Lyle & Scott | Success Stories | SHB

Lyle & Scott

Lease Advisory Lease Advisory Lease Advisory Lease Advisory Lease Advisory

Size: 9,508 Sqft.

Sector: Retail

Service: Lease Advisory

Address: Camden, UK

Type: Conventional Office

Website: https://www.lyleandscott.com/?srsltid=AfmBOor7-SGwvnddbFOfqCwJZtybb0WDtEa44Vcgws9B3b9bTaTi9sGO

Lyle & Scott Ltd faced a critical “stay vs. go” decision, balancing their need for more space with the goal of keeping costs down. Their final choice depended on securing the right deal, but the decision-making process was challenging.

Ultimately, they opted to remain in their existing space, negotiating a lease renewal on highly favourable terms. The new agreement secured a five-year lease with a mutual break at the third year, along with a significant initial rent-free period and an additional rent-free period if the break is not exercised. This strategic move resulted in an estimated saving of £300,000, ensuring financial efficiency while maintaining their established office location.