Case Study: Substantial savings secured for Baker Tilly over next seven years
Baker Tilly appointed us to manage the disposal of 17,500 sq ft of sixth floor office space and 10 parking spaces at 2 Wellington Place. The accountancy firm had inherited the lease following its merger with RSM Tenon in 2013.
The property could not be marketed openly, a challenging prospect that we were able to circumnavigate thanks to our knowledge of the market and extensive network of contacts in the region. We confidentially marketed the premises through our deals database, negotiating an off-market deal with BskyB which sees the communications giant take on the lease for the next seven years.
Commenting on the deal, Baker Tilly’s partner responsible for property in Leeds, Paul Byrne, said: “This deal allows us to have much more suitable accommodation over the next few years whilst also reducing our costs, and I can only applaud Sanderson Weatherall’s professionalism and tact in this matter. Without their knowledge and ability to work with us on this sensitive negotiation process we would not have been able to agree this disposal.”
The disposal deal, completed in September 2014 was the fourth largest of the year and will see the accountancy firm save around £500,000 per annum in the succeeding seven years.