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Andrew Knights News

 

See Group Ltd contracted The Lorenz Consultancy to dispose of this self-contained building comprising approximately 22,000 sq ft of office accommodation.
After extensive negotiations with multiple corporate occupiers, the decision was made for See Group Ltd to stay in occupation of the ground and 1st floors and to only dispose of the vacant upper floors, comprising approximately 10,500 sq ft.
In March 2012, we successfully let the 4th floor to Hireworks Ltd, comprising 3,301 sq ft at an inclusive annual rent of £180,000 for a term expiring in February 2017.

Agency Disposal | Andrew Knights

30th April 2012, 04:23 PM
 
 
Resource Europe Management Ltd had a break clause in their existing lease on some 2,500 sq ft at 10 Brook Street which they subsequently exercised in order to downsize with them only needing 500 – 1,000 sq ft. We successfully found them space 2 doors down at 6 Brook Street whereby we successfully acquired the 3rd floor comprising 577 sq ft for a term of 5 years subject to a Tenant only option to determine at the 3rd anniversary of the term at an annual rent of £35,000 per annum inclusive of service charge.

Agency Disposal | Andrew Knights

27th April 2012, 11:08 AM
 
 

We represented Berisford Industries on the disposal of almost 8,700 sq ft on the first floor of 1 Baker Street at the junction of Portman Square.

We located the Tenant directly, another client of the firm, Elemis who specialise in beauty products and spas, who acquired a Lease until August 2014, and on whose behalf we then negotiated a 5 year reversionary Lease from expiry.

Elemis have now moved into their new Head Quarters.


Agency Disposal | Anthony Lorenz | Andrew Knights | Anthony Epenetos

6th March 2012, 10:32 AM
 
 

We represented Elemis, leaders in the field of beauty products and spas, on the disposal of their Head Office in Mayfair comprising virtually 5,000sq ft, to nearby occupier, Bonhams.

The Lease was held at £125,000 per annum exclusive and a very substantial premium was negotiated, to facilitate Bonhams moving into the building pending the redevelopment of their adjacent Auction House.


Agency Disposal | Anthony Lorenz | Andrew Knights | Anthony Epenetos

6th March 2012, 10:23 AM
 
 

Masefield Ltd, instructed us to dispose of circa 15,000 sq ft office space over the part ground and 1st floor at Parnell House, 25 Wilton Road, SW1. After several sub-lettings, we successfully let the remaining 3,000 sq ft part 1st floor space plus one car parking space to Mecom Plc for a term until February 2014 at a rent of £93,250 per annum exclusive with no rent free period.

Agency Acquisition | Anthony Epenetos | Andrew Knights

17th February 2012, 01:29 PM
 
 

We have successfully disposed of the 8 year unexpired lease on some 5,517 sq ft + 2 flats to an unnamed purchaser for consideration of just over £6.5m which was secured by securing the right to acquire the Freehold, facilitating a profitable subsequent disposal of the interest.

Tony Lorenz comments that there is a coercion of law whereby Leases held on entire buildings of over 21 years on commencement are sometimes enfranchisable, entitling the Leaseholder to force the Landlord to sell the Freehold at market terms.

Agency Disposal | Anthony Lorenz | Andrew Knights | Anthony Epenetos

1st February 2012, 04:44 PM
 
 

Lazari investments, a long standing client of the firm instructed us to market the 2nd floor at 175/176 Tottenham Court Road comprising some 1,053 sq ft. We successfully secured Next Performance Ltd as the new Tenant, paying a rent of £28.00 per sq ft exclusive for a term of 5 years. This was agreed subject to an initial 7 month rent free period.


Lazari investments, a long standing client of the firm instructed us to market the 2nd floor at 175/176 Tottenham Court Road comprising some 1,053 sq ft. We successfully secured Next Performance Ltd as the new Tenant, paying a rent of £28.00 per sq ft exclusive for a term of 5 years. This was agreed subject to an initial 7 month rent free period.

