News

Adriatic Land 3 Limited agreement with Redrow Real Estates Limited

For Leases granted by Redrow Real Estates Limited that were acquired by Adriatic at Crawford Building, London E1 and Kingston Riverside, Kingston-Upon-Thames KT2 We are pleased to confirm that, following an agreement between developer Redrow with Adriatic, Adriatic will offer to remove rent review clauses from 210 leases at Kingston Riverside, originally granted by Redrow with rent review clauses doubling more frequently than every 20 years (Doubling Clauses). Adriatic will also vary the overriding lease owned by Redrow at Crawford Building to permit them to vary those residential underleases held under their lease which contain Doubling Clauses.

Adriatic Land 3 Limited and Abacus Land 4 Limited agreement with Miller Homes Limited

For Leases granted by Miller Homes Limited that were acquired by Adriatic at Silsoe and Abacus at Fairfield Drive We are pleased to confirm that, following an agreement between developer Miller Homes with Adriatic and Abacus, Adriatic and Abacus will offer to remove rent review clauses from 3 leases at Silsoe and one lease at Fairfield Drive respectively, originally granted by Miller Homes with rent review clauses doubling more frequently than every 20 years (Doubling Clauses).