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TFK secure substantial premium from LIDL

TFK secure substantial premium from LIDL

2nd April 2019

Acting on behalf of the landlord in relation to shop premises at 46 Cranbrook Road, Ilford, Taylor Freeman Kataria have secured a lump sum premium from tenants Lidl in consideration of a surrender of their existing lease. Despite Lidl’s efforts to assign their lease following their relocation to High Road Ilford, it was agreed that severing all ties with the property was a more viable and risk-free solution than to be kept on the hook by way of an Authorised Guarantee Agreement in the event of a successful lease assignment.

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