A Newsworthy Review – Long standing clients Associated Press and Television News occupy some 65,000 sq ft of offices at The Interchange just off Oval Road in Camden. The rent review was due in December 2011 but Anthony Lorenz saw fit to get into early negotiation with the Landlord to see if he could avoid what looked like a possible rising market. The reserved rent is £31.00 per sq ft and there is a real risk of rents going through the roof between December 2010 and December 2011. So in November he went to visit his clients in the States and got early instructions to act on their behalf which resulted in the settlement being negotiated at an increase of less than £1.00 per sq ft. Perhaps the rent was marginally above the market rent in December 2010 but potentially well below that which would have been agreed in December 2011. Less than 3% increase over the last five years does not seem so bad says Lorenz.
Professional | Anthony Lorenz
