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Find out what's been happening at Lorenz Consultancy.

44 Davies Street

Global Investment Advisors Acquire New Mayfair Office for London HQ

With the growth of their business and headcount now having stabilised, Arena Investors' existing office space was not fit for purpose and, facing lease expiry at the end of the year, it made perfect sense to take the opportunity to relocate to better, more suitable offices nearby.

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Stylish Mayfair Office Acquired on Behalf of Major Residential Developer

BYM found that their serviced office space in Knightsbridge was no longer fit for purpose. They instructed The Lorenz Consultancy to find them suitable long term office space, on a conventional lease, where they have been able to create a homely work environment, as well as achieving the identity that their business so evidently required.

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Exciting Tech Start-up Successfully Expands into Second London Office

Fintech Company, PassFort, were in need of additional office space due to their expansion. They had recently taken additional desks in a serviced office. Flexible, short-term workspace, at an excessively high desk rate. The Lorenz Consultancy carried out an extensive office search and successfully acquired their second UK office.

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The Serviced Office Market, Its Future and What Next?

Anthony Lorenz discusses the meteoric rise of serviced offices and co-working Operators, such as WeWork and The Office Group, taking long term leases and buying freeholds.

Market Rent Guide 2019

TLC Market Rent Guide

Looking for offices? Download our Market Rent Guide to see the approximate minimum to maximum rent that you should be budgeting for in each area of London.

Tenants Rights

What are your rights when a Landlord intends to redevelop?

A Landlord can only oppose a renewal on certain limited grounds, set out in Section 30 of The Landlord & Tenant Act 1954. One of those grounds is where the Landlord wishes to redevelop the property. A development in case law means that Landlords must now prove their intention to redevelop to the satisfaction of the Court.

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Understanding the Case of S Frances LTD V the Cavendish Hotel (London) LTD

The Supreme Court decision urging more Tenants to question the credibility of their Landlord’s intentions to redevelop and changing the way we interpret the Landlord and Tenant Act 1954

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Looking Back on 2018 - the Lorenz Consultancy's Year in Review

Despite Brexit, the Commercial Property market in Central London held up unbelievably in 2018, and proved a very successful and transformative year for The Lorenz Consultancy. Our Agency Department were involved in acquisitions and disposals, on a rent roll of £7.5 million per year, and our Professional Department were involved in £13 million worth of rental transactions, on a total area of some 175,000 sq ft.

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Tenants Rights under the 1954 Landlord & Tenant Act Reinstated

After almost five decades of complex Landlord and Tenant Litigation arguments, with a strong bias towards Tenant Representation, we were astounded by the judgement that Landlord, Cavendish Hotel, could throw out their Tenant, S. Franses, who, for many years, had occupied a prime retail unit, under the Hotel on the corner of Jermyn Street and Duke Street St James.

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HEARST HEADQUARTERS EXIT SUCCESS

We were flattered to be appointed to handle exit dilapidations for Hearst Magazines on their UK Headquarters in Broadwick Street, Soho, where the Landlord quoted a 7 figure amount.

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Homebase’s CVA has churned up more ill will between Landlords and Retail Tenants

The recent atmosphere of mistrust over CVA’s could seriously damage future relations between the two. Rocky times are a sad fact of any relationship. Even with the best of intentions, sometimes retailers are under pressure to make their margins and, most importantly, manage strained cash flow.

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EARLY LEASE SURRENDER ON 20,000 SQ FT WEST END OFFICE FLOOR

Having successfully sublet part of the 2nd floor short term, comprising 4,500 sq ft, and handled the rent review on the entire floor, our Client, Encompass Digital Media, were in the process of relocating to Chiswick and subsequently decided that the space at Stephen Street was no longer required

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21,000 SQ FT FORMER CASINO LEASE ASSIGNED TO UNIQUE LEISURE OCCUPIER

Long standing Client, London Clubs, closed the 21,000 sq ft historic casino, and instructed us to market the premises on the basis of an assignment of the existing lease.

