This client engaged DeVono Cresa after several months of searching for suitable office space on their own.
They are the largest operator of open-top sightseeing tours in the world, providing sightseeing tours in thirteen cities across three continents.
DeVono Cresa took a detailed brief from them and advised on the current market in order to further evolve their brief.
We quickly sourced several options, showing our clients a range of suitable buildings, including several off market opportunities.
A property on Buckingham Palace Road, SW1 measuring just over 7,300 sq ft was shortlisted.
The landlord’s agent advised us that we were up against three other parties negotiating on the same building. However, DeVono Cresa’s relationship with the agents and ability to negotiate a tenant friendly but attractive deal to the landlords made sure that our clients secured the office space.
Due to DeVono Cresa’s market knowledge and previous experience of deals in this building, we were quickly able to obtain details of the available deal and secure an exceptional and attractive deal for our client. The deal boasts the lowest rent and highest rent free achieved in the building.
DeVono Cresa undertook regular discussions between the client and their solicitors, check measured the space and advised on practical issues such as a licence for alterations. Heads of Terms for the space was agreed between all parties.
By: Kirsty MacGregor