1 Frying Pan Alley, E1
Newton Perkins was tasked with a very specific mandate to
secure a c.25,000 sq ft self-contained building for Usborne Publishing’s own
Having been based in Farringdon and, therefore, used to a
busy and vibrant neighbourhood, the location parameters were also very specific
– focussing only on creative City Fringe areas.
Newton Perkins introduced several on and off-market properties
within days of receiving instructions, including 1 Frying Pan Alley, which had
already been marketed for over a month and had garnered significant interest.
Following two very last minute viewings, we successfully
managed to register our Client’s late interest in time to comply with a call
for best bids.
With the Client having no prior experience in acquiring
commercial office premises, we supported and advised them through every step of
this process and managed to secure the premises after two rounds of bidding,
despite ten competing offers and no purchasing record.
We then managed to turn around a survey, using our in-house
building consultancy service, within two days and were able to exchange
contracts on the purchase within a week of agreeing terms.