Lease renewal of logistic warehouse in Alovera
Pressure on margins and the prevailing financial situation i.e. decrease in sales in the logistic sector, Tech Data (TD) needed to reduce the area leased within their warehouse at Alovera, Guadalajara, owned by Invista Real Estate.
Although TD had 2 years unexpired on their lease we prepared a negotiation strategy to include the liberation of an excess unit of 13,000m² and a reduction in rent on the unit required longer term (21,000m²).
Prepared a proposal with TD. Negotiated hard against the landlord to achieve the best economic results and advised Tech Data on the terms of the new lease contract. Our local market knowledge and comprehensive range of services supplied via Steven Watt have allowed us to find the most suitable solution for their facility. The total saving for TD was in the order of 1M € over a 4 years lease term .We also achieved flexibility in the contract length.