Agency Disposal | Anthony Epenetos | Andrew Knights

17th January 2012, 01:26 PM
 
 

Loftus Family Property, a longstanding client of the firm, in September 2010 instructed us to dispose of the 3rd and 4th floors. Following the letting of the 4th floor and lengthy legal formalities, we successfully let the entire 3rd floor comprising some 1,855 sq ft plus 1 additional car parking space to Hadcliffe Properties Ltd for a term of 10 years subject to a rent review and Tenant only break option at the 5th anniversary of the term. The rent was agreed at £88,250 per annum exclusive subject to a rent free period.

Agency Disposal | Anthony Epenetos | Andrew Knights

22nd December 2011, 05:58 PM
 
 

Our retained client Generation Three Family Partners, were being forced to move from 33 Davies Street to accommodate the Landlords plans to redevelop the building. Following months of searching for suitable premises and negotiating on 2-3 properties, we subsequently acquired the 2nd floor at 75-79 Knightsbridge comprising some 2,710 sq ft for a term of 3 years subject to mutual rolling breaks as at February 2014 at a rent of £15.00 per sq ft exclusive with a rent free period.

Agency Acquisition | Andrew Knights | Anthony Epenetos

22nd December 2011, 05:56 PM
 
 

Lazari investments, a long standing client of the firm instructed us to market the 3rd floor at 175/176 Tottenham Court Road comprising some 1,072 sq ft. We successfully secured FabriQate UK Ltd as the new Tenant, paying a rent of £26.00 per sq ft exclusive for a term of 5 years with a Tenant only option to determine on the 3rd anniversary of the term. This was agreed subject to an initial 5 month rent free period and a further 3 month rent free period if the Tenant does not exercise their option to determine.

Agency Disposal | Anthony Epenetos | Andrew Knights

16th September 2011, 01:40 PM
 
 

One of the leading global door opening solutions/security companies, ASSA ABLOY EMEA, instructed us to relocate the European Head Office based in Croydon. After extensive tours of available properties in multiple locations on the fringe of London, we successfully acquired the 3rd floor, Dukes Court in Woking comprising some 5,084 sq ft for a term of 10 years at a rent of £17.50 per sq ft subject to a Tenant only option to determine and rent review at the 5th anniversary of the term. A total of 27 months’ rent free period was agreed.

Agency Acquisition | Andrew Knights

15th August 2011, 10:01 AM
 
 


In April 2010 IPE International Publishers Ltd instructed us to negotiate the acquisition of the 3rd floor at 52-54 Southwark Street comprising some 3,120 sq ft. After extensive negotiations we successfully acquired the space for a term of 10 years at a rent of £29.50 per sq ft subject to a Tenant only option to determine and upward only rent review at the 6th anniversary of the term. A total of 18 months’ rent free was agreed.

Agency Acquisition | Andrew Knights

10th August 2011, 09:57 AM
 
 

The Lorenz Consultancy are delighted to have been jointly instructed alongside Colliers International on behalf of the Landlord to let this fabulous self-contained period building located on the east side of Grosvenor Gardens between the junctions with Beeston Place and Buckingham Palace Road, only within a few minutes from Victoria Mainline and Underground Stations.

The accommodation has been comprehensively refurbished throughout and comprises some 6,204 sq ft of net internal office space. The building benefits from original period features and high ceilings throughout creating an impressive sense of character. The building is fully cabled and there is capped off services provided on each floor thereby offering flexibility for an incoming occupier. The floor areas are as follows:

4th Floor - 881 sq ft
3rd Floor - 922 sq ft
2nd Floor - 859 sq ft
1st Floor - 1,089 sq ft
Ground - 1,062 sq ft
Lower Ground - 1,144 sq ft
Vaults - 247 sq ft
Total - 6,204 sq ft

Amenities include:

* Fully self-contained
* Excellent natural light
* 4-6 Person passenger lift
* 247 Hour access
* Perimeter trunking – Cat5e cabling throughout
* Air conditioning and central heating
* Period features
* WC, shower and kitchen facilities
* Open plan areas
* Individual office/meeting rooms
* Good floor to ceiling height throughout
* Outside space
* Garage (capacity for 1 car and bicycle racks)
* Good storage capacity
* Capped off services to each floor

The building is only available as a whole direct from the Landlord for a term by arrangement.

