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Banking & Finance

Location

Fitzrovia

Size

13,000 sq ft

Transaction Type

Tenant disposal

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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.

Result/Outcome

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.”