Our News
Fountain Court, Oxford Spires Business Park, Kidlington |
| The Lorenz Consultancy were retained by Eskmuir Properties to negotiate the lease renewal of offices on this Oxfordshire Business Park. The Tenant, Thames Valley Policy, occupy some 15,000 sq ft in the subject building, together with other buildings on the Park. We negotiated a 10 year lease, with a Tenant option to break in year 5 at a rent of over £200,000 per annum. Professional | Anthony Lorenz | Kathryn Sowter  |
5th April 2012, 04:50 PM |
Her Majesty's Theatre, Haymarket |
 We even get involved in theatre rent reviews and acting for Really Useful Group, we regeared the Lease held on the 1,200 seat theatre in consideration of under £100,000 against the Landlord’s quote of £250,000 per annum, extending our client’s occupancy until August 2030. Professional | Anthony Lorenz | Kathryn Sowter  |
6th March 2012, 10:36 AM |
13 Carlos Place |
 Hamilton Galleries have been clients of the firm for almost 15 years and we settled their September 2011 rent review at a rent of just under £250,000 per annum for some 3,700sq ft of retail space. We took a proactive stance on this review in view of a fast rising retail market in the area. Professional | Anthony Lorenz | Kathryn Sowter  |
6th March 2012, 10:33 AM |
1 Baker Street |
 We represented Berisford Industries on the disposal of almost 8,700 sq ft on the first floor of 1 Baker Street at the junction of Portman Square. We located the Tenant directly, another client of the firm, Elemis who specialise in beauty products and spas, who acquired a Lease until August 2014, and on whose behalf we then negotiated a 5 year reversionary Lease from expiry. Elemis have now moved into their new Head Quarters. Agency Disposal | Anthony Lorenz | Andrew Knights | Anthony Epenetos  |
6th March 2012, 10:32 AM |
Disposal of Mayfair Office Building, 10 Haunch of Venison Yard |
 We represented Elemis, leaders in the field of beauty products and spas, on the disposal of their Head Office in Mayfair comprising virtually 5,000sq ft, to nearby occupier, Bonhams. The Lease was held at £125,000 per annum exclusive and a very substantial premium was negotiated, to facilitate Bonhams moving into the building pending the redevelopment of their adjacent Auction House. Agency Disposal | Anthony Lorenz | Andrew Knights | Anthony Epenetos  |
6th March 2012, 10:23 AM |
12 QUEEN ANNE STREET, LONDON W1 |
 We have successfully disposed of the 8 year unexpired lease on some 5,517 sq ft + 2 flats to an unnamed purchaser for consideration of just over £6.5m which was secured by securing the right to acquire the Freehold, facilitating a profitable subsequent disposal of the interest. Tony Lorenz comments that there is a coercion of law whereby Leases held on entire buildings of over 21 years on commencement are sometimes enfranchisable, entitling the Leaseholder to force the Landlord to sell the Freehold at market terms. Agency Disposal | Anthony Lorenz | Andrew Knights | Anthony Epenetos  |
1st February 2012, 04:44 PM |
Westminster Parking Restrictions |
| Anthony Lorenz is not only principal of The Lorenz Consultancy, but also the Chairman of the Mayfair and St James's Residents Society. Westminster were trying to bring in a plan to extend meter parking from 6.30pm until midnight Monday to Saturday and 1pm to 6pm on Sundays. The Resident's Society and business's, many of whom are also members were up in arms. In December the fight was won to force Westminster to go to a judicial review. Their justification for bringing in the plan overlooked the fact that they would make an extra £7.2 million a year, saying that it would reduce congestion. Lorenz says there is no congestion in Mayfair and St James's and that Westminster will cause congestion whereby residents visitors, whether they be children visiting parents or churchgoers or persons visiting restaurants, clubs and bars will be driving round in circles looking for a meter. Just before Christmas, Westminster announced to plan to make 5 miles of single yellow lines into double yellow lines, arguing that 92% of the conversions were