In the present uncertain economy,
Newton Perkins' all embracing property services have realised significant
benefits for a wide range of clients:-
Clients of Newton Perkins' have benefited from the attractive leasing terms
which can be negotiated in the light of present market conditions. Solicitors,
HBJ Gateley Wareing have relocated to a new 11,000 sq ft London HQ at 2
Fleet Place, EC4, whilst the joint venture partnership between INTO and
The University of East Anglia was advised by Newton Perkins in the
leasing of 50,000 sq ft at Blackstone's new development at 100 Middlesex Street,
E1 for a premier teaching facility.
Within six months of instruction,
Newton Perkins has let three of the four floors in Threadneedle's 63 St
Mary Axe, EC3 building in transactions totalling 31,000 sq ft. Three of the five
floors in CCLA's Alpha House, 24b Lime Street have been let or placed
under offer. Further lettings at Fountain House, Fenchurch Street and Roman Wall
House have delivered virtually full occupancy to the respective clients,
Aviva Investors, Marsh Corporate Services and London & Regional Properties,
whilst Newton Perkins has advised McKay Securities in renewing leases with all
bar one of their tenants in their 40,000 sq ft Portsoken House, Minories, EC3.
With recent research indicating that
70% of tenants are more inclined to re-negotiate leases at existing premises
rather than move, Newton Perkins has advised Noble Investment Group on
remaining in 120 Old Broad Street, EC2 and leading recruitment
consultants, Hanover Search & Selection at 46 Cannon Street, EC4
saving substantial sums on both client's previous overheads.
The rent review has been resolved at
Atelier House, Pratt Street, NW1 for MACE. Further reviews are underway
at 55 Grosvenor Street, W1, on behalf of Maersk, and at Plantation Place
(100,000sf) and 88 Leadenhall Street (70,000 sq ft) both for QBE European Operations.
On behalf of freeholders,
Rockspring Property Investment Managers, Newton Perkins has been instructed
on the management of their multi-let City core building at 32 Cornhill, EC3.
Newton Perkins has been instructed
by several companies on their search for new premises, including Cooper Gay
Holdings, Joslin Rowe, Spectrum and Dual Corporate Risks.
New letting instructions have been
won in a variety of locations including Marlow House in Lloyds Avenue, EC3, at
Minster House, Mincing Lane for F&C REIT, 90 Fenchurch Street for
Thomas Miller and at Central House, Camperdown Street for Maersk.
On the business rates front, Newton
Perkins has been retained to advise Aberdeen Property Investors in
respect of their building at 1-4 St Dunstans Hill, EC3 and Union Bank plc
for their UK head office at 14-18 Copthall Avenue, EC2.
Newton Perkins is advising a number of
City occupiers affected by Compulsory Purchase Orders in respect of the Crossrail
development
at Liverpool Street Station.
