Lease surrender removes liability for client

December 10th 2015

Riga Wharf

KBW has successfully negotiated the surrender of its client’s lease of Unit 2B Riga Wharf, Gloucester. Chris Mullins Tyres had relocated into a nearby unit to facilitate a business expansion, with its Riga Wharf unit becoming surplus to requirements. Following a marketing campaign, KBW identified a party which was able to agree terms for a new lease directly with the landlord, thus enabling CMT to surrender its lease with a little over 2 years liability remaining.