already illegal under the highway code - you are not allowed to park within 10 meters of a corner or at a drop curve, it being dangerous. One question is why Westminster have not dealt with these 92% issues over the last 5 years? However, they went ahead and did that or at least are doing it. Suddenly an absolute bombshell. Martin Low of Westminster City Council admits that the lost car parking spaces were assessed by Westminster prior to them embarking on their attempts to charge for car parking, were stated as representing only 1,700 spaces. He now admits in the Evening Standard that somehow Westminster got this wrong and that there were 5 times the amount of spaces being lost, namely 8,400 spaces. So the whole plan with Westminster was promoted on this misconception and all the recipients of their proposals, the due diligence which they say was part of their process, namely assessing how many people objected, was founded on horrendously wrong information. Surely Westminster should admit they have done wrong and scrap the plans. Professional | Anthony Lorenz  |
23rd January 2012, 11:57 AM |
TIMBERMILL WAY, CLAPHAM, LONDON SW1 |
 Liberty Wines, one of the premier distributors of wines to the restaurant industry, approached us in 2009 to handle complex negotiations with their Landlords, the Covent Garden Market Authority, in connection with lease renewals and also had a keen eye on relocating somewhere around the Wandsworth area for their own distribution warehouse and office building. A site, Timbermill Way was identified, being equidistant some 200 metres from either Clapham North tube or Clapham High Street railway station, west of the Safe Store Unit. After extensive negotiations with the owners, we eventually concluded the acquisition of the site for approximately £1.5 million which, when developed, will comprise over 25,000 square feet of office and warehouse space and will provide Liberty Wines with the room to continue to grow and the facilities to support this growth. Agency Acquisition | Anthony Lorenz  |
12th October 2011, 11:09 AM |
22 Tower Street, London WC2 |
 For our client Andrew Lloyd Webber's Really Useful Group, we settled the March 2001 rent review on their headquarters offices comprising some 17,000 sq ft at no increase on the existing rent. Professional | Anthony Lorenz  |
15th August 2011, 10:27 AM |
Gallery just off Mount Street, 13 Carlos Place, London W1 settles review! |
We acted for Hamilton Gallery, one of the worlds leading art specialists in the sale of black and white photography, for many, many years. They had a rent review looming up in September 2011 and with Mount Street rents going from strength to strength, we thought it a good idea to try and agree the rent review early. A 5 year old rent was increased from £185,000 per annum to just under £250,000 per annum to the satisfaction of both Landlord and Tenant, the Landlord being a private family trust. Professional | Anthony Lorenz  |
27th June 2011, 12:21 PM |
HFC Bank, 1700/1740 BIRMINGHAM BUSINESS PARK, SOLIHULL PARKWAY, SOLIHULL, WEST MIDLANDS B37 |
 Acting for HFC Bank portfolio, The Lorenz Consultancy and joint Agent, LONIC, were instructed to dispose of two office buildings 1700 & 1740 Birmingham Business Park comprising 21,227 sq ft. The leases expire in March 2013 at a combined rent of £337,731 per annum. We agreed a surrender with the Landlord at a saving of 30% of total estimated lease end outgoings Agency | Anthony Lorenz | Andrew Knights  |
23rd June 2011, 04:52 PM |
TECHNICOLOR SELLS COVENTRY WAREHOUSE: - Aldermans Industrial Estate, Coventry, CV2 |
 Major corporate occupier, Technicolor, entrusted us with the sale of their Aldermans Park Warehouse comprising some 85,000 sq ft of second hand warehousing on approximately 4 acres of land and after extensive marketing, we located SLAM who concluded the purchase of the property for their own occupation at an agreed price of just under £2.5 million. Agency Disposal | Anthony Lorenz | Andrew Knights  |
22nd June 2011, 12:12 PM |
Loftus Family Property - 22 Baker Street, London, W1 |