LONG STANDING TENANT LEASE SURRENDERED FOR VACANT POSSESSION TO DEVELOP

Engineering Management Services had been in occupation of the self-contained ground and mezzanine floor for a substantial period, and were introduced to us when it was apparent they would need to relocate in time with the expiry of their lease in November 2018

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ENGINEERING CO RELOCATE FROM CLERKENWELL TO 2,566 SQ FT STRATFORD OFFICE

Whilst handling the early surrender of their lease on Vine Hill, we were urgently searching for accommodation for an inevitable relocation, where our Client entered into a flexible new lease

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FIRST PLACE FOR LORENZ!

We are very proud that our team was ranked first place in the Top 40 Property Services, ranked by UK turnover per fee earner, in the Property Week Agency Awards 2018!

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A BONUS DEAL FOR THE RUSKIN HOTEL

We were appointed by The Ruskin Hotel to handle a lease renewal, after which, the Estate decided to redevelop the property, forcing an early exit for the Tenant, under the Landlord and Tenant Act. With timing and co-operation, our Clients were paid a substantive bonus, over and above statutory compensation, and we also managed to minimise the Dilapidations claim.

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6,073 SQ FT B8 INDUSTRIAL UNITS LET TO EVENTS COMPANY IN SE1

We were instructed to market the space on behalf of our Client, on new leases for a term certain of up to 18 months.

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1,800 SQ FT ACQUIRED FOR INTERNATIONAL MEDICAL CLIENT

Having handled the Rent Review in 2017, we know our client was keen to expand within the building. In January 2018 we offered them an off market opportunity to take the space opposite them on their floor, giving them the opportunity to have a self-contained floor of circa 4,000 sq ft.

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700 SQ FT ACQUIRED ON BEHALF OF WELL ESTABLISHED TAILORS

Taking instructions in late 2017 to source suitable expansion space for a workshop, we subsequently introduced Mirpuri Bespoke to 24 Hanover Square.

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1,300 SQ FT GROSVENOR GARDENS OFFICE SPACE LET TO INTERNATIONAL FASHION BRAND

Taking instructions on behalf of BLJ group, we were tasked to dispose of their accommodation on Grosvenor Gardens.

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NEW LEASE GRANTED TO FIZTROVIA COCKTAIL VENUE

The existing Tenant was not trading satisfactory, and wanted to terminate their lease early. We sourced a new Tenant and a new lease was granted in line with a simultaneous surrender of the existing lease.

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FULHAM ROAD RETAIL UNIT LET TO HAIR SALON

Having handled all lettings and lease negotiations on the parade for the past 6 years, an existing tenant, Leto Café, wished to exit the premises early. We marketed the unit on a new lease, which led to a letting to Gregni London, at a rent of £85,000 pax.

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DIGITAL MARKETING AGENCY SECURES 7,000 SQ FT OF FITTED MEDIA STYLE SPACE IN FITZROVIA

Our Client entrusted us with the task of finding a short - medium term office, to facilitate their anticipated expansion. We eventually completed a new sublease on the part 3rd floor at 50 Eastcastle Street, which was fully fitted and ready to move into, on favourable terms.

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TECH VENTURE CAPITALISTS SECURE FIRST CONVENTIONAL LEASE ON NEW OXFORD STREET OFFICE

Our Client's office space was no longer appropriate for the business going forward. We were instructed to search for new premises, and came across an off market opportunity. Our client completed a new lease on some 1,300 sq ft on the 4th floor of 112 New Oxford Street.

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REFURBISHED KENTISH TOWN OFFICE ACQUIRED FOR ESTABLISHED ROBOTICS COMPANY

An established robotics company came to us to negotiate terms on some 3,500 sq ft of media style refurbished space on Gordon House Road, Kentish Town, we successfully completed a new 10 year lease for our client on favourable terms.

