London Commercial Estate Agents and Surveyors, Gerver Freedman, celebrates the largest West End commercial property office letting for over ten years
Released on = March 9, 2007, 4:43 am
Press Release Author = Gerver Freedman
Industry = Real Estate
Press Release Summary = Gerver Freedman, a leading firm of West End Commercial Estate Agents and Surveyors, advises on a number of major commercial property transactions involving the letting, sale and acquisition of important office buildings, in Central London.
Press Release Body = London, UK - Gerver Freedman, a leading commercial property letting company in London, celebrates the largest West End commercial property letting for over ten years. The 55 Baker Street office acquisition in London's West End, is Gerver Freedman's largest commercial property letting and was acquired on behalf of BDO Stoy Hayward. The property is the former office headquarters for Marks and Spencer and was acquired by London & Regional in 2005. The property will comprise 493,000 sq. ft. of offices, 42,192 sq. ft. of retail, 17,000 sq. ft. of leisure and 25,000 sq. ft. of residential, and is expected for completion by September 2007.
The terms of the commercial property lease are confidential but are understood to be £40 per sq. ft. under a 20-year lease with more than two years rent free.
Tony Gerver, Partner at Gerver Freedman comments: "It took almost three years to find the right property for BDO Stoy Hayward. They needed a large enough commercial property to consolidate four offices they are occupying in London's West End. 55 Baker Street is a stunning development and I believe this commercial property letting gives Baker Street a real boost as a prime location for West End, Central London offices"
Commercial Estate Agents League Table
Gerver Freedman's involvement with this significant commercial property letting, catapulted them to second place in FOCUS' Agency League Table. FOCUS is the UK's provider of commercial property information, and ranks commercial property estate agent's on the highest number of commercial property acquisitions achieved within the commercial property market.
Find a commercial property, West End, London
Gerver Freedman's website provides a useful platform from which tenants can search an up-to-date and comprehensive commercial property database of office space available to help them to find a suitable office in Central London.
2012
