LEASE RENEWAL and
OFFICE REFURBISHMENT

Chequers House, Cambridge
Aberdeen Asset Management

Lease Renewal and office refurbishment on Newmarket Road, Cambridge.

What we did

  • We acted on behalf of the landlord on the lease renewal of a self-contained office let to a local firm of solicitors.

  • In addition to agreeing the new market rent and heads of terms for the new lease, we agreed terms for the landlord to carry out a CAT A refurbishment of the building to include new raised access floors, suspended ceilings with modern LED office lighting and a new VRF Air-Conditioning system. This involved seamless liaison between ourselves, our client’s solicitors and Bidwells’ building consultancy team, who are undertaking the refurbishment works.

Result

  • Bidwells provided significant enhancement to the capital value of the investment from the new 15 year lease to a strong covenant in a newly refurbished building.

 

17.6k sq ft

self-contained office in central Cambridge

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