Office negotiation for government body in the film industry

Check WB, is this 10 Little Portland Street? If so, is this https://www.realla.co.uk/details/15250052 the state the building was in. Can we use it to big up the property?

The brief was to acquire approximately 10,000 sq ft in central London for UK Film Council, a non-departmental public body set up to develop and promote the film industry in the UK. At the time rents ranged from £27.50 to £40 psf.

Negotiating the rent and rent-free

10 Little Portland Street (12,120 sq ft) was identified by us as meeting the client’s brief; the asking rent was £28 psf or £340,000 per annum. After negotiation, the savings achieved were a rent reduction of £25,000 per annum plus a rent-free period of 10 months.

Duration of UK Film Council’s office project

The project took circa 12 months to complete and savings of £387,500 were achieved over the 5 years to the first rent review. Our fee was £20,000 + VAT.

March 2000