London W1 – Piccadilly Circus
24 June 2002Acting for the Tenant of 8 Glasshouse Street, London W1, I negotiated the rent review 24 June 2002.
Landlord: Land Securities PLC. Landlord’s Surveyors: Drivers Jonas.
The rent was £93,000 per annum and the proposal was £222,000 per annum.
The Landlord referred the matter to arbitration, but proceedings were not pursued. I negotiated agreement at £125,000 per annum.
In 2007, when the lease came up for renewal, the Landlord wanted to include a break-clause for redevelopment. The Tenant consulted me on matters arising and I was involved in the negotiations with the Landlord.
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