Rent: £40.00 per sq ft exclusive

For further information or to arrange an inspection please contact either Andrew Knights (020 7647 4043) or Anthony Epenetos (020 7647 4042).

Agency Disposal | Andrew Knights | Anthony Epenetos



5th August 2011, 10:21 AM
 
 

On behalf of See Tickets we are instructed to dispose of surplus space within this superb prestigious period building, located in prime Soho.

The accomodation comprises:

4th Floor - 3,301 sq ft

2nd Floor - 3,856 sq ft

Total - 7,157 sq ft

The floors are available either together or separately and have been comprehensively refurbished throughout.

Location - Manor house is situated on the East side of Soho Square at the junction with Sutton Road which is within walking distance to Tottenham Court Road underground station.

Amenities include:

. Full air conditioning
. 2 automatic passenger lifts
. Raised floors
. Suspended ceiling
. Double glazed
. 9 car parking spaces available
. Magnificent views over Soho Square
. Excellent natural light throughout
. High ceilings

Lease - Sublease/s available until 24 February 2017 or longer by arrangement.

Rent:

4th Floor - £35.00 per sq ft exclusive

2nd Floor - £40.00 per sq ft exclusive

For further information please call Andrew Knights on 020 7647 4043 or Anthony Epenetos on 020 7647 4042

Agency Disposal | Andrew Knights | Anthony Epenetos


30th June 2011, 09:31 AM
 
 

Acting for HFC Bank portfolio, The Lorenz Consultancy and joint Agent, LONIC, were instructed to dispose of two office buildings 1700 & 1740 Birmingham Business Park comprising 21,227 sq ft.
The leases expire in March 2013 at a combined rent of £337,731 per annum. We agreed a surrender with the Landlord at a saving of 30% of total estimated lease end outgoings

Agency | Anthony Lorenz | Andrew Knights

23rd June 2011, 04:52 PM
 
 

Major corporate occupier, Technicolor, entrusted us with the sale of their Aldermans Park Warehouse comprising some 85,000 sq ft of second hand warehousing on approximately 4 acres of land and after extensive marketing, we located SLAM who concluded the purchase of the property for their own occupation at an agreed price of just under £2.5 million.

Agency Disposal | Anthony Lorenz | Andrew Knights

22nd June 2011, 12:12 PM
 
 

The Lorenz Consultancy are delighted to have been jointly instructed alongside Goldsmith Messing on behalf of Masefield to dispose of their lease on the part Ground and 1st Floors.

The accomodation comprises of modern, grade A offices, fully fitted to include numerous meeting rooms, executive offices and kitchen/break out areas etc. The offices come with data cabling and high quality furniture in situ.

* VAV air conditioning
* Four 13 passenger lifts
* Manned commissionaire (24hr security)
* Metal suspended ceiling
* Excellent natural light
* Full access raised floors
* 5 Car parking spaces

1st floor North- 5,216 sq ft
1st floor South- 5,600 sq ft
Ground floor- 5,063 sq ft
TOTAL - 15,879 sq ft

Both floors are available on leases inside the Act until March 2014 with the possibility to extend to March 2019 or longer by arrangement.

The current passing rent is £41.00 per sq ft exclusive.

For more information or to arrange an inspection please contact either Andrew Knights or Anthony Epenetos at the Lorenz Consultancy (020 7629 9898) or Allan Messing at Goldsmith Messing (020 7182 4550).

Agency Disposal | Andrew Knights | Anthony Epenetos


20th June 2011, 09:57 AM
 
 

Major importers and distributers of tuna, have recently instructed us to find 5,000-10,000 sq ft of warehousing accommodation within 30 minutes of Heathrow to house their deep freeze refrigeration storage and distribution facility.

Agency Acquisition | Andrew Knights

2nd June 2011, 05:25 PM
 
 

We were fully retained by the Notting Hill based acting school, Caravanserai Productions and Acting Studio to find suitable premises in Soho for expansion. We eventually discovered this lower ground derelict car park and agreed with the Landlord that they would develop this into studio space and in May 2011 we successfully completed an Agreement to Lease upon completion of the Landlords works. The demise comprising approximately some 2,303 sq ft of fitted office/studio space was agreed at a annual rent of £40,406.50 for a term of 10 years subject to an upward only rent review at the 5th anniversary of the term and a Tenant only option the terminate the lease upon the 7th anniversary of the term.

