Latest News

Find out what's been happening at Lorenz Consultancy.

When is an Outside The Act Lease "Inside The Act"?

The 1954 Landlord and Tenant Act gave Tenants the rights, whose Leases Expire, the ability to renew at market rental terms.

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.

The Supreme Court

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

Annual Review News Page Square

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.

72 BroadwicK Street2

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.

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

Grove Crescent Road, Stratford (1)-1

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

i-love-this-little-cafe

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.

125 fulham road

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.

55 bishopsgate2

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.

shutterstock_293583077 (1).jpg

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.

shutterstock_153875747 (2).jpg

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.

11 Princelet Street-066615-edited.jpg

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.

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?

image (45).png

2,321 SQ FT OFFICE ACQUIRED FOR ESTABLISHED MARITIME LAW FIRM

We were retained by Jackson Parton Solicitors, to source suitable office space for relocation, driven by lease expiry.

Golden-Nuggett

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

Screenshot-2017-11-23-16.21.39.png

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.

River Brent Business Park.jpg

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.

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.

179 Tottenham Court Road.png

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.

old union yard arches.jpg

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

25 old burlington street.png

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

127 fulham road.png

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.

Rent Review Guide Square2.png

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.

shutterstock_495521482 (1).png

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.

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.

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!

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

Screen Shot 2018-03-15 at 11.17.36.png

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

Roka Restaurant

Roka Restaurant

1,708 sq ft Prime Mayfair Office Lease Assigned

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, Fit Out

Prime Chelsea Retail Lease Surrendered

Prime Chelsea Retail Lease Surrendered

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.

'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

Need further help and advice?