Brief

Relocate the business to a contemporary office in the City of London, as close to a lease expiry as possible. The KPIs were:

• Located within 0.5M of the Bank of England
• Minimise disruption to the team’s working practices
• Fulfil the client’s IT strategy
• Meet stringent security and financial requirements
• Minimise doubling of overheads

Challenges

• Compliance
  Working with a regulatory body required stringent due diligence on all move costs including:
  • Rents
  • Service charges
  • SDLT
  • Potential Business Rates liability once reassessed by the Valuation Office Agency 
  • Fit-out costs of the new office
  • Dilapidations costs of the old office
• Cost management
  Despite repeated challenges, the project was completed at a cost less than that of 10 years ago.

Result

“Knowing the complexity of the brief - finding the right space, at the right price, in the right location and fitting it out to our specific requirements - we are delighted that not only was it fulfilled on time and on budget, but the team was professional and a joy to work with, throughout.”

Alex Tetley