Agency Acquisition | Andrew Knights

9th May 2011, 09:59 AM
 
 

An existing client, Caithness Petroleum needed larger premises to expand and in February 2011 instructed us to acquire the available rear suite on their existing floor. The accommodation comprising some 1,807 sq ft whereby following extensive negotiations we successfully agreed a new lease to expire in January 2015 at a rent of £54,210 per annum (£30.00 per sq ft) exclusive with an 8 month rent free period subject to removing the Tenant only break option from the existing lease on the front space and extending the lease to run co-terminus with the new lease until January 2015.

Agency Acquisition | Anthony Epenetos | Andrew Knights

28th March 2011, 11:26 AM
 
 

The Lorenz Consultancy and Susan Earl Commercial were jointly instructed by Delfont Mackintosh in November 2010 to market the 2nd floor comprising some 1,676 sq ft which resulted in the letting of the accommodation to Civolution UK Ltd, at a rent of £23.50 per sq ft exclusive for a term expiring 23rd June 2014, subject to an initial rent free period.

Agency Disposal | Anthony Epenetos | Andrew Knights


23rd March 2011, 11:04 AM
 
 

The availability comprises some 5,516 sq ft of office space over the LG to 2nd floors. The demise also includes two 2 bedroom residential apartments that are currently let short term on 3 months’ notice. This self-contained building benefits from period features and high ceilings and has been comprehensively refurbished to a high standard to provide open plan office space and several partitioned offices/meeting rooms.

Floors:
LG - 1,390 sq ft
GF - 1,451 sq ft
1st - 1,333 sq ft
2nd - 1,331 sq ft

Total - 5,505 sq ft + 2 self-contained flats at request

Amenities:
Video Phone Entry
Under floor Trunking
Excellent Natural Light
24 Hour Access
Fitted Kitchens
Good Ceiling Height
Air Conditioning
Period features

Lease:
New lease/s direct from the Landlord for a term by arrangement.

Rent:
LG - £35.00 per sq ft per annum exclusive
GF - £42.50 per sq ft per annum exclusive
1st - £42.50 per sq ft per annum exclusive
2nd - £35.00 per sq ft per annum exclusive

Agency Disposal | Anthony Epenetos | Andrew Knights


14th March 2011, 10:45 AM
 
 
The accommodation comprises 2 interlinked Grade I/II listed office buildings on this prestigious Nash built Regents Park terrace - modernised to offer open plan, bright office space.

6-10 Cambridge Terrace:

Lower Ground - 2,845 sq ft
Ground - 4,426 sq ft
1st Floor - 4,555 sq ft
2nd Floor - 4,499 sq ft
3rd Floor - 3,849 sq ft
4th Floor - 2,853 sq ft
Total - 23,027 sq ft

1-2 Chester Gate
Lower Ground - 837 sq ft
Ground - 551 sq ft
1st Floor - 748 sq ft
2nd Floor - 740 sq ft
3rd Floor - 756 sq ft
Total - 3,632 sq ft

Total area - 26,659 sq ft

The buildings are available either together or separately and individual floors will be let separately.

* Excellent natural light
* 24hr access
* WC's on each floor
* Suspended ceilings
* Two 8 person passenger lifts

We are quoting a rent of £36.00 per sq ft per annum exclusive for a new lease direct from the Landlord.

Agency Disposal | Andrew Knights | Anthony Epenetos


7th March 2011, 11:01 AM
 
 

Following extensive refurbishment Consolidated Property Group instructed us to market the 7th floor comprising some 1,193 sq ft where we introduced Integration Consulting Ltd eventually leading to them taking a new 10 year lease at an annual rent of £57.50 per sq ft subject to a Tenant only option to determine at the expiry of the 5th year and a rent free period.

