CB Richard Ellis (CBRE) has secured new offices in the West End of London pending the expiry of their current lease at Kingsley House, Wimpole Street W1 in May 2011. CBRE has entered into an Agreement for Lease to take Henrietta House, Henrietta Place, W1 which is being vacated by Diageo.
The landlord, Lazari Investments, is taking a surrender of the residue of Diageo's lease in order to completely refurbish the building in readiness for CBRE's occupation.
Following an innovative approach to the transaction CBRE will deliver the scheme on behalf of Lazari. CBRE will take an over-riding 15-year lease on the entire building, totalling approximately 98,000 sq ft. This will allow CBRE to manage the property for its own and the landlord's benefit.
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