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In November 2011 BMCE Bank International Ltd approached us to acquire the second floor at 26 Upper Brook Street, a building where they occupy the ground floor. After inspecting the premises a new lease was agreed at a rent of just under £70.00 per sq ft exclusive for a term circa 7 years i.e. co-terminus with their existing lease on the ground floor, with a tenant only option to determine (subject to 6 months prior written notice) and an upwards only rent review after 2 years. A substantial initial rent free period was agreed and a further sizeable rent free incentive if the option to determine the lease is not exercised. The lease is outside the Landlord and Tenant Act 1954. The search for suitable A2 premises for the retail arm of the Bank continues.

Agency Acquisition | Anthony Epenetos

13th March 2012, 09:09 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
 
 

Rossano Ferreti Hairspa, a leading high end hair stylist, instructed us to acquire suitable premises with the “London Mayfair feel” for their first UK Hairspa. We eventually found the ideal self-contained space for them at 17 St George Street, a building that was previously occupied by Faberge totalling 3,024 ft NIA. After Faberge surrendered their lease and after securing personal change of use and Listed Buildings Consent for Ferreti we successfully agreed a new lease for a term of 10 years with a Tenant only break option at the 7th year at £60 per sq ft with 6 months’ rent free up front and a further 3 months’ rent free if the option to determine is not exercised.

Agency Acquisition | Anthony Epenetos

30th November 2011, 05:37 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
 
 

Pippy Houldsworth Gallery instructed The Lorenz Consultancy to source suitable Gallery space in Mayfair and in August 2011 we successfully acquired a sub-lease on the 1st floor at 8 Heddon Street, previously occupied by Gagosian Gallery, for a term expiring in December 2014 at an exclusive rent of £102,000 per annum.

Agency Acquisition | Anthony Epenetos

16th August 2011, 09:53 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
 
 

Alexia Goethe Gallery first approached us to find a gallery/office space in Mayfair for a new joint venture and subsequently instructed us to market their lease at 5-7 Dover Street, comprising 3,294 sq ft over the ground and first floors held Inside the Landlord and Tenant Act. The current passing rent was £75,000 per annum and there was an outstanding rent review as of January 2010. Within one week we received multiple premium offers in excess of £100,000 for the benefit of the assignment and within 10 days we exchanged on the assignment of their lease for a substantial premium.


Agency Disposal / Acquisition | Anthony Epenetos

11th July 2011, 04:46 PM
 
 

Following the acquisition fo the 4th floor offices for expansion, The Moving Picture Company Ltd, instructed us to acquire a further 1,845 sq ft on the 1st floor of the building.

A lease until October 2020 was agreed at a rent of £40.00 per sq ft subject to a Tenant only option to determine in May 2016 with a total of 12 months rent free period.

Agency Acquisition | Anthony Epenetos

4th July 2011, 02:33 PM
 
 

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
 
 

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
 
 
The Moving Picture Company Ltd, a long standing client of the firm, needed space for expansion and subsequently instructed us to secure the acquisition of the 4th floor offices at 113-117 Wardour Street comprising 1,575 sq ft, the building located next door to their HQ. The services of the two buildings are interlinked which made this floor of special interest. A 10 year lease with a Tenant only break option at the 5th anniversary of the term was eventually agreed at a rent of £37.50 per sq ft subject to an initial rent free period of 7 months and a further 5 months’ rent free if the option to break the lease is not exercised.

Agency Acquisition | Anthony Epenetos

10th June 2011, 04:43 PM
 
 

The Moving Picture Company Ltd, a long standing client of the firm, needed space for expansion and subsequently instructed us to secure the acquisition of the 4th floor offices comprising some 4,183 sq ft at 141 Wardour Street, a building where they were already a tenant on the 1st, 5th and 6th floors next door to their HQ. The services of the two buildings are interlinked which made this floor of special interest. A 5 year lease was eventually agreed at a rent of £45.00 per sq ft subject to a substantial initial rent free period.

Agency Acquisition | Anthony Epenetos

8th April 2011, 12:27 PM
 
 

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
 
 

Lazari investments, a long standing client of the firm instructed us to market the 2nd floor at Butler House, 177/178 Tottenham Court Road comprising some 1,165 sq ft. After a short marketing period we successfully let the accommodation to Admeld Ltd at a rent of £32.00 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 4 month rent free period and a further 3 month rent free period if the Tenant does not exercise the option to determine the Lease.

Agency Disposal | Anthony Epenetos


3rd March 2011, 05:29 PM
 
 

The Moving Picture Company Ltd, a long standing client of the firm,needed space for expansion and subsequently instructed us to secure the acquisition of the 1st floor offices at 141 Wardour Street comprising 4,693 sq ft in a building where they were already a tenant on the 5th and 6th floors next door to their HQ. The services of the two buildings are interlinked which made this floor of special interest. A 5 year lease was eventually agreed at a rent of £45.00 per sq ft subject to a rent free period of 9 months.

Agency Acquisition | Anthony Epenetos

18th February 2011, 04:01 PM
 
 

Sprueth Magers Gallery, instructed us to secure the acquisition of the 4th floor office space comprising some 1,137 sq ft within their current building at 7/7A Grafton Street, W1. Negotiations led to agreeing a new 5 year lease, to be co-terminous with their existing lease on the ground and lower ground floors. The overall rent was £39.57 per sq ft and a rent free period of 6 months was secured.

Agency Acquisition | Anthony Epenetos

27th January 2011, 10:02 AM
 
 

Loftus Family Property, a long standing client of the firm, instructed us to market the 3rd and 4th floors at 48 George Street, W1 comprising sum 2,852 sq ft. After a short marketing period we successfully let the 4th floor comprising 997 sq ft at a rent of £45.00 per sq ft exclusive to Voreda Capital LLP on a 5 year lease with a Tenant only option to determine at the 3rd anniversary of the term. This was agreed subject to an initial 3 month rent free period with a further 3 month rent free period if the option to determine is not exercised.

Agency Disposal | Anthony Epenetos


1st December 2010, 11:22 AM
 
 

First Belgravia Properties run by an old friend and client of Tony Lorenz, instructed us to secure the acquisition of a self-contained building comprising 4,445 sq ft at 12 Hobart Place, adjacent to their existing premises. A 10 year lease was eventually agreed with a mutual break at the expiry of the 2nd year and Tenant only break options at the expiry of years 4 and 7. The overall rent was £45.00 per sq ft subject to a rent free period of over 12 months.

Agency Acquisition | Anthony Epenetos

9th October 2010, 04:35 PM
 
 

Arlingtons Sharmas Solicitors based in St James’s needed new offices and we introduced them to 1,800 sq ft on the 1st floor of the building and acquired an 18 month lease at £31.50 per sq ft inclusive of service charge, with a 3 month rent free period.
The deal was completed in a week, following initial inspections.

Agency Acquisition | Anthony Epenetos

27th July 2010, 01:23 PM
 

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