D1 Property & D2 Commercial Property in London
It is often argued that both D1 and D2 are areas in property that can be misunderstood as they are dealt with by companies that do not specialise in what is an extremely specialist area of the commercial property market. As a result companies looking for D2 commercial space or D1 property in London or are often under-serviced and do not receive the level of expertise required to put together commercially viable and competitive deals, as would be required by a well represented tenant or occupier.
D1 Property: Non residential Institution
D1 commercial property is classified as a Non Residential Institution such as any educational premises, surgeries, day centres', art galleries, museums, libraries, training centres', halls and churches.
D2 Property: Assembly and Leisure
D2 property is classified as Assembly and Leisure: Cinemas, concert halls, bingo and dance halls, casinos, swimming baths, skating rinks, gymnasiums or sports arenas.
DeVono Cresa's D1 & D2 Commercial Property Search
At DeVono Cresa, we specialise in D1 premises and D2 properties over 10,000 square feet in Central London, focusing on universities, study centres and employment training centres'. We have an excellent understanding of the type of accommodation that will be best suited to your needs. DeVono Cresa has advised clients on more than 100,000 sq ft of D1/D2 space in the last year ranging from government funded employment training centres to universities and study centres'.
At DeVono Cresa we strive to negotiate the most competitive deals available. The industry tends to benchmark D1 and D2 rents against office space (defined as B1), however we appreciate that D1 and D2 rents are within a market of their own and we pride ourselves on our up-to-date, specialist and specific knowledge.
Availability for both D2 and D1 property in London can be limited. However benefiting as we do from one of the largest and most successful London office agency teams, we are able to use our considerable resources and industry relationships to identify numerous options that whilst perfectly suitable for D1 or D2 consent, do not currently enjoy those particular use classes. Once we have identified them, we simply use our specialist know-how to gain the necessary consents for a change in the established use class. This way our clients get what they want.
If you would like any further information or help on your search for a D1 commercial property or D2 premises, please call us on 020 7096 9911, email or fill out the enquiry form.