Tuesday, 30 August 2016 News

Murphy secure rent reduction in Fairhill Centre Ballymena

Murphy secure rent reduction in Fairhill Centre Ballymena

Murphy Chartered Surveyors, one of Northern Ireland's leading retail and leisure advisers has secured a rent reduction in the fairhill  centre Ballymena.

Murphy had been appointed by Card Factory to review and negotiate their potential lease renewal options in the scheme at in the middle of 2016.

Following discussions and negotiations with the landlord's, we have have been able to secure commercial terms for the client that should allow them to have a sustainable profitable business in the scheme over the coming 5 years.

As part of the negotiations Murphy have been able to reduce the passing rental by a large percentage, secure some incentives to remain in the scheme, as well as adjusting terms in the current lease that reflect market conditions and changes to lease structures, our client now requires.

If you think Murphy could help advise you on a lease renewal then give us a call, Card Factory did.....