Rent Reviews & Lease Restructuring The professional services team at GN2 have the market experience and technical skills required to best advise their established landlord and occupier client base. Lease agreements are instrumental in maximising the investment value of an asset for both occupier and investor, and the negotiation of them takes in-depth knowledge of the market and the legal framework in which the negotiations take effect. GN2’s team have 35 years’ experience in dealing with the full range of lease advisory advice: lease re-structuring, break options, lease renewals, rent reviews as well as professional expert witness and arbitration services. Case Studies Location All Locations Bermonsey Bloomsbury Camden Chelsea City Clerkenwell Covent Garden Docklands Earls Court Eastern Fringe Euston Fulham Hammersmith Holborn Holland Park Islington Kensington Kings Cross Knightsbridge London Bridge Marylebone Mayfair Noho North of Oxford Street Notting Hill Paddington Shoreditch Soho St James’s Victoria Waterloo Westminster Size Min: Any 500 Sq Ft 1,000 Sq Ft 2,000 Sq Ft 3,000 Sq Ft 4,000 Sq Ft 5,000 Sq Ft 10,000 Sq Ft 20,000 Sq Ft 30,000 Sq Ft 40,000 Sq Ft 50,000 Sq Ft 60,000 Sq Ft 70,000 Sq Ft 80,000 Sq Ft 90,000 Sq Ft 100,000 Sq Ft Size Max: Any 500 Sq Ft 1,000 Sq Ft 2,000 Sq Ft 3,000 Sq Ft 4,000 Sq Ft 5,000 Sq Ft 10,000 Sq Ft 20,000 Sq Ft 30,000 Sq Ft 40,000 Sq Ft 50,000 Sq Ft 60,000 Sq Ft 70,000 Sq Ft 80,000 Sq Ft 90,000 Sq Ft 100,000 Sq Ft Showing 6 Properties Review my shortist 14-15 Carlos Place On behalf of private clients we are advising the freeholders on the rent review of this magnificent Mayfair art gallery due in 2017. We acted on the 2012 rent review and on the original leasing back in 2007. The art gallery market in Mayfair has seen phenomenal rental growth over the last few years and Mayfair more than ever has become the heart of the UK art world. Location: Mayfair Sales Force Tower Formerly known as Heron Tower GN2 have been instructed to advise City Credit Capital on one of the first rent reviews in the building since it’s completion in 2011. We are handling the review of the part 12th floor with an effective date of 25 December 2016. Location: City Condor House We have been instructed by asset managers Muller to advise on the September 2016 rent review on behalf of the landlord NorthStar. The fifth floor comprises 17,580 sq ft of high quality Grade A offices located in a prime position overlooking the piazza of St Paul’s Cathedral. Location: City 28-36 Davies Street On behalf of Stow Properties we have recently agreed a series of rent review and lease renewal on this prime block of property. The building is known locally as Claridge House, given its proximity to Claridges. We have undertaken negotiations with retailers Sunseeker, Gimpel Fils and the Yacob Gallery as well as on the office suites above. There has been significant rental growth both for B1 office accommodation as well as for retail showrooms and galleries, and all this in spite of the Crossrail works at the Oxford Street end of Davies Street. We can foresee the popularity of this Street as a high end quality retail destination increasing further as the Elizabeth Line comes on stream. Location: Mayfair 7-9 Rathbone Street GN2 negotiated the 2014 rent review on behalf of the Landlord, Stevens Properties Limited. The building is 16,000 sq ft and is situated in Fitzrovia and is occupied by CH+I advertising agency. Whilst this review took some considerable time to negotiate, this was considered beneficial to our clients position as the market was continuing to strengthen. The adjoining site was in the process of being redeveloped and has now been pre-let to Facebook. Location: Noho White Bear Yard On behalf of IDEO LP we negotiated a rent review against Standard Life. We agreed the June 2014 rent review in a timely manner as we were particularly concerned with the rapid escalation in rental values in the surrounding area. Rents have now reached £67.00 to £70.00 per sq ft and we are very pleased to have been able to agree a more historic rental level. Location: City 12 Next For further information please contact Tim Powell-Harper MRICS 020 7183 5916 tim.powellharper@gn2.uk.com Pippa Vincent 020 7183 6509 pippa.vincent@gn2.uk.com Nick Moore 020 7183 6554 nick.moore@gn2.uk.com
14-15 Carlos Place On behalf of private clients we are advising the freeholders on the rent review of this magnificent Mayfair art gallery due in 2017. We acted on the 2012 rent review and on the original leasing back in 2007. The art gallery market in Mayfair has seen phenomenal rental growth over the last few years and Mayfair more than ever has become the heart of the UK art world. Location: Mayfair
Sales Force Tower Formerly known as Heron Tower GN2 have been instructed to advise City Credit Capital on one of the first rent reviews in the building since it’s completion in 2011. We are handling the review of the part 12th floor with an effective date of 25 December 2016. Location: City
Condor House We have been instructed by asset managers Muller to advise on the September 2016 rent review on behalf of the landlord NorthStar. The fifth floor comprises 17,580 sq ft of high quality Grade A offices located in a prime position overlooking the piazza of St Paul’s Cathedral. Location: City
28-36 Davies Street On behalf of Stow Properties we have recently agreed a series of rent review and lease renewal on this prime block of property. The building is known locally as Claridge House, given its proximity to Claridges. We have undertaken negotiations with retailers Sunseeker, Gimpel Fils and the Yacob Gallery as well as on the office suites above. There has been significant rental growth both for B1 office accommodation as well as for retail showrooms and galleries, and all this in spite of the Crossrail works at the Oxford Street end of Davies Street. We can foresee the popularity of this Street as a high end quality retail destination increasing further as the Elizabeth Line comes on stream. Location: Mayfair
7-9 Rathbone Street GN2 negotiated the 2014 rent review on behalf of the Landlord, Stevens Properties Limited. The building is 16,000 sq ft and is situated in Fitzrovia and is occupied by CH+I advertising agency. Whilst this review took some considerable time to negotiate, this was considered beneficial to our clients position as the market was continuing to strengthen. The adjoining site was in the process of being redeveloped and has now been pre-let to Facebook. Location: Noho
White Bear Yard On behalf of IDEO LP we negotiated a rent review against Standard Life. We agreed the June 2014 rent review in a timely manner as we were particularly concerned with the rapid escalation in rental values in the surrounding area. Rents have now reached £67.00 to £70.00 per sq ft and we are very pleased to have been able to agree a more historic rental level. Location: City