Banking & Finance
Location
Fitzrovia
Size
13,000 sq ft
Transaction Type
Tenant disposal.
How did Rebase add value?
Rebase re-structured Waverton’s existing lease and gave advice on the exit of a subtenant creating space for L&C. Rebase utilised their connections by negotiating directly with L&C’s Landlord and were offered a lease surrender deal. We advised L&C that they should market the premises to leverage interest and secure more competitive terms.
What was the result?
Rebase sourced a new tenant within a month of a targeted marketing campaign, and despite aggressive Landlord intentions secured consent for a sublet which saved L&C £3.85 million.
The Rebase team’s knowledge of the market, experience and counsel has helped L&C Waverton to a position where we are confidently looking ahead.
