Cluttons was instructed by Pentalver Cannock, a subsidiary of The Maersk Company, to advise on the rent review of their 22 acre rail connected, container storage facility in Cannock. The site, previously a coal distribution depot used by UK Coal, was completely reconfigured by Pentalver, including levelling and the creation of surfaced yard for container storage and a transport depot. Outcome The landlord quoted an increase in rent of 42%. Cluttons’ Lease advisory team advised that the site was to be valued in its "as let" condition disregarding tenant’s improvements and reported an opinion of rental value below the passing rent. We were instructed to negotiate the rent review. Agreement could not be reached through negotiation and the matter was referred to an expert determination: The in

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