Exhilarating Roller Coaster Ride in U.K.
September 18, 2011 | Posted In Corporate Real Estate Strategies, Newsletters
I could hardly write the terms fast enough – Freeholder, License to Underlet, Practical Completion, Upward Only Rent Review, Solicitors, Dilapidations, Superior Lease, VAT – before I added yet another one that I didn’t understand to the list.
This was the kick-off call for my first international real estate assignment. It followed the request from our corporate client’s real estate portfolio manager to resolve an issue in London that had become a big problem for him. He explained that others who had strong ties at the very top of his corporation had attempted to resolve this real estate issue and failed. Moreover, he indicated that if we solved this problem it would probably open the door to future assignments with this multi-national organization.