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PRIVATE HIGH NET WORTH INDIVIDUAL SECURES NEW MAYFAIR OFFICE

We were instructed to source and secure high quality period office space in Mayfair, for a family office, on behalf of a private high net worth individual.

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1,500 SQ FT CITY PENTHOUSE OFFICE LET TO FINANCE COMPANY

The Lorenz Consultancy were instructed to market part of the floor, comprising 1,500 sq ft fitted accommodation, and after a relatively short marketing campaign, a subtenant was secured for a term of 2 years.

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5,400 SQ FT GRADE A FITTED MAYFAIR OFFICE ACQUIRED FOR FINANCE COMPANY

Reward Insight were served notice by their Landlord, who wanted vacant possession for redevelopment. Thus, there was no other option but to relocate. Following extensive negotiations, in which favourable terms were agreed, a new lease completed on flexible terms.

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ANNOUNCING THE LAUNCH OF OUR NEW WEBSITE

The Lorenz Consultancy are excited to announce the launch of our newly designed and rejuvenated website. The updated site encompasses an all-together more easier, user-friendly navigation, and introduces a host of newly created, downloadable content, from Rent Review Guides to Market Rent Analysis.

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How can a lease end?

The appropriate method of termination depends on whether the lease has the protection of the Landlord and Tenant Act 1954, which party wants to bring it to an end, whether the lease is coming to its contractual end or one party wants to get out of it early, and whether the tenant is in breach of any of the lease terms.

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What to do when there is no Schedule of Condition

In Dem-Master Demolition Ltd v Healthcare environmental services Ltd [2017] CSOH 14 the Outer House of the Court of Session considered the interpretation of the repairing clause in a commercial lease which referred to a photographic schedule of condition but the schedule of condition had never been prepared.

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Passfort take new space in Princelet Street

We were retained by Passfort, who were occupying serviced office space in SE1, to find them suitable premises when they needed better value conventional space.

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3,667 SQ FT OFFICE FLOOR ACQUIRED FOR FAST GROWING PROP TECH COMPANY

We were introduced to a fast growing well funded online Estate Agency, to handle an urgent requirement to expand their London office, simultaneously consolidating the company as a whole into the City.

Technology is changing the economic landscape but the question is why new technology is having a greater impact on property than political change

It's no secret that technological change is redefining the current economic landscape. Why are technological advances influencing the property market more than politics?

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1,860 SQ FT DENTAL CLINIC ACQUIRED WITH CHANGE OF USE

We were instructed by a new London dentist venture, First British Clinic, to help them find and secure their first commercial property in Central London.

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THE HOUSE WINS! THE GOLDEN NUGGET SEPTEMBER 2015 RENT REVIEW SETTLED AT NO INCREASE

THE HOUSE WINS! THE GOLDEN NUGGET SEPTEMBER 2015 RENT REVIEW SETTLED AT NO INCREASE

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9,217 SQ FT FITZROVIA OFFICE BUILDING MULTI-LET SHORT TERM

The Linton Group, a long-standing client, instructed us to market the entire building on 12 – 18 month leases, to accommodate future plans to redevelop.

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LONDON COMMERCIAL PROPERTY SECTOR SET TO SEE RECORD INVESTMENT DESPITE BREXIT

Latest figures show that the uncertainty surrounding Brexit negotiations is not having impact on the London’s Commercial Property sector

London has been named the top European economic city, making the UK the most attractive country for employers

The UK has been dubbed the most attractive country for employers and staff, with London retaining its crown as the top European economic city, according to a new report.

1,504 SQ FT MAYFAIR OFFICE LET TO PROPERTY CONSULTANTS

Fawcett Mead instructed us to handle the renewal negotiations at their offices in Great Portland Street, whilst simultaneously searching for suitable premises to relocate.

