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.
"I was impressed by the service I received from DeVono when it came to finding new offices. They considerably reduced the stress, hassle and time that this process would have otherwise involved and we are chuffed with the end result."
"“We are delighted have found a home at Seven Dials Warehouse and commercial real estate framework that is not just fit-for-purpose now, it enables us space to grow in the future. DeVono has helped us to realise our ambition of providing a sustainable and ‘appropriate’ long term home for the business.”"
"I must also comment that the service received from DeVono has been exemplary. In what I have experienced to be the unpleasant world of estate agency it has been a real joy to work with you. You have been driven, proactive, reliable and extremely quick and responsive. The fact that you are pleasant to work with has been a bonus. Working with DeVono has been one of the very best customer experiences of my business career."
"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."
"We appointed DeVono because we knew they would care and take the trouble to understand our business, our objectives and help us deliver on our commitment to our clients and our people. The outcome of the process has been entirely positive and surpassed all of our expectations. We would always choose to work with DeVono."
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