Landlord & Tenant Case Studies

Cleveland House, St James’s Square

We acted on behalf of the tenant of the 6th floor of this prime St James’s office building. The floor comprised 8,232 sq.ft of Grade A space and the rent was £658,560 per annum (£80 per sq.ft).

The landlord’s agent sought to increase the rent to £1,020,768 per annum (£124 per sq.ft) and the matter was eventually referred to an independent expert.

After receiving our submissions the Expert awarded a revised rent of £872,600 per annum which represented a saving of 14.5% or nearly £150,000 per annum from the landlord’s proposal.

 

 

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