European Springs were expanding and required larger premises. Following a management buy-out where the previous owners of the business were also the landlords the tenant had to return the building to it’s original condition to a date prior to the MBO. Reinstatement of the industrial premises to its original layout was required.
Initial review of the lease plans and Licence for Alteration identified that a number of partitions and reinforced concrete floors could be retained. The Landlord required these to be removed. Upon further analysis it was noted that removal of plant and equipment would leave the original partitions and reinforced concrete floors in poor repair, removal was more cost effective.
Early identification of the potential issues and engagement with the Landlord enable the extent of work, cost and timescale to be effectively managed and the property returned in appropriate compliance with the tenant’s covenants.
Initial review of the lease plans and Licence for Alteration identified that a number of partitions and reinforced concrete floors could be retained. The Landlord required these to be removed. Upon further analysis it was noted that removal of plant and equipment would leave the original partitions and reinforced concrete floors in poor repair, removal was more cost effective.
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