Acquisition & Disposal
With a proven track record of acquiring and disposing of office space and industrial property, as well as helping clients with business relocation, our team of specialists guarantees a personal service, designed to meet your specific requirements.
How we work
We advise investors, owners, developers and occupiers across the UK, helping clients to meet their objectives by:
- Developing a deep understanding of your goals and ambitions - before we act
- Accumulating an unparalleled understanding of the markets we operate in - this underpins our intelligence and access to prime off and on-market opportunities
- Providing informed, impartial and independent advice
Why choose us?
From negotiating the best terms possible to limiting future liability, our specialists will deliver a solution which best meets your financial and operational requirements, whilst reducing your property costs.
In addition, our specialist commercial property agents are supported by a wider team of professionals with the skills and experience to help clients protect and grow the long-term value of their investments. Visit the pages below to find out more
Our dedicated Central London Agency unit meets the unique characteristics and dynamics of the central London market. This specialist unit combines deep knowledge of the property market, with an unparalleled combination of experience and expertise honed, in some cases, from working in London for over 40 years.
The team’s ability to interrogate a brief, act quickly and only submit recommendations which best match clients’ financial and occupational needs allows clients to meet their goals.
Everyone can research the market, but only a few can match the team’s combination of service and profound market intelligence.
What other services do we offer?
The amount of space you need depends on how you want to use the space and the size of your desks - are they 1400mm, 1600mm, 1800mm? New buildings are currently being occupied on the basis of one person to every 8 sq.m. If the building is older, allow 10 sq.m per person.
This is a rough rule of thumb and these sq.m rates allow for kitchen areas, meeting rooms, circulation space, etc. When planning and designing your fit-out, you need to ensure it reflects your culture, what you do, the number of people you want to accommodate and a whole host of other factors.
Monthly costs will be determined by location, quality of accommodation and various other factors. You should be absolutely clear from the outset what you can afford in terms of:
- Service Charge
The minimum term is usually three years on a conventional basis (in a weak market). In a stronger market, landlords can go for clear terms for five years and above. The serviced office market is putting downward pressure on lease lengths.
This really depends on your personal preferences, for example, if you opt for fancy Italian marble everywhere, but most people allow £40-£80 per sq.ft, excluding VAT and professional fees.
Conversely, some tenants also budget for dilapidation and reinstatement liability come expiry.
This is a critical question. Find out from the outset if there is fibre connectivity in the building - most common fibre providers include BT Openreach, Colt and Virgin Media.
There is often a frame room comms termination point in the basement. If fibre does not go to the floor, do landlords require a wayleave agreement? This is an additional document to that of the lease and any licence to alter to allow for fit-out.
For new lines, it can take up to 60 days to order new lines; however, this does not include time for legal work in connection with any wayleave agreements that need drafting.
You should allow a minimum of six months when looking for a new office. We have outlined a rough timeframe below:
- Search - four to six weeks
- Agree the terms - two weeks
- Legals - four to eight weeks
- Fit-out - six to 24 weeks, depending on the size of the unit and how long it takes to obtain permission to carry out works in the building
Every organisation is unique, so there is no definitive answer. Some business owners like to be close to their clients, partners or supplies, or choose a location that makes a ‘statement’ about their brand and/or organisation.
A good place to start is to conduct an internal audit and find out where your colleagues live and how they get to work. If it is by public transport, ascertain which destinations best accommodate for this. When you have all of this data, plot it on a map and this will help you choose the best ‘collective’ location near a central transport hub.
If your lease is up, you don’t have to move. You could always try to negotiate better terms for either the space you occupy or a larger or smaller space within the same premises owned by your landlord, depending on your requirements.