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Case Study

Law firm lands pre-let at St Peter’s Square

JLL advises Addleshaw Goddard on 52,000 sq ft pre-let

JLL advised Addleshaw Goddard on the pre-let acquisition of 60,000 sq ft at 3 Sovereign Square in Leeds. Addleshaw Goddard will take three and a half floors within the 93,240 sq ft Grade A building and will relocate its 400 Leeds-based staff from its current offices opposite.

Our role involved:
Assessing Addleshaw Goddard’s existing building from a location and size point of view, this involved:

  • Lease renewal options with their existing landlords.
  • A full market analysis report of available opportunities was undertaken, including short-listing of preferred options and negotiation of the best terms.
  • Detailed cash flows of the short-listed scenarios, dove-tailing exit costs of our client’s existing premises, including dilapidations where advice was also provided.

JLL negotiated detailed heads of terms and advised fully throughout the legal process. Confidentiality was crucial to all parties and the deal clearly demonstrated our business integrity.

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