building in Central Reading. A rent review was due and the Estate wished to maximise their income and asset value. However it was already well rented but with some potential for an increase.

The Solution

Campbell Gordon were appointed to negotiate the review terms. Based on their expert knowledge of the market they were able to put together a compelling case using market evidence, to demonstrate the case for an uplift.

The Result

A 5.6% rental increase was secured for the Estate.

'We picked Campbell Gordon for the rent review on Sussex House because of their strong track record in this area and their positive approach. Initially it seemed unlikely that an uplift could be secured, but Campbell Gordon were persistent and professional, and in the end got the result we wanted.'

James Jackson - Director, The Duke of Northumberland Estate

 

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