Loftus Family Property entrusted us with the negotiation of the December 2010 rent review on this five year old building comprising some 45,000 sq ft let to Fujitsu with a passing rent of £47.00 per sq ft and after extensive negotiation we settled the review at £55.00 per sq ft, given the advantage that the valuation date could easily have been September to December 2011. A successful negotiation indeed. Professional | Anthony Lorenz | Kathryn Sowter  |
3rd June 2011, 05:09 PM |
Units 5 & 6, 7 & 8 St Davids Industrial Estate, St Davis Road, Swansea SA6 |
A major property company, The Tannen Group Ltd have entrusted us with handling a major dilapidations claim on a warehouse let to Comet comprising approximately some 25,000 sq ft in Swansea Enterprise Park. Professional | Anthony Lorenz | Dilaps UK  |
20th May 2011, 05:29 PM |
Dilapidations for AETN |
Our client’s AETN The History Channel are at 6 Sloane Square and through us have instructed Dilaps UK to handle their dilapidations work so as to minimise the Landlords claim. Professional | Anthony Lorenz | Dilaps UK  |
20th May 2011, 05:26 PM |
Shore Capital, Dilapidations Success, Entire 3rd Floor, Mellier House, 26A Albemarle Street, W1 |
 Shore Capital decided to close their overflow office at 3rd Floor, Mellier House and faced a dilapidations claim of £50,000 which was negotiated right down to £8,000 when we suspected that the new Landlord was going for a residential scheme, thus negating their entitlement.
The settlement was negotiated with the Vendor, who was in the course of selling the building, this playing a big part in the negotiations. Professional | Anthony Lorenz  |
18th May 2011, 07:30 AM |
Chinawhite, 4 Winsley Street, London, W1 |
We are delighted to be instructed to act on behalf of Chinawhite on their lease renewal, looming up in September 2012. A long list of clubs that we act for, include Fabric, Sketch, Tramp and others in Central London. Professional | Anthony Lorenz | Kathryn Sowter  |
16th May 2011, 03:33 PM |
Pont de la Tour, Butlers Wharf, Shad Thames, London, SE1 |
On behalf of D&D London, we were instructed to handle the Ponte de la Tour September 2010 rent review, comprising some 8,500sq ft with extensive views over the river. The Landlord’s were quoting an increase of almost 50% above the previous rent reserved and after extensive negotiations an Arbitrator was appointed, and an eventual settlement was achieved at an increase of only 21%. Professional | Anthony Lorenz | Kathryn Sowter  |
13th May 2011, 05:44 PM |
Shore Capital, Dilapidations Success, Entire 3rd Floor, Mellier House, 26A Albemarle Street, W1 |
 Shore Capital decided to close their overflow office at the 3rd Floor, Mellier House and faced a dilapidations claim of £50,000 which was negotiated right down to £8,000 when we suspected that the new Landlord was planning to go ahead with a residential scheme, thus negating their entitlement.The Settlement was negotiated with the Vendor, who was in the course of selling the building, this playing a big part in the negotiations. Professional Anthony Lorenz  |
12th May 2011, 04:22 PM |
4th Floor, Brook House, Shepherds Bush Road, London, W6 |
Two way dilapidations in Shepherds Bush. Technicolor faced a claim from their Landlord of £18,800 on space in which they occupied years ago and sub-let to Intrasphere Technologies Limited. A settlement was agreed with the Landlord that Techniclor would pay £7,500 with Intrasphere Technologies contributing further, which e were pleased with as we turned a loss into a profit. Professional | Anthony Lorenz  |
10th May 2011, 09:49 AM |
Agents need to reconsider their fee agreements |
 My loss in court will make agents more paranoid about fees.... Click Here Professional | Anthony Lorenz  |
6th May 2011, 11:39 AM |
Morley House, 26-30 Holborn Viaduct, London, EC1 |
 Major property company Tannen Group, owners of this 51,290 sq ft building have instructed us to asset manage either renewals of leases or reletting of the entire building or part thereof from expiries in 2012. A major asset management opportunity in a location which is fast improving, being the pivot between the improving midtown and city markets. Professional | Anthony Lorenz | Kathryn Sowter  |
