news-trinity-leasesurrender-rentreview

One of the UK’s largest newspaper publishers, Trinity Mirror plc, instructed McCalmont-Woods to arrange the surrender of its two leases comprising close to 56,000 sq ft on the 17th and 24th floors of Canary Wharf’s One Canada Square, London E14.

Terms were duly agreed but before the surrenders could take place, Trinity Mirror further instructed McCalmont-Woods to negotiate an additional 195,000 sq ft under-lease rent review against Canary Wharf Group plc, and a 52,000 sq ft sub-underlease rent review against State Street Bank & Trust Co., both as at 20th June 2008. In total, advice was provided on approximately 300,000 sq ft of prime office space.

Mike Shaw, Trinity Mirror’s Group Services Director, said of founding director Nick McCalmont-Woods: “He acts in an utterly professional and conscientious way and has a unique ability to understand his clients’ requirements from day one, without being overawed by the task at hand.”