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40,000 SQ FT INDUSTRIAL PREMISES ACQUIRED FOR INTERIOR DESIGN / FURNITURE COMPANY

A friend of the firm asked us to handle the negotiations of 3 industrial units, comprising 40,000 sq ft in West London.

BAILEY "THE KID" ON REACHING HIS 1 YEAR MILESTONE AT LORENZ

Bailey spills the beans on his first year working for The Lorenz Consultancy as a Trainee Property Consultant. Brace yourselves, The Kid's on a roll!

Rent Review Checklist

Over 10% of Rent Reviews will have to go all the way to Expert or Arbitrated Determination by the end of 2018, so it's important that Tenants are prepared.

Retailers and Restauranteurs - Check out your Landlord before signing a lease

Many Landlords today are trying to avoid their Tenants enjoying the protection of The Landlord & Tenant Act by granting excluded leases. Research your Landlord.

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Both investor and occupier demand in the UK’s commercial property market edged up during the third quarter of 2017

Both investor and occupier demand in the UK’s commercial property market edged up during the third quarter of 2017 but there is more caution around the central London market, the latest analysis report shows.

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1,076 SQ FT FITZROVIA OFFICE FLOOR LET TO FIRM OF ACCOUNTANTS

The Lorenz Consultancy have managed the parade of offices on Tottenham Court Road on behalf of Lazari Investments Ltd for many years.

1,458 SQ FT TOP QUALITY SHOWROOM / OFFICE SPACE LET TO DESIGN COMPANY

Jo Cowen Architects instructed us to source and secure a new premises, to accommodate urgent expansion requirements.

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Creative marketing co complete new lease on 2,209 sq ft self-contained ground and mezzanine office arches

Creative marketing co complete new lease on 2,209 sq ft self-contained ground and mezzanine office arches

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3,472 sq ft Mayfair office acquired by way of assignment of existing lease for fast growing Tech Co

3,472 sq ft Mayfair office acquired by way of assignment of existing lease for fast growing Tech Company

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GALLERY YACOU, 127 FULHAM ROAD SW3

Early surrender negotiated with the existing Tenant at 127 Fulham Road, and granted a new lease to an established Auctioneer.

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TLC GUIDE TO COMMERCIAL RENT REVIEWS

Download our Commercial Guide to Rent Reviews. Get informed, get expert help, and get ready for the toughest market ever. What to do and how to get expert help.

3,800 SQ FT FORMER 1ST FLOOR SHOWROOM RETAIL SPACE ACQUIRED FOR ARCHITECTS – FURNITURE AND ARTS BUILDING

The acquisition concluded an extremely successful campaign on behalf of Jo Cowan Architects, in which we simultaneously disposed of their old offices at 184 New Kings Road, whilst acquiring the space at The Furniture and Arts building, 533 Kings Road comprising some 3,800 sq ft.

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Is Brexit uncertainty creating a window of opportunity?

According to propertyWeek.com, 41% of Tenants favour a short lease in view of the uncertainty of a hard or soft Brexit, or no Brexit at all. Here's our advice.

Tenants beware when relying on your quiet enjoyment clause - 5 things to consider

Tenants beware when relying on your quiet enjoyment clause. The recent case of Timothy Taylor vs Mayfair House will create Case Law to be utilised in the future. Here are 5 things Tenants need to consider.

Off-market Prime Brompton Cross Retail Unit Let to Established Auctioneers

We have handled a number of retail lettings along the same parade in Fulham Road for many years, and in April we had all units occupied / under offer.

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Third floor George Street office space let to reputable hospitality group

Lease completed and third floor office space on George Street now successfully let to a reputable hospitality group.

Fantastic 1st floor office let to independent Finance Company

ANOTHER SUCCESSFUL LETTING! 8 Headfort Place - Fantastic 1st floor fully serviced office let to independent Finance Company

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PENTHOUSE OFFICE FLOOR WITH PRIVATE ROOF TERRACE LET TO ECHO ENERGY PLC

ANOTHER SUCCESSFUL LETTING – 40 George Street: Penthouse floor with private roof terrace lease surrendered and simultaneously relet to Echo Energy PLC

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Who made the list?