Agency Disposal | Andrew Knights



28th February 2011, 11:47 AM
 
 

Elemis Ltd, major players in the spa and products industry and another longstanding client of The Lorenz Consultancy instructed us to relocate their UK headquarters from Bridgewater to Bristol. The urgency of the requirement meant that we could not explore the design and build route, however after a short period we located Poplar Park, a new development by Terramond where subject to further development to increase the office content we successfully acquired Unit D comprising some 53,878 sq ft on a 15 year term at a rent of £6.50 per sq ft with an extensive rent free period.

Agency Acquisition | Anthony Lorenz | Andrew Knights

10th December 2010, 09:30 AM
 
 

The Lorenz Consultancy was instructed by Generation Three Family Partners to identify and secure suitable office accommodation in central Mayfair for an initial short term commitment to start up a new wealth management company. We successfully acquired the 1st floor at 33 Davies Street which is earmarked for redevelopment from June 2011. A rent of £17.50 per sq ft was agreed on some 1,600 sq ft on a lease expiring in December 2012 subject to mutual options to break in June 2011 and every 2 months thereafter.

Agency Acquisition | Andrew Knights

12th November 2010, 01:08 PM
 
 

Hyperion Investment Properties Ltd instructed The Lorenz Consultancy to dispose of all their surplus space at 1 Manchester Square.
In November 2008, we let the ground floor comprising some 1,469 sq ft to Prime Focus London Plc, the lease expiring in November 2014 at a rent of £50.00 per sq ft with a Tenant only option to determine in November 2012.
An initial 6 month rent free period was agreed with a further 4 month rent free period if the Tenant doesn't exercise their break option.

Agency Disposal | Andrew Knights


2nd November 2010, 04:36 PM
 
 

In April 2008, See Group Ltd contracted The Lorenz Consultancy to dispose of this self-contained building comprising approximately 22,000 sq ft of office accommodation.
After extensive negotiations with multiple corporate occupiers, come mid 2010 the decision was made for See Group Ltd to stay in occupation of the ground and 1st floors and to only dispose of the remaining upper floors, comprising approximately 10,500 sq ft.
In October 2010, we successfully let the 3rd floor to Technicolor Holdings Ltd, comprising 3,807 sq ft at an annual rent of £40.00 per sq ft for a term expiring in February 2017. This was agreed subject to an initial 14 month rent-free period and an upward only rent review at the expiry of the 5th year.

Agency Disposal | Andrew Knights

28th October 2010, 03:55 PM
 
 

UBC Media Group, a long standing client of Tony Lorenz, instructed us in March 2010 to dispose of the 2nd floor accommodation comprising some 786 sq ft on behalf of Above the Title Ltd and subsequently in March 2010 we successfully introduced Triyoga whereby following extensive negotiations a sublease was agreed to expire on the 8th January 2018 at a rent of £15,720 per annum (£20.00 per sq ft) subject to an upward only rent review as at the 1st December 2014. A 15 month rent free period was agreed and the lease was to be granted outside of the Landlord and Tenant act.

Agency Disposal | Andrew Knights


3rd July 2010, 10:50 AM
 
 

Our client, Green Park Interim Executive Resourcing Ltd, occupied some 1,540 sq ft on a lease expiring August 2011 – perhaps too short a term to find a Tenant.
However, the premises were let to Epistone Capital Partners with a small reverse premium to get our client off the hook.

Agency Disposal | Andrew Knights

28th June 2010, 03:31 PM
 
 

Centurion European Capital instructed The Lorenz Consultancy to dispose of their stunning 1,730 sq ft office situated on the 1st floor of the building. After an extremely short marketing period we successfully assigned a 6 year lease at a passing rent of £75.00 per sq ft without a reverse premium.

Agency Disposal | Andrew Knights

2nd June 2010, 12:32 PM
 
 

Technicolor instructed The Lorenz Consultancy to act on their behalf throughout the whole UK portfolio which urgently needed a 100,000 sq ft warehouse in the Midlands. We located the Swift Point premises comprising sum 122,143 sq ft adjacent to an existing unit that they already had.
A 9 year lease was acquired held at a rent of £4.25 per sq ft – virtually £2.00 below the passing rent subject to upward rent review in December 2014 but with a Tenant only option to determine either side of the review date.
An initial 8 month rent free period was granted and a further 6 month rent free period if neither break option is exercised.

