Brief:

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.

Result:

Vacant possession was secured smoothly, the new space was optimised for retail and commercial advertising and improvements to tired food outlets were negotiated.

Added value:

Extra income in excess of £1 million.