Find out what’s been happening at Lorenz Consultancy.
With Coronavirus remaining a threat, the lockdown still in place, the economy shrinking fast and the June rent quarter-day on the horizon, we examined how Occupiers and Landlords can deal with this ongoing situation.
Our Managing Director, Anthony Lorenz, spoke to Bisnow on new government legislation prohibiting commercial Landlords from forcing Tenants to pay rent for the next 90 days.
We are providing advice to clients as well as input and insight to the press about the impact of the coronavirus on the commercial rental market.
Listen to the 1st of Bisnow webinar (2 April) hosted by Mike Phillips, UK editor of Bisnow, featuring our Head of Lease Advisory Richard Russell and David Bulcher, Chairman of Bulcher Philips.
Bisnow & Lorenz Consultancy on Surviving & Striving: Rent Payment Negotiations In A Time Of Distress
Anthony Lorenz gives a further update to Tenants facing quarter day rent in the midst of the Corona Virus Pandemic.
Our Managing Director Anthony Lorenz gives advice to Tenants struggling as a result of closures due to Covid-19.
As a result of Coronavirus, the UK’s pubs, bars, restaurants, theatres, cinemas and nightclubs are on their knees, and on 25 March, rent is falling due.
We recognise this is worrying time for you, your employees and your business in this ever-changing and challenging environment in which we find ourselves in.
Perhaps the most devastating effect on property became apparent to me on Sunday when no less than 12 Owners of Bars, Clubs and Restaurants phoned to ask how they are going to manage through a crisis.
The 1954 Landlord and Tenant Act gave Tenants the rights, whose Leases Expire, the ability to renew at market rental terms.
Having handled the acquisition of BYM Capital’s Mayfair office, we were introduced to Arena Investors, friends of BYM.
BYM found that their serviced office space in Knightsbridge was no longer fit for purpose.
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.
Fintech company, PassFort, were in need of additional space due to their expansion.
Congratulations to Andrew Knights of The Lorenz Consultancy and Jason Dunlop of Grant Thornton LLP, who were crowned winners of the MIPIM Tennis Tournament.
Nothing gave me more pleasure than to invite a few friends and Clients to West Sussex for a wonderful day at my home.
Download our Market Rent Guide to see the approximate minimum to maximum rent budget for each area in London.
A Landlord can only oppose a renewal on certain limited grounds. Set out in Section 30 of the Landlord and Tenant Act 1954.
Following the successful letting of the lower ground floor suites, we experienced a large amount of interest in the first floor,
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.
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.
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.
We went to the market seeking alternative creative office space for our Client, eventually acquiring a new lease on the refurbished second floor at 81 Southwark Street.
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.
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.
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.
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.
Richard Russell discusses the meaning and processes involved in a commercial rent review. Richard explains the options within a rent review and lease renewal from the perspective of both a tenant and a landlord.
Taking instructions on behalf of Hawes and Curtis, we introduced a Tenant, who took over the assignment of the lease.
Taking instructions on behalf of BLJ group, we were tasked to dispose of their accommodation on Grosvenor Gardens.
Whilst handling the early surrender of their lease on Vine Hill, we were urgently searching for accommodation for an inevitable relocation.
Taking instructions in late 2017 to source suitable expansion space for a workshop, we subsequently introduced Mirpuri Bespoke to 24 Hanover Square.
Having handled the upward only rent review on the 4th floor in 2017, we knew that our client was keen to expand within the building.
We talk to Frank Perri on his first year working as a Surveyor for The Lorenz Consultancy
We are delighted to have been ranked first place in the Top 40 UK Property Firms "Turnover Per Fee Earner" category, in the Property Week Agency Survey 2018!
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.
Engineering Management Services were introduced to us when it was apparent they would need to relocate in time with the expiry of their lease in November 2018.
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.
Despite Brexit, the Commercial Property Market in London held up in 2018.
Having acted for The National Magazine Company intermittently for nearly 30 years, we were flattered to be appointed to handle their exit dilapidations
The appropriate method of termination depends on whether the lease has the protection of the Landlord and Tenant Act 1954.
The supreme Court decision urging more Tenants to question the credibility of their Landlord's intentions to redevelop.