11 Curzon Street, London, W1J 5HJ
T: 020 7499 6070 • F: 020 7499 6080 • E: info@simonkorn.co.uk
West End - W1 & SW1
The decline in take up in the West End office market began in Q1 2008, falling 59% on Q4 2007. Since then, quarter on quarter, the level of take up has continued to fall further, with the market reaching its lowest levels in Q1 of this year, with just over 386,000 sq ft of transactions. However, the trend has since been upwards and in Q3 2009, the West End office market so far recording 547,000 sq ft in deals.
West End Offices:
- 547,000 sq ft of take up recorded so far in Q3, 47% of which was new or refurbished space.
- l 6.7 million sq ft of available space, 761,190 sq ft of which is under construction.
- 199,848 sq ft newly marketed in September.
Acquisitions
44 Hertford Street
Acquired for a firm of recruitment consultants as part of their expansion plans.
Comprises a self contained period building arranged over lower ground, ground and 5 upper floors totalling 3,795 sq ft.
Acquisitions
Millenium Bridge House, 2 Lambeth Hill, London EC4
Acting on behalf of a firm of international lawyers we acquired a suite of offices totalling 25,477 sq ft arranged on the 3rd floor and provided with raised floors, lifts, commisionaires, suspended ceilings and air conditioning.
Disposals
2 St James's Place SW1
On behalf of a private investor we advised on the refurbishment of this period office building & subsequently pre-letting.
Lease Renewals
55 Strand WC2
Acting on behalf of recruitment consultants we negotiated the rent review of the entire upper part of this landmark building totalling 26,500 sq ft.