Local business remains open with support from law firm

Monday 14 December 2020

Monsoon will continue trading following a brief closure during the COVID lockdown.

A deal to maintain the lease on the 26 & 28 High Street location, was facilitated by an Associate at Mourant.

“We worked hard to negotiate a new lease for Monsoon Stores,” said Laura Bougourd, “which means two of the most prominent properties, right in the heart of St Peter Port’s traditional high street shopping area will continue to be used for retail purposes.”

Mourant helped renegotiate various aspects of the agreement and it included a relatively uncommon feature in Guernsey, a turnover rent.

Pictured: Managing Partner, John Lewis, commended Associate Bougourd for her help facilitating the deal.

“We are delighted to have helped facilitate their continued trading following what has been an extremely difficult time for the retail sector,” said Guernsey Managing Partner at Mourant, John Lewis.

“Laura Bougourd is very experienced in negotiating leases and she added value to the agreement by completing a professional and timely lease negotiation, allowing Monsoon to re-open their store following a brief closure during the COVID lockdown.”

Pictured top: Associate Laura Bougourd said she was able to, "promptly renegotiate aspects of the agreement."