By RUTH LYNCH
Our media client, who serves the Private Wealth Management and Healthcare markets, had a lease expiry approaching. After a thorough investigation by DeVono, it was decided that the best and most cost effective option was to relocate to new London office premises.
A reversionary lease from the freeholder was explored, as were a number of alternative buildings which were inspected over a period of several weeks. A dilapidations survey was also carried out by DeVono, allowing our client to fully understand the implications of vacating their existing office.
Once it was established that the required deal levels to stay put could not be met by their current landlord, DeVono set about researching a shortlist of alternative spaces, followed by viewings of the preferred selected ones and within a short period of time a space in the heart of the City of London on London Wall, EC2 totalling 6,144 square feet was found and negotiations to secure it was undertaken.
The negotiations were swiftly concluded and DeVono managed to agree a set of savings that worked to the advantage of our client the tenant.
We worked closely with our clients’ solicitors and our own Project Management department to establish a working program designed to deliver the completed lease at precisely the right time. We had to allow enough time for their new office interior to be fitted out before they relocated and leave enough time on the old lease to carry out the dilapidations of their old office which is often an area overlooked.
DeVono is very proud to have represented another client in the TMT sector while continuing to offer a no conflict approach to commercial property by only ever acting for occupiers.
"It was a pleasure working with DeVono - the team were very professional, knowledgeable and provided the right advice when needed. The most important aspect was that you took time to understand what we were after rather than position everything on the market. I would not hesitate recommending you and your firm."
"Our second time using DeVono and again I was very impressed with the team - friendly, efficient and extremely commercial and honest. They understood the brief and worked hard to deliver the right property for our needs. In what was an unfamiliar area to me, they provided guidance on key issues and negotiated very good terms, highly recommendable."
"We’ve worked with DeVono for several years through various stages of our evolution. We’ve had to meet the challenges of COVID-19 head on including adjusting our real estate strategy. To understand our options, and how best to progress we turned once again to DeVono. They were always there, ready to guide us to ensure we got the best outcome for the business."
"We have used DeVono as our property advisers for a number of years. Their greatest strengths lie in their ability to understand quickly what is required and to grasp all the relevant issues. They regularly ‘think outside the box’ and offer creative solutions to complex problems. We have no hesitation in recommending them."
"I have worked with DeVono for many years. I value their approach – always looking at the big picture, not just the deal. They consider the real estate challenges we face through our eyes, understanding not just the real estate reporting requirements but also the complexity of our organisation’s structure and stakeholders. I’m always very happy to work with the team and value their support."
Thank you for signing up to Property AlertsOk