Agency Acquisition | Anthony Lorenz | Andrew Knights

27th April 2010, 01:16 PM
 
 

Bunac Travel Services instructed The Lorenz Consultancy to sell the freehold comprising some 8,000 sq ft and received various bids, ranging towards £2.5m.
The client decided to stay in the building, despite the fact that a contract could be exchanged within 7 days.
A good relationship between BUNAC and The Lorenz Consultancy continues.

Agency Disposal | Andrew Knights

28th March 2010, 03:29 PM
 
 

Citylink Telecommunications were recommended to us to locate their new offices after their lease expired at 89 Albert Embankment.
After an extensive search, we settled on some 2,504 sq ft on a lease expiring in March 2019.
We negotiated a rent of £35.00 per sq ft with an initial 6 month rent free period. Options to determine in January 2013 and January 2015 were agreed subject to a further 3 month rent free period if they are not exercised.

Agency Acquisition | Andrew Knights

1st March 2010, 12:31 PM
 
 

Another relocation from our old offices at 18 Hanover Square, Alaska Metals searched the whole market to find the right space.
We had very short time frame before they were ‘out on the street’.
We acquired the 6th floor at the former Cadbury Schwepps headquarters which was newly refurbished on an 8 year term. A Tenant only option to determine in November 2012 was agreed with an initial 6 month rent free period and a further 10 month rent free period if the break option is not exercised. The agreed rent was £75.00 per sq ft on some 5,324 sq ft.

Agency Acquisition | Andrew Knights

1st January 2010, 12:23 PM
 
 

Intelligence Squared instructed us to locate offices and we acquired the part 6th Floor, comprising of some 1,900 sq ft on a 5 year lease with a 6 monthly rolling break option from March 2012.
The Landlord granted a 12 month rent free period.

Agency Acquisition | Andrew Knights

27th December 2009, 01:22 PM
 
 

Hyperion Investment Properties Ltd instructed us to dispose of all the surplus space within the building.
We let the 3rd floor comprising of some 1,652 sq ft to 3G Communications Ltd until November 2014 at a rent of £50.00 per sq ft with a Tenants option to determine at the expiry of the 3rd year of the term.
A 6 month rent free period was given with a further 2 month rent free period if they do not exercise their break option.

Agency Disposal | Andrew Knights

27th December 2009, 01:21 PM
 
 

Mariana Capital Markets Ltd instructed us to find a city premises and eventually settled on the 3rd Floor at 34 Threadneedle Street comprising 1,480 sq ft. We negotiated a lease term to expire December 2014 held at a rent of £25.00 per sq ft with a Tenant only option to determine in December 2011. An initial 4 month rent free period was granted with a further 8 month rent free period if they decide not to exercise the break option.

Agency Acquisition | Andrew Knights

27th December 2009, 01:17 PM
 
 

First Realty Ltd instructed The Lorenz Consultancy to dispose of the 2nd floor comprising a total net area of 671 sq ft. We successfully let the space to Eddison Wealth Management Ltd for a term to expire in December 2014 at an annual rent of £30,195 per annum. There is a Tenant only option to determine at the expiry of the 3rd year and a 9 month rent free period was agreed over the term.

Agency Disposal | Andrew Knights

1st December 2009, 01:11 PM
 
 

Mr Bagels Group Plc appointed us to dispose of the Freehold and we called in Lambert Smith Hampton to work jointly with us.
We eventually sold the building for the administrator - the building comprising some 31,476 sq ft for a total sum of £1,975,000.

Agency | Andrew Knights


27th November 2009, 01:10 PM
 
 

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

1st November 2009, 12:29 PM
 
 

Our own offices in 18 Hanover Square were about to be developed – we moved to 21 Hanover Square early.
However, other Tenants left themselves little time to relocate, one of these being Caithness Petroleum Ltd who, after an extensive search, settled on some 2,192 sq ft which we acquired on a flexible 5 year lease with a rent free period at a rent of under £40 per sq ft. The Tenant had an option to determine at the expiry of the 2nd year and an initial 4 month rent free period.
A further 6 month rent free was negotiated if the option to break is not exercised. This represents acquisition of Grade A offices in Mayfair at under £40 per sq ft.

