Client:
Capita Group Plc
Role:
Providing strategic advice on managing
the dilapidations liability in relation to a lease termination
the dilapidations liability in relation to a lease termination
Value:
Contractual claim: £1.8m
Set Square advised their client by assessing the dilapidations liability including reviewing the lease covenants and reconciling current condition with the landlord’s schedule of condition.
Advising the client on strategy to obtain the best outcome including preparing and budgeting to undertake the dilapidations repairs in order to strengthen the client’s negotiating position and provide options to manage the liability.
Added Value:
- A financial settlement was negotiated to deliver a saving of approximately £1.6m
- Our involvement identified significant risks to the ongoing use of the site as a document storage archive and enabled the client to relocate the business to alternative premises which also generated significant operational savings