NEWS AT DEVONO

DeVono Cresa assist creative agency in finding new offices in Covent Garden, WC2

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DeVono Cresa love acting for creative agencies and once again a  very successful conclusion was met with this new client.

The reason for this company needing to move was due to a notice being served to vacate their current London office as their landlord had plans to redevelop their building.

DeVono Cresa helped advise them on location, lease length, budget and hidden costs and then formed a brief for their new office search.

Following the first round of viewings a detailed analysis and cost comparison of all the buildings that had been viewed was constructed by the DeVono Cresa research team and this dramatically assisted our client in narrowing the options down into a short list of 2 preferred office options.

DeVono Cresa then carried out viewings on the shortlist buildings with the senior management team.

The ideal office in Covent Garden, WC2, offering over 5,000 square feet stood out as the favoured option and DeVono Cresa commenced negotiations.

An assignment of the lease, including a reverse premium was agreed within the Heads of Terms by DeVono Cresa.

DeVono Cresa also produced a building survey and advised on the dilapidations liabilities of the building our client was exiting.

We had regular discussions between our client and their solicitor in advancing the conveyancing process.

The Finance Director at the company was delighted with the transaction and said: “We worked with DeVono Cresa in order to acquire a new London office. DeVono Cresa were careful to understand our requirements and identify a range of suitable accommodation and after final selection, negotiated beneficial lease terms on our behalf professionally and effectively. DeVono Cresa combine what appears to be a rare combination in the property industry of expert knowledge, commercial astuteness, and enormous appetite to deliver the best possible outcome across all of the leasing points. As the negotiation process wound to a conclusion (with the vast majority of points having been settled in our favour I should add) they were again hugely impressive in their willingness and ability to identify and fight successfully the right battles of the ones remaining and to marshal our solicitor throughout this period. We were impressed by their commitment to the task, and would have no hesitation in working with DeVono Cresa again.”

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