NEWS AT DEVONO

Property found with WOW factor in Shoreditch

This creatively led design and animation studio contacted DeVono Cresa to discuss the potential idea of relocating their business.

We suggested that they look into the option of re-gearing their existing lease as well as searching for new office space.

We made contact with their existing landlord to start an open dialogue regarding the re-gear while also proceeding to research and view a range of buildings with the desired ‘wow factor’.

Two buildings were eventually shortlisted and DeVono Cresa continued to negotiate terms with their existing landlord. We reported back to our client on the pros and cons of all options.

After careful consideration, they decided that a relocation would be the best option and then went about reviewing the shortlist properties with senior management.

DeVono Cresa was then instructed to agree heads of terms on the favoured office space and this included tenant friendly benefits such as a schedule of condition, service charge cap, rent free and tenant friendly alienation clauses. We also measured the space and found it was considerably smaller than originally quoted, which saved our client close to £40,000 on this single point over the duration of the lease.

The chosen building, in De Beauvoir Crescent, N1 totalled over 4,000 square feet with fantastic canal views and was designed by a leading architect. It has clean white lines and a minimalistic, yet industrial style.

Our client provided us a glowing testimonial saying “We worked with DeVono Cresa from our initial search up until completion. They provided us with expert advice at each stage to help us choose the most appropriate office space for our needs, and to guide us through the negotiation process to ensure we got the right deal. As a small business with no in-house property expertise, their actions as our representatives proved invaluable.“

Leave a Reply

Your email address will not be published.