RELOCATION ASSESSMENT

Arranging an assessment of two sites on behalf of a US Corporation

This project was to assist the Chief Executive in determining whether to relocate the business to a new site where the developer would build a brand new 250,000 square ft / 23255 sq metres purpose built facility, or to consolidate the business into a smaller company owned freehold property. The latter course was agreed coupled with the surrender of a long leasehold site with a consequent annual saving in rent in excess of £1.5million.

This decision made better use of an existing asset and contributed significantly to the profitability of the business.