Information for Land Owners
Local Property Owners play an important role in the Irish telecoms industry
Over the past twenty-five years, the Mobile Network Operators in Ireland have approached individuals or SMEs in strategic locations to secure lease or rental agreements which allow them to install telecoms equipment on their property.
The installation is typically either one of the following:
- a telecoms tower or mast on the land of the local property owner
- a rooftop antenna on a building belonging to the local property owner
The Mobile Network Operator then make an annual lease or rental payment to the local property owner for the right to locate and operate their equipment from that location.
A tower or mast lease premium is a single lump-sum payment offered to a local property owner or SMEs in exchange for the right to receive the lease or rental payment directly from the Mobile Network Operator in the future.
What are the options to receive this mast lease premium?
If you have a lease or rental agreement related to communications equipment on your land, then please contact us now and we can talk you through some options.
The local property owner can sell the rights to the Mobile Network Operator lease or rental agreement only to Cellnex and retain the ownership of the land under the tower or mast.
Under this option, Cellnex will only buy the rights to the income from the lease or rental agreement with the Mobile Network Operator from the local property owner in exchange for a single lump-sum payment.
The local property owner can sell the rights to the land and the Mobile Network Operator lease or rental agreement to Cellnex.
This is offered in exchange for a single lump-sum payment.
What is the process?
The initial discussion and information gathering session will focus on the following:
Cellnex will review the lease or rental agreement with you and provide an assessment of the risks and potential benefits within the agreement.
Cellnex will also review any relevant documentation related to the site e.g. title, planning permission.
Letter of Offer
Once a review of the documentation is completed, Cellnex will prepare a valuation and an offer will be made to the local property owner in writing.
Upon acceptance of the offer, Cellnex will complete a short due diligence process and arrange for the legal paperwork to be completed.
We will seek to complete the transaction as quickly as possible and we aim to have transactions closed in 6 weeks leaving you free to plan what to do with the proceeds.
If you have any further questions then please contact us.