We are very proud that our team was voted 4th in Top 40 European property services ranked by UK turnover per fee earner.

Read this before signing a lease outside The Act

Landlords no longer need to contract outside the 1954 Landlord and Tenant Act to preserve the value of their assets.

MEDIA RECRUITMENT CO SECURED NEW 900 SQ FT MARYLEBONE OFFICE FOR RELOCATION

We helped Media Recruitment company, Arts & Media Ltd complete on their new lease on 900 sq ft Marylebone office, read more about it!

The Toughest Market Ever

Having represented Landlords and Tenants for over 40+ years on Commercial Property Rent Reviews and Lease Renewals, we have rarely had to resort to Arbitration or the Courts respectively, but has 2017 proven to be the toughest year ever? Here's how to strategise for success...

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WARREN STREET OFFICES LET SHORT TERM TO TECH COMPANY

We were instructed with the task to secure occupiers on flexible short term leases, whereby our client is able to obtain vacant possession the moment they are ready to commence works. Subsequently, we let the 1st floor office, comprising 1,699 sq ft.

Are 2017 Rent Reviews The Toughest Ever?

Are 2017 Rent Reviews the toughest ever?

Are 2017 Rent Reviews the toughest ever?

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A3 UNIT LET SHORT TERM TO FOOD/BAR CONCEPT

We successfully let 1,038 sq ft over ground and basement on Warren Street to a food/bar concept.

LXM Checks in as 48 Pall Mall's First Tenant

Investment banking provider LXM Group has relocated its UK headquarters from Belgravia to the redeveloped 48 Pall Mall offices, becoming the building’s first tenant.

Recruitment for Renew Office Lease in Fleet Street

Recruitment for Renew Office Lease in Fleet Street

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Prime Mayfair Retail Letting Completes to Expanding Gallery

Prime Mayfair Retail Letting Completes to Expanding Gallery

1,400 sq ft Midtown Office Sublet to Finance Company

1,400 sq ft Midtown Office Sublet to Finance Company

London Office Market Defies Brexit

London Office Market Defies Brexit

1,000 sq ft Short Term Mayfair Office Let to Property Company

1,000 sq ft Short Term Mayfair Office Let to Property Company

Advertising Agency Takes Lease in Notting Hill / Bayswater

Advertising Agency Takes Lease in Notting Hill / Bayswater

3,029 sq ft Fitzrovia Office Floor Let Short Term to Tech Company

3,029 sq ft Fitzrovia Office Floor Let Short Term to Tech Company

Overseas Tailors Commits to St James's as First London Location

Anthony Lorenz, The Lorenz Consultancy, Rent Review, Commercial Property, Hanover Square, Mayfair, Lease Renewal, Lease Expiry, Niche Agency, Boutique Agency, Property Week, Baker Lorenz, Estates Gazette, New Office, Office Relocation, Lease Terms, Negotiation, New Lease, Commercial Property Market, Acquisition, Freehold, Leasehold, Property Article, Property News, Lease Assignment, Agency Acquisition, Rent, Letting, Leasehold Interest, Landlord, Tenant, Under Offer, London

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Brompton Cross Retail Letting Completes

Brompton Cross Retail Letting Completes

Major Ticketing Firm Surrender Soho HQ Offices

Major Ticketing Firm Surrender Soho HQ Offices

30 Desk Covent Garden Serviced Office Acquired for Ticket Sales Firm

30 Desk Covent Garden Serviced Office Acquired for Ticket Sales Firm

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3,200 sq ft Central Mayfair Self-Contained Building - Lease Sold to Finance Company

3,200 sq ft Central Mayfair Self-Contained Building - Lease Sold to Finance Company

