Client: Sigma AC
63,000 sq ft Warehouse
Sigma AC were close to securing additional business from their client Boots the Chemist. The main drawback was that this would necessitate them finding and securing modern warehouse facilities in the region of 50-70,000 sq ft close to their existing headquarters at Normanton in a tight market.
The lack of supply was one issue, the second being that Sigma, to match their customers commitment to them, were only prepared to take a 5 year lease with a 3 year tenant break option.
Whilst there was an obvious solution in Building 1000 at Normanton, the landlord M & G was reluctant to consider a 5 year term, let alone with a 3 year break, having only recently secured vacant possession of the property
Gent Visick monitored the availability of this unit and when Boots were ready to commit we knew that the landlord had recently been in discussions with a third party however this had fallen through. We were able to use our close relationship with M & G to take advantage of a lull in the level of enquiries for the unit and negotiated a new five year lease with a three year break option for our client.
WHAT OUR CLIENTS SAY
“We knew that finding the right building to meet Boot’s quality expectations would be difficult and Gent Visick were able to provide us with not only a range of options but were ultimately to negotiate the right deal for us on the property that we wanted.”
Jonathan Haigh – Sigma AC