Redtray Ltd needed a new London headquarters office following a large corporate acquisition.
We searched the market and settled on some 6,592 sq ft on the 6th floor which was acquired on a 10 year lease with an option to determine at the 5th anniversary of the term at a rent of £37.00 per sq ft with a 2 year half rent free period. A further year’s rent free period will be given if the option to determine is not exercised and the entire fit out was paid for by the Head Lessee of the building. The net effective rent equated to only £22.00 per sq ft.
Agency Acquisition | Andrew Knights
