Kings Cross Telecoms Rooftop Open Market Rent Review

Project summary

• Rent increase effective from 11th May 2015 increased from £18,000 per annum to £19,500 per annum.
• Rent increase effective from 11th May 2018 increased from £19,500 per annum to £20,000 per annum.
• Rent increase effective from 11th May 2021 increased from £20,000 per annum to £22,300 per annum

Solution

• All three rent reviews were carried out using Fisher Germans internal telecoms database for Open Market comparable evidence to negotiate the rent reviews on behalf of the landowner.

Benefits

• Using Fisher German ensured the land owner received a back rent of over £15,000 and achieved rental increases in line with the Open Market for two reviews carried out post the introduction of the Digital Economy Act 2017.