Case studies
Willis UK Limited
Reducing the risk of lease end costs for Willis By implementing a strategic Planned Preventative Maintenance Programme years in advance of the lease end we ensured Willis’ dilapidations liability would essentially be covered by the service charge- Location Kingston Upon Thames, UK
- Key figures 80,000 sq ft office with ancillary retail
- Additional Information Dave Chisnell, +44(0) 20 7338 4030
- Project Summary By implementing a strategic Planned Preventative Maintenance Programme years in advance of the lease end we ensured Willis’ dilapidations liability would essentially be covered by the service charge
Results
Results
The
successful management and implementation of the planned maintenance works
meant that there were zero dilapidations for the client.
It also meant that the Property Management team were able to negotiate an
early surrender of the building
Challenges
Challenges
The end
of Willis’ lease was approaching and they needed advice on how to exit the
property as economically as possible.
It was important that they managed the relationships between the sub
tenants, who were keen to minimise costs in a difficult financial
environment, and the freeholder, who was interested in maximising their claim
to fund improvement works.
English