4th May 2011, 05:37 PM |
Yorkshire House, Grosvenor Crescent, London, SW1 |
 Our clients Derwent approached us in May 2010 to unblock a stalemate in negotiations to re-gear the lease held by Sir Robert McApline Limited and also keep their options open to redevelop the 8,500 square feet office building between 2014 and 2016. By activating the December 2009 rent review we got into negotiations with the Tenant’s agents, and eventually agreed a lease, whereby the Tenant stayed on at the same rent, just under £40.00 per sq ft, with Derwent enjoying break clauses in case they want to redevelop or substantially reconstruct, and Sir Robert McAlpine enjoying a beneficial dilapidations settlement, if they leave at the end of the extended lease. Professional | Anthony Lorenz  |
28th April 2011, 11:41 AM |
Scotts Restaurant, 20-22 Mount Street, London W1 |
 After 1½ years of negotiation and extensive arbitration, which took 9 months because of legal issues, we eventually achieved a favourable settlement on Scott’s Restaurant rent review for our clients Frelene. The reserved rent of £310,000 per annum was subject to review and the Tenant was fighting for nominal increase. However, the Lease permitted the premises to be valued either as Retail, Restaurant or a mixture of both. After a full bloodied arbitration a figure of over £430,000 per annum was determined. Professional | Anthony Lorenz | Kathryn Sowter  |
28th April 2011, 09:57 AM |
16 Mount Street, London, W1 |
 After settling the Wunderkind rent review at £250 per sq ft Zone A, our clients Frelene, heard that the occupier was proposing to dispose of the Leasehold interest and had a host of offers. However, they only had a 3¾ year lease unexpired, therefore, the Landlord was in a strong position to take a surrender and grant a new lease. A main fashion retailer, took a new lease at the highest rent ever achieved in Mount Street, £350 per sq ft Zone A, but also paid a substantial premium, part of which accrued the benefit of the Landlord. Professional | Anthony Lorenz  |
20th April 2011, 10:02 AM |
ABERCROMBIE RENT TRIPLES ON RENT REVIEW? 7 Old Burlington Street, London W1 |
 We were delighted to be instructed by the Landlord in connections with the January 2011 rent review on some 11,500 sq ft let to Abercrombie until 2021, with a break in favour of the Landlord in January 2016. The reserved rent was £900,000 per annum and whilst the agreed rent is under a confidentiality clause, it is rumoured to have been settled around £3 million per annum. The transaction involved taking out a break clause where Abercrombie would have had to leave this perhaps busiest destination retail venue in the whole of Mayfair. Professional | Anthony Lorenz  |
18th April 2011, 12:24 PM |
7 Old Burlington Street, London, W1 |
 Burlington Properties instructed us to handle one of the most high profile rent reviews in the West End retail market. We embarked on negotiations with Agents acting on behalf of Abercrombie & Fitch seeking a substantial increase, in what is one of the biggest retail stores in the West End. It highlighted the fact the lease incorporated a Landlords break clause in January 2016. After extensive negotiations we finished up at principle level. Negotiations were settled amicably with the Landlord achieving a satisfactory increase in rent and the break clause being removed. Professional | Anthony Lorenz  |
18th April 2011, 10:06 AM |
Harrow Weald Lodge, 92 Uxbridge Road, London, W12 |
 Elemis approached us to solve an impass that they had with the Landlord on agreeing a 2010 rent review. Since we knew both the Landlord and the Tenant we gave an impartial view with regard to the method of settlement, which suited both parties. The Leisure and Training facility building has on it grounds, 17,000 sq ft of space with extensive car parking facilities. Professional | Anthony Lorenz  |
8th April 2011, 10:11 AM |
The Gherkin, 30 St Mary Axe, London, EC3 |
