NEWS AT DEVONO

DeVono Cresa Secure a Larger Than Average Rent Free Period in The City, EC3

Share:

Our client provides international businesses with trading for foreign exchange and global payments services.

They had just six months before their lease break and were in need of advice regarding whether to stay in their current building or serve their notice.

DeVono Cresa produced evidence to support the decision to remain within their existing office space and re-launched the search 8 months before their office lease break option.

The client was looking for a smart corporate building to reflect their international stature and excitingly the space had to reflect their expansion plans. They wished to remain near their current location in EC3, as their clients associated their business with this area within the City of London.

DeVono Cresa viewed every option both on & off market that matched our client’s business requirement, of which a shortlist of 3 was produced. We advised them on a pre-fitted office space, located on Fenchurch Street and saved them considerable expense on any interior build work they would have required.

A larger than average rent free period of 18 months was agreed over a 7 year lease period. 

The acquisition was completed within our clients time frame, allowing them to move out of their old office seamlessly and most importantly, within budget.
 
DeVono Cresa saved the client £375,000.

Our client’s comments on the service DeVono Cresa provided were: “DeVono Cresa’s knowledge of the London City market is strong and on many occasion provided clear explanation and suggestions that assisted us with avoiding pitfalls. Throughout the negotiation and legal phase, DeVono Cresa was always on hand to provide sufficient pressure to all parties involved in the transaction. I would certainly recommend that other businesses who are relocating, talk to DeVono Cresa.”

By: Kirsty MacGregor

Our client provides international businesses with trading for foreign exchange and global payments services.
They had just six months before their lease break and were in need of advice regarding whether to stay in their current building or serve their notice.
DeVono Cresa produced evidence to support the decision to remain within their existing office space and re-launched the search 8 months before their office lease break option.
The client was looking for a smart corporate building to reflect their international stature and excitingly the space had to reflect their expansion plans. They wished to remain near their current location in EC3, as their clients associated their business with this area within the City of London.
DeVono Cresa viewed every option both on & off market that matched our client’s business requirement, of which a shortlist of 3 was produced. We advised them on a pre-fitted office space, located on Fenchurch Street and saved them considerable expense on any interior build work they would have required.
A larger than average rent free period of 18 months was agreed over a 7 year lease period. 
The acquisition was completed within our clients time frame, allowing them to move out of their old office seamlessly and most importantly, within budget. 
DeVono Cresa saved the client £375,000.
Our client’s comments on the service DeVono Cresa provided was: “DeVono Cresa’s knowledge of the London City market is strong and on many occasion provided clear explanation and suggestions that assisted us with avoiding pitfalls. Throughout the negotiation and legal phase, DeVono Cresa was always on hand to provide sufficient pressure to all parties involved in the transaction. I would certainly recommend that other businesses who are relocating, talk to DeVono Cresa.
Share: