After settling the Wunderkind rent review at £250 per sq ft Zone A, our clients Frelene, heard that the occupier was proposing to dispose of the Leasehold interest and had a host of offers.
However, they only had a 3¾ year lease unexpired, therefore, the Landlord was in a strong position to take a surrender and grant a new lease. A main fashion retailer, took a new lease at the highest rent ever achieved in Mount Street, £350 per sq ft Zone A, but also paid a substantial premium, part of which accrued the benefit of the Landlord.
Professional | Anthony Lorenz