 Anthony Lorenz was delighted to be instructed on behalf of Super Derivatives in respect of their March 2011 rent review of their offices on 33rd Floor of The Gherkin. Super Derivatives are a leading derivatives solution provider and The Lorenz Consultancy aim to assist the company in their continued success by minimising the rent payable on review. Professional | Anthony Lorenz | Kathryn Sowter | Kimi Gordon  |
9th March 2011, 10:59 AM |
Ronnie Scotts, 2nd & 3rd Floors, 46-47 Frith Street, London, W1 |
 And All That Jazz – Ronnie Scott’s have been a long standing client of The Lorenz Consultancy and faced a rent review on their 2nd and 3rd floor offices “above the shop”. The Landlord quoted £82,500 per annum for the two floors, comprising just over 2,100 sq ft and eventually a compromise was reached at £62,000 per annum against a reserved rent of £60,000 per annum, saving our clients over £20,000 per annum. Professional | Anthony Lorenz | Kimi Gordon  |
1st March 2011, 05:44 PM |
Clearwater House, 4-7 Manchester Street, London, W1 |
 The Lorenz Consultancy was instructed by Latitude Investments to review and determine whether to approve/grant a license for alterations and to approach the Superior Landlord requesting a license to sub-let which included change of use from A1 offices to A2 use. To a demand from the Landlord for consideration to change the use and approve the substantive alterations for the proposed Tenant Foxtons to take occupation. Negotiations were entertained whereby the demand was reduced and the costs split between Latitude Investments and Foxtons. All’s well that ends well and we wish Foxtons every success in their business from this new site. Professional | Anthony Lorenz  |
17th February 2011, 10:45 AM |
Hines Europe LLC, Ground Floor, Queensberry House, Old Burlington Street, London, W1 |
 Developer Hines occupied 14,000 sq ft on the 1st floor of the building and having gone through a very successful Arbitration in December 2008, appointed The Lorenz Consultancy to handle its small ground floor office just off the reception area. The Landlord quoted over £100 per sq ft for the space but this was quickly knocked into shape with a settlement being achieved at circa £72.50 per sq ft. Professional | Anthony Lorenz  |
31st January 2011, 05:40 PM |
Manhattan Loft, 12 Queen Anne Street, London, W1 |
 A House so Called – The Lorenz Consultancy took instructions from Manhattan Loft to look as whether they could “enfranchise” their long leasehold holding at 12 Queen Anne Street and introduced their usual legal team to their clients. A notice was served on the owners who admitted the entitlement to the claim and negotiations will now be pursued. Professional | Anthony Lorenz  |
11th January 2011, 04:34 PM |
Pearl & Coutts, 22 Grosvenor Gardens, London, SW1 |
 Pearl and Coutts and their joint venture partner entrusted us to act on their behalf on a Landlord’s January 2010 rent review on an office building let to Alpha Plus Group Limited in the heart of Victoria. This was a tricky one where there were not many comparables on which to rely, but after extensive negotiations the rent was increased from just over £155,000 per annum to just over £171,000 per annum – approximately £31.00 per sq ft. Professional | Anthony Lorenz and Kathryn Sowter  |
23rd December 2010, 04:25 PM |
APTN, The Interchange, 32 Oval Road, Camden Lock, London, NW1 |
 A Newsworthy Review – Long standing clients Associated Press and Television News occupy some 65,000 sq ft of offices at The Interchange just off Oval Road in Camden. The rent review was due in December 2011 but Anthony Lorenz saw fit to get into early negotiation with the Landlord to see if he could avoid what looked like a possible rising market. The reserved rent is £31.00 per sq ft and there is a real risk of rents going through the roof between December 2010 and December 2011. So in November he went to visit his clients in the States and got early instructions to act on their behalf which resulted in the settlement being negotiated at an increase of less than £1.00 per sq ft. Perhaps the rent was marginally above the market rent in December 2010 but potentially well below that which would have been agreed in December 2011. Less than 3% increase over the last five years does not seem so bad says Lorenz. Professional | Anthony Lorenz  |
