Global Real Estate News That Effects You

SAN FRANCISCO, July 27 /PRNewswire/ -- Global Real Estate Consultants is advising their clients to review their French leases.

An interesting development in France is that tenants have recently been granted the statutory right to ask for a court ordered rent fixation. This is due to the fact that the automatic rent increases in many cases have exceeded 25 % over the last few years. In order to avoid legal complications and costs many landlords are prepared to renegotiate rental terms.  Our team in Paris has already successfully renegotiated several leases on behalf of our clients and in one instance was able to cut their prime location rent from 800 Euro/m2 per year down to 550 Euro/m2 per year. This saving translates to Euro 925,000 per year, or Euro 4.5 Million over the life of the lease, which equals $5.8 Million.

"Our team in France has worked diligently over the past weeks to strategically renegotiate rental terms on our clients' behalf," says founder and company principal Erich Struzyk. "The benefits for our clients have been quiet substantial and many clients were wondering as to why they have not been made aware of this ruling by the bigger landlord focused brokerage firms." Mr. Struzyk suggests, "That the reason for this might be their usual conflict of interest." Global Real Estate Consultants has a widget that can quickly tell how much the potential savings amount can be, provided the tenants meet the statutory requirements. That widget is available from Global Real Estate Consultants upon request.

About Global Real Estate Consultants

Global Real Estate Consultants (http://www.globalreconsultants.com) offers leading-edge corporate real estate advice, including portfolio, asset, location, transaction and workplace strategies. The expertise on global projects is far beyond simply having resources within a network. Global Real Estate Consultants leverages the expertise of global best-in-class resources, including consultants, economic development agencies, municipalities and other key components in order to provide an unrivaled, unbiased, and comprehensive solution.

Global Real Estate Consultants has provided solutions that their clients were not able to obtain from any other provider at any price. Global Real Estate Consultants is a consultancy oriented and not brokerage driven firm - which mitigates the usual conflicts of interest.  

SOURCE Global Real Estate Consultants, LLC