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15th May 2010

Acquisitions on the go!

Richardson Commercial have recieved instructions to act on behalf of 3 companies in seeking office accommodation in both Newbury and Swindon.

Working jointly with King Sturge, the practice is seeking 5-6000 sq ft of good quality office accommodation in Swindon on behalf of Travelport, the travel services company. "Richardson Commercial's task is to search negotiate and ultimately acquire a new office building", says Paul Richardson.

In addition the practice continues to seek a stand alone office building in Newbury on behalf of a local accountancy practice as well as searching for 2-3,000 sq ft offices for a local language school.

"In times such as these occupiers are often able to achieve rent reductions but it is fair to say that the devil is often in the detail. Repairs, dilapidations and break clauses can be equally important as headline rent" Says Paul Richardson..