Yarrells Property has advised German fund manager Invesco in the renegotiation of two lease contracts with major utilities company Gas Natural.

The two adjacent buildings, totalling close to 6,000m2 are located in City Parc, a 30.000m2 suburban business park.

Gas Natural has been in occupation since the buildings were completed some 10 years ago and with one year to run on their existing leases were considering relocating to alternative premises nearby.

After several weeks of discussions however a new long term commitment has been signed by the tenant, commencing July 2011.

July 2012