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Head of The Lorenz Consultancy Lease Advisory Department, Richard Russell, talks about the nature of Rent Reviews
The acquisition concluded an extremely successful campaign on behalf of Jo Cowan Architects
Fawcett Mead instructed us to handle the renewal negotiations at their offices in Great Portland Street, whilst simultaneously searching for suitable premises to relocate.
We were retained by Jackson Parton Solicitors, to source suitable office space for relocation, driven by lease expiry.
We were introduced to Emoov, the fast growing well funded online Estate Agency, to handle an urgent requirement to expand their London office, simultaneously consolidating the company as a whole into the City.
Passfort were occupying serviced office space in SE1, and the planned expansion of the business justified taking better value conventional space.
Ending a tenancy requires compliance with every aspect of the terms stated in the lease
The tenant is not obliged to repair any defects that are specifically noted in the schedule of condition
We continue to actively seek additional sites for our client in Zone 1 locations
Why new technology is having a greater impact on property than political change
Already a year has passed and i have gone from working in a supermarket with no experience or knowledge of the industry, to where I am now.
Submissions and counter submissions were made to the appointed Independent Expert who determined the rental value below £880k per annum.
70th Birthday and 50th Year in the Business – Let the party begin!
The Linton Group, a long-standing client, instructed us to market the entire building on 12 – 18 month leases, to accommodate future plans to redevelop
Over 10% of 2018 Reviews may go to Arbitrated Determination
Download our 2018 Market Rent Guide
The majority of our Lease Renewal cases are settled by negotiation, without litigation
Without Expert advice, there is a threat of a Tenant being out manoeuvred by a Professional Landlord
Most businesses are fluid and change to adapt to market conditions
Have a clear understanding of the number of people in the business
Despite Brexit and a Hung Parliament, demand for space in Central London has continued to strengthen
It is predicted the total volume of commercial real estate transactions in central London during 2017 to be £20bn
London held its top position in the analysis of 50 major European economic cities
If you have a Rent Review on the horizon, use our checklist
London continues to display more cautious sentiment with 73% of respondents in central London sensing the market to be in some stage of a downturn.
A huge thank you to our numerous clients who rely on us and trust us to deal with their property matters.
The Lorenz Consultancy have managed the parade of offices on Tottenham Court Road on behalf of Lazari Investments Ltd for many years
Jo Cowen Architects instructed us to source and secure a new premises, to accommodate urgent expansion requirements
The moral of the story is to seek top Professional advice both from your Agent and Lawyer
Small Back Room instructed us to surrender their existing lease and negotiate a new lease on new space owned by the same Landlord
We have handled a number of retail lettings along the same parade in Fulham Road for many years, and in April we had all units occupied / under offer
There is a very simple way to give Tenants protection and satisfy the Landlord’s desire to preserve the value of their assets
Only one floor remains – 1,860 sq ft on the 1st floor at 48 George Street
We have negotiated the successful acquisition of the fully fitted 3rd floor at 25 Old Burlington Street, comprising some 3,472 sq ft
Tenants should do their research on potential Landlords who act in this manner and avoid
Echo Energy take the penthouse with a private roof terrace
8 Headfort Place is arguably the best quality serviced office in London
How will the economy and the need for commercial property in Central London be affected by the Conservative Government’s need to think smarter and work harder to get the support of other parties in order to govern effectively?
We have been through Brexit and now have radical changes of Governance ahead via a hung parliament
Before the electoral results rolled in, betting on a hung parliament was 5-1 against
We were entrusted once again to secure identified premises for IPE International Publishers’ relocation
Our advice is simple, an occupier should compare true costs of serviced offices vs traditional offices, and then decide whether it is worth paying the extra cost for flexibility
127 is now fully let but 125 Fulham Road and 129 Fulham Road can be made available
The letting to Jam Bar, a new food and drink concept has been completed on 1,038 sq ft
Investment banking provider LXM Group has relocated its UK headquarters from Belgravia to the redeveloped 48 Pall Mall offices, becoming the building’s first Tenant
The 1st floor office comprising 1,699 sq ft has been let to security app firm Panic Guard
In October 2016 we were brought in to handle an outstanding rent review on 2 Hay Hill on behalf of the Tenant
It is the human touch that clients want, and a mutually respectful relationship where the space seeker entrusts the agent to negotiate best terms on his behalf.
We are receiving more enquiries for new offices than ever, from a mixture of sectors, with some now instigating their expansion plans, some now confident in securing longer term accommodation, and start-ups seeking flexible space
We were instructed to market the 4th floor of 20-22 Bedford Row, comprising some 1,400 sq ft
Arts & Media completed a lease on the 1st floor & mezzanine, at 49 Great Cumberland Place
Within a speedy time frame we completed a letting to a property development company on a fully inclusive basis
Floris Estates instructed us to find a new Tenant for the 1st & 2nd floors, comprising some 494 sq ft and 616 sq ft respectively
Following an extensive marketing campaign, a new lease was granted to Susi & Lee for a term of 10 years, at a record rent for the unit
See Group settled into temporary space until their new HQ is ready
Our Client held a lease on a 22,000 sq ft building in Soho Sq, and following extensive negotiations with the new Landlord, we agreed that See Group would be able to remain in occupation
From our perspective, the market now is even busier than it was in the build-up to the Brexit vote
We were able to secure a strong letting to a Tech firm because of strong interest from several parties
Money & Co’s lease expired in March 2024, with a Tenant only break option and Rent Review in March 2019
We were instructed on behalf of Rhodium Resources, an overeas trading company, to source a suitable office space within the insurance district of the City asap
A major broadcasting company occupy the entire 2nd floor comprising some 21,000 sq ft, and instructed us to sublet space which was surplus to requirements
A successful surrender for a firm of Solicitors
A successful settlement for the Landlord, at a 33% increase from the previous rent
86-94 WESTBOURNE GROVE, LONDON W2 On behalf of a long standing Client, we were instructed to handle the marketing and reletting of 2nd, 3rd & 4th floors comprising a total of 6,500 sq ft. Following a short time marketing we secured the letting of the top floor comprising 1,528 sq ft to Deliberate PR Ltd, […]
Having acquired the lease in 2012 on behalf of a private family office, they instructed us to assign the lease expiring in April 2017
A well established Client of ours and famous designer brand, Moncler, instructed us to find them some overflow space close to their HQ
ParisTech approached us to help them source larger Knightsbridge office accommodation, to expand and fit all staff under one roof
Not long after having handled their Rent Review, One Wall advisors instructed us to market the lease on their Mayfair office
We agreed terms with a publishing company to sell a new long leasehold interest, subject to planning permission, for change of use to B1 offices
Lazari Investments entrusted us once again to market the 2nd floor at Butler House
Francis Sultana, an established high end interior designer, held a lease expiring in 2021, and has aspirations to relocate to larger premises in Mayfair
We received instructions to find a new Tenant for the lower ground floor office space, comprising some 1,009 sq ft
The Freehold sale of 164 Old Brompton Road, led to the sale of the above premises to the same purchaser for some £750,000
Having acquired 3 adjoining 1st floor suites for Menztendorff for the long term, we were instructed to market one suite by way of a sublease
Having handled the recent Rent review, Otto Oumo, a very high end mens fashion brand, instructed us to market the lease held on their Mayfair showroom
Property Week reports on The Lorenz Consultancy’s new office move, our seventh move in Hanover Square
We were retained by Arc and Co to find suitable offices to relocate their business
We completed the sale of the long leasehold interest to FMS Publishing