Agency Acquisition | Andrew Knights

1st October 2009, 12:21 PM
 
 

Loftus Family Property is a lifelong Client of The Lorenz Consultancy and instructed us jointly with Lambert Smith Hampton to dispose of a warehouse comprising approximately 25,000 sq ft, previously occupied by Mercedes Benz.
We successfully let 10,000 sq ft to Spire Automotive Ltd to expire in October 2012 with 6 monthly mutual rolling breaks after 18 months at a rent of £11.00 per sq ft.

Agency Disposal | Andrew Knights | Anthony Lorenz


1st October 2009, 12:19 PM
 
 

We were jointly instructed with Hexell Wylie Chartered Surveyors to acquire alternative office space for the insurance brokerage RK Harrison Group Ltd and after viewing multiple properties we successfully acquired 44,057 sq ft at 1 Whittington Avenue at a rent of £37.50 per sq ft on a 10 year lease with a 30 month rent free period.

Agency Acquisition | Andrew Knights | Anthony Lorenz

4th September 2009, 12:17 PM
 
 

Jendens Securities Ltd, stockbrokers, run by a friend of Tony Lorenz ran the course of enquiry and they instructed us to acquire offices to house approximately 60 people for a new Mayfair stock broking company.
Under significant time pressure, after Jendens Ltd failed to secure the offices they wanted on Savile Rrow, we successfully searched the market for suitable offices premises and eventually settled on the 1st and 2nd floors of 11-14 Grafton Street, comprising some 7,910 sq ft, where we negotiated a rent of £62.50 per sq ft to house approximately 60 people on a 7 year lease with a 10 month rent free period.

Agency Acquisition | Andrew Knights

2nd September 2009, 12:08 PM
 
 

Finam Investments Ltd retained us to carry out all its commercial property work in the UK.
After a search of the city for some 5,000 sq ft to start up its UK operation we settled on the 26th Floor at 125 Old Broad Street comprising 6,800 sq ft at a rent of £340,000 per annum on a lease expiring in 2019.
We also negotiated a Tenant only option to determine midterm with an initial 24 month rent free period and a further 11 month rent free period if the option to determine is not exercised.
Finam then decided not to occupy the space and we disposed of the offices by assigning the existing lease to a law firm at a lesser rent free period than had been negotiated thus allowing Finam to exit at no loss.

Agency Acquisition / Re-Disposal | Andrew Knights

20th August 2009, 01:08 PM
 
 

Perhaps the highest profile letting in Mayfair was our acquisition of the top floor of 23 Savile Row for Fox Davis Capital introduced by Jendens Securities Ltd who were in the course of acquiring them.
We secured an acquisition of some 8,869 sq ft at a rent of £93.00 per sq ft on a 10 year lease subject to a rent free period, after which Fox Davis Capital found the premises in excess of their requirements and disposed of the accommodation to the under bidder.

Agency Acquisition | Anthony Lorenz | Andrew Knights

10th August 2009, 12:35 PM
 
 
HFC Bank Ltd, a subsidiary of HSBC instructed The Lorenz Consultancy jointly with LONIC to dispose of over 100 secondary High Street retail units following the closure of the retail banking operation, Beneficial Finance.
This was a completely new challenge and to date, we have managed to successfully relieve the bank of the majority of their extensive Leasehold liabilities.
Considering market conditions and the secondary nature of the units, this was a major and unexpected achievement.

Agency Disposal | Andrew Knights

10th June 2009, 04:31 PM
 
 

Cordingland LLP run by ex-work colleagues of Tony Lorenz instructed us to find them offices to relocate to in Mayfair and we successfully acquired the 1st floor of 18 Savile Row comprising 2,500 sq ft at an astoundingly low rent of £35.00 per sq ft on a 5 year lease with a 5 month rent free period thrown in.
Perhaps the lowest deal in Mayfair at the time for modern Grade A office space.

