Instructed to negotiate a renewal of Feref Ltd’s existing lease at 17-18 Great Pulteney Street, W1, managing to secure a reduction from the landlord’s quoting rent and significant rent-free period incentives.
Carter Jonas was appointed by Feref Ltd to help make a stay-or-go decision with regard to Feref’s existing premises and then, depending on the outcome, either re-locate Feref to new premises or negotiate a renewal of the existing lease.
After meeting with the client, Carter Jonas undertook a comprehensive office search, focusing on the West End, Covent Garden, Clerkenwell, and Farringdon office markets, following which viewings of shortlisted properties were carried out. Carter Jonas advised on the anticipated capital expenditure and annual running costs associated with a relocation compared with remaining at the existing property. Once the decision was made to remain, Carter Jonas entered into negotiations with the landlord to secure best value lease terms, managing to secure a significant reduction in the quoting rent, as well as an eight month rent-free period at the outset of the new lease.