22nd December 2010, 04:24 PM |
Really Useful Theatres Ltd, Her Majesty’s Theatre, Haymarket, London, SW1 |
 The Lorenz Consultancy on Stage – We even get involved in the theatre market, where we act for Andrew Lloyd Webber’s Really Useful Group. Her Majesty’s Theatre offering some 1,161 seats, some of which are lost for bigger stage productions, was due in August 2010 and the Landlord’s quoted £395,000 per annum against the reserved rent of £275,000. The settlement was achieved closer to the reserved rent than the quoting rent but is maintained as being confidential. Professional | Anthony Lorenz  |
20th December 2010, 03:40 PM |
Bonhams, 2 & 4 Relay Road, London, W12 |
 Bonhams usually “knock down” an auction item but they chose The Lorenz Consultancy to knock down their Landlords dilapidations claim on two warehouses they occupied at 2 and 4 Relay Road respectively. After a quote of almost £500,000, they eventually exited, paying approximately £220,000 – a fair settlement indeed. Professional | Anthony Lorenz  |
20th December 2010, 03:33 PM |
Unit D, Poplar Park, Avonmouth, Bristol, BS11 |
 Elemis Ltd, major players in the spa and products industry and another longstanding client of The Lorenz Consultancy instructed us to relocate their UK headquarters from Bridgewater to Bristol. The urgency of the requirement meant that we could not explore the design and build route, however after a short period we located Poplar Park, a new development by Terramond where subject to further development to increase the office content we successfully acquired Unit D comprising some 53,878 sq ft on a 15 year term at a rent of £6.50 per sq ft with an extensive rent free period. Agency Acquisition | Anthony Lorenz | Andrew Knights  |
10th December 2010, 09:30 AM |
Sakura, 9 Hanover Street, London, W1 |
 The end of an era – Anthony Lorenz worked at 9 Hanover Street in the early 70’s when he established Baker Lorenz at those offices. The ground floor came vacant and a Japanese client of his, Sakura then acquired what became one of the most successful Japanese restaurants in London. Unfortunately all good things come to an end and in approximately March 2010 the lease expired. The Landlord refused a renewal for redevelopment, although the Tenant had rights to renew. Complex negotiations were entertained whereby Lorenz insisted on the Landlord granting a renewal subject to a redevelopment clause which could have scuppered the plans of the Landlord to gain vacant possession on time. The Landlord gave additional compensation to the Tenant to get vacant possession and Sakura relocated to 23 Conduit Street where they continue to enjoy an incredibly successful operation. So now Lorenz has to walk further to this favourite lunchtime diner. Professional | Anthony Lorenz  |
6th December 2010, 03:30 PM |
L&R Mortali Ltd, 388-389 Strand & 38 Southampton Street, London, WC2 |
 A Trip Down the Strand – Anthony Lorenz has acted for many Italian restaurateurs over the years and there is no coincidence when the proprietor of Paradiso E Inferno came to us to handle this complex Lease Renewal, where his two leases, held at approximately £150,000 per annum had expired in March 2009. Whilst the Tenant was entitled to a 15 year lease, the Landlord wanted to keep open his long term strategic options to redevelop or substantially reconstruct and accordingly the renewal was handled virtually without increase. Professional | Kathryn Sowter  |
3rd December 2010, 04:41 PM |
“Where is the Schedule of Condition?” |
| At lease-end this is a common heard cry from both tenants and their dilapidation specialists. At commencement of the lease, tenants have a clear intention to limit their repair exposure (often as a result of bitter experience) by recording the prior degradation of the premises in a Schedule of Condition. It sounds easy but there are many pitfalls and our experience is that less than 10% of such schedules provide any real reduction in the tenