Industrial Agency & Development - disposal
Emerson Electric, Shoreham-on-Sea
- Diversified global manufacturing and technology company
- Over 140,000 employees and approximately 265 manufacturing locations worldwide
- Global turnover of circa $25billion
- Disposal of a small industrial unit (6,600 sq ft) which had been sublet
- Sub-tenant was planning to vacate and the landlord was unwilling to accept a surrender of the head lease
- With four years remaining and Emerson not needing to re-occupy, an alternative solution was sought
- Relieve Emerson of a surplus property liability
- To do so before any responsibility for the lease returns
+ more