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The property, occupied by Booker Limited, extends to approximately 24,500 sq ft and the revised rent agreed represented an annual increase in excess of 60%, amounting to over £350,000 of additional rental income over the remainder of the lease.

Rachel Finn, Director at SHW Property said: “It was fantastic to reach a negotiated settlement securing a significant rental uplift for our client following protracted discussions with the tenant.”

Arshad Gani, Director of Ganco Assets said: “We are extremely pleased with the outcome of this rent review. SHW’s expertise and persistence throughout the negotiation process delivered an excellent result, reflecting both the property’s strong fundamentals and the continued confidence in this location. The uplift achieved will make a meaningful contribution to the performance of our portfolio, and it further reinforces the value of our long-standing relationship with SHW.”