Acting on behalf of Quantum Storage Ltd in Bracknell, BDT have negotiated lease surrender terms with Arlington, extricating Quantum from a further 4 year lease period at Building 3, Arlington Square.
The catalyst to the transaction was interest being expressed in Quantum’s space from Quest Software Ltd, who not only negotiated a new lease on Quantum’s 6,500 sq ft of offices, but also on the adjoining vacant space in the building, ultimately resulting in an overall new letting of 13,500 sq ft at a headline rent of £23.00 per sq ft.
BDT negotiated attractive surrender terms on behalf of Quantum, enabling them to ‘walk away’ from liabilities and future obligations, in return for a surrender premium agreed at a highly reasonable level.
Quantum were tasked with vacating the offices swiftly in order to enable Quest to commence their own fit out works. They have taken space within one of the Regus offices in the town as a temporary measure. BDT now hope to assist with the search for more suitable offices in the foreseeable future.
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Contact for further information:
Baker Davidson Thomas
Telephone: 01256 840 777
28th February 2018