A Risk Premium? The Market Now is Busier than Ever

A Risk Premium? The Market Now is Busier than Ever

1,900 sq ft West End Finance Firm Acquire Mayfair Offices

Anthony Lorenz, The Lorenz Consultancy, Rent Review, Commercial Property, Hanover Square, Mayfair, Lease Renewal, Lease Expiry, Niche Agency, Boutique Agency, Property Week, Baker Lorenz, Estates Gazette, New Office, Office Relocation, Lease Terms, Negotiation, New Lease, Commercial Property Market, Acquisition, Freehold, Leasehold, Property Article, Property News, Lease Assignment, Agency Acquisition, Rent, Letting, Leasehold Interest, Landlord, Tenant, Under Offer

4,250 sq ft Short Term Fitzrovia Offices Let to Tech Company

Anthony Lorenz, The Lorenz Consultancy, Rent Review, Commercial Property, Hanover Square, Mayfair, Lease Renewal, Lease Expiry, Niche Agency, Boutique Agency, Property Week, Baker Lorenz, Estates Gazette, New Office, Office Relocation, Lease Terms, Negotiation, New Lease, Commercial Property Market, Acquisition, Freehold, Leasehold, Property Article, Property News, Lease Assignment, Agency Acquisition, Rent, Letting, Leasehold Interest, Landlord, Tenant, Under Offer, Tech Company, Fitzrovia, Office Letting, Short Term Letting

3,200 sq ft Self Contained Building in Central Mayfair Lease Assignment Exchanged

3,200 sq ft Self Contained Building in Central Mayfair Lease Assignment Exchanged

International Commodities Traders Acquire 910 sq ft First London Office in the City

Anthony Lorenz, The Lorenz Consultancy, Rent Review, Commercial Property, Hanover Square, Mayfair, Lease Renewal, Lease Expiry, Niche Agency, Boutique Agency, Property Week, Baker Lorenz, Estates Gazette, New Office, Office Relocation, Lease Terms, Negotiation, New Lease, Commercial Property Market, Acquisition, Freehold, Leasehold, Property Article, Property News, Lease Assignment, Agency Acquisition, Rent, Letting, Leasehold Interest, Landlord, Tenant, Under Offer, Landlord, Office Space, London

Former Gentlemen's Club Sold to Owner Occupier for Development to Self Contained Office

Former Gentlemen's Club Sold to Owner Occupier for Development to Self Contained Office

Vacant Possession for Development Created Through Lease Surrender Negotiations

Vacant Possession for Development Created Through Lease Surrender Negotiations

Roka Restaurant

Roka Restaurant

1,500 sq ft Bayswater Penthouse Office Let to PR Company

1,500 sq ft Bayswater Penthouse Office Let to PR Company

Moncler Acquire 500 sq ft Knightsbridge Overflow Office

Monclear Acquire 500 sq ft Knightsbridge Overflow Office

1,175 sq ft Fitzrovia Office Let to Travel Company

1,175 sq ft Fitzrovia Office Let to Travel Company

Prime Chelsea Retail Lease Surrendered

Prime Chelsea Retail Lease Surrendered

Mixed Use Investment Sold in Reading

Mixed Use Investment Sold in Reading

577 sq ft Prime Mayfair Office Short Term Lease Assigned

One of our Lorenz Consultancy properties has just come on the market is 577 sq ft Prime Mayfair Office Short Term Lease Assigned. Come check it out.

Anthony Lorenz Signs for Seventh Hanover Square Office

Anthony Lorenz Signs for Seventh Hanover Square Office

'We consulted with The Lorenz Consultancy Agency Team when searching for warehouse premises and a London showroom for our expanding furniture business. The team sent us a great selection of properties, we settled on one we liked with good transport access (as we have lots of deliveries in and out) and the Lorenz team negotiated a superb deal for us. A charismatic team with unrivalled experience and skill, and it shows!'

- Ben Hall
Loft Interiors

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