Matthews & Goodman has advised FRP Advisory LLP on the relocation of its Manchester city centre office.
The national business space team successfully acquired 4,000 sq ft at the recently refurbished Abbey House on Booth Street, on behalf of the specialist business advisory firm.
FRP sought new premises following a period of growth, when headcount across its corporate finance, debt advisory and restructuring divisions increased.
Having originally desired to remain in their current premises, Matthews & Goodman advised the firm of a forthcoming available suite and engaged with the landlord to structure a lease regear. When the tenant in question decided to delay their exit however, the decision was made to relocate.
During the acquisition process, Matthews & Goodman provided detailed technical advice on Landlord & Tenant liability matters, ensuring the client’s financial risk was reduced. Early access was agreed to enable the fit out to be completed, which had the added benefit of negating double overheads. Following extensive negotiations, the existing lease was surrendered with no premiums or dilapidations.
David Laws from Matthews & Goodman commented, “FRP’s objective was to transition seamlessly to new premises which reflected their brand and market profile. Although they were unable to remain in Ship Canal house, we were able to acquire high-quality space in a central-Manchester location which will support FRP as it continues to grow.”
The landlord was advised by Avison Young.