Situation

  • The existing tenant is in financial difficulty
  • There is a risk of the tenant going into Chapter 11 or bankrupt, meaning the premises are controlled by an administrator for up to 2 years before being returned to the landlord

Action plan proposed

  • Convince the tenant to vacate
  • Negotiate an early termination of the lease in return for a premium
  • Market the offices to secure a new tenant at market rental levels

Result

  • An agreement to terminate the lease was signed with the payment of a premium for departure of the tenant
  • The premises were vacated before the tenant went into liquidation
  • Offices leased to a new tenant for a rent 3 times higher than previous level
Property Management - Boetie Partners - Paris
Revalorisation locative - Boetie Partners