Agency Acquisition | Andrew Knights

1st June 2009, 12:06 PM
 
 

Tetra Strategy Ltd needed new office premises and we found them the 2nd Floor at 156-158 Buckingham Palace Road comprising some 1,332 sq ft. This was eventually acquired at a rent of £64,000 per annum for a term expiring in February 2014. We negotiated a Tenant only option to determine in February 2011 with an initial 4 month rent free period.

Agency Acquisition | Andrew Knights

3rd May 2009, 01:14 PM
 
 

Redtray Ltd instructed The Lorenz Consultancy to acquire space within the Brighton Media Centre. We successfully acquired a license expiring in November 2009 at an annual rent of £19,800.

Agency Acquisition | Andrew Knights

1st May 2009, 01:07 PM
 
 

Redtray instructed The Lorenz Consultancy to acquire approximately 1,183 sq ft where we negotiated a rent of £11.00 per sq ft. A 1.5 year rent free period was also given on a term expiring in March 2016 with a Tenant only option to determine in January 2012.

Agency Acquisition | Andrew Knights

10th April 2009, 12:34 PM
 
 

First Realty Ltd instructed us to dispose of the lower ground floor space comprising a net area of 534 sq ft at basement level. We introduced a Tenant who took a lease until February 2014 at an annual rent of £16,000 per annum.

Agency Disposal | Andrew Knights

1st February 2009, 01:05 PM
 
 

Following an urgent enquiry from Redtray Ltd we located 2,500 sq ft in Weybridge and successfully acquired a 30 person serviced office space in the Avanta building. This was concluded in a 2 week time frame, having been let down by a Landlord in the vicinity. A 50% discount was negotiated from the quoting rent and a rent free period was also thrown in which is a rarity in the serviced office market. Redtray then instructed The Lorenz Consultancy on their UK portfolio comprising offices nationwide.

Agency Acquisition | Andrew Knights

2nd December 2008, 12:32 PM
 
 

WPP instructed The Lorenz Consultancy and James Andrew International to sublet part of the 7th floor at Berger House, comprising 2,500 sq ft. We successfully let the space to Mitsui Fudosan UK for a term expiring in December 2012 held at a rent of £60.00 per sq ft. An initial 4 month rent free period was granted upon completion.

Agency Disposal | Andrew Knights

1st November 2008, 11:54 AM
 
 

Lalique were recommended to us to handle the disposal of their leasehold interest on their prime New Bond Street shop and to locate and acquire alternative premises.
After extensive negotiations, we surrendered the lease back to the Landlord held for only 4 years at a rent of virtually £500,000 per annum for a premium of circa £1,000,000, which helped to fund the simultaneous acquisition of their new Headquarters building on Conduit Street, comprising a retail unit with offices above.

Agency Disposal / Acquisition | Andrew Knights | Anthony Lorenz

27th October 2008, 01:02 PM
 
 

The Lorenz Consultancy alongside Shawes Estate Agents we were instructed by Bunac Travel Services to dispose of 2 hostels approximately 100 yards from Queens Tennis Club. Within 3 weeks there were numerous offers exceeding the asking price and we achieved a sale of £1.41 million.
We were then retained by Bunac Travel Services Ltd as their commercial property advisors to handle the remainder of their London Portfolio.

Agency | Andrew Knights

27th September 2008, 12:00 PM
 
 

Bunac Travel Services Ltd faced a major end of term dilapidations liability in March 2010 on this student hostel and was budgeting to pay over £100,000 to the Landlord.
After extensive negotiations including an application for a new lease, the premises were successfully surrendered for less than a third of that amount.

Agency Disposal | Anthony Lorez | Andrew Knights

2nd August 2008, 01:12 PM
 
 

On behalf of CH Hausmann and Co, The Lorenz Consultancy acquired approximately 1,100 sq ft on the 1st floor at 85 New Cavendish Street. A lease term of 5 years was agreed held at an annual rent of £35.00 per sq ft with a Tenant only option to determine at the expiry of the 3rd year. This was the first Agency acquisition for The Lorenz Consultancy following the inception of the department just 3 months prior.

Agency Acquisition | Andrew Knights

1st January 2008, 11:50 AM
 

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