To secure timely vacant possession of existing units (on protected leases) at Newcastle Railway Station to facilitate a £12 million redevelopment, including 14 new retail units, relocation of a travel centre/ticket office and new passenger facilities.
Opportunity beyond the brief:
Lambert Smith Hampton was also able to add value to the project by advising on space re-configuration, increasing retail opportunities and improving rental potential.
Vacant possession was secured smoothly, the new space was optimised for retail and commercial advertising and improvements to tired food outlets were negotiated.
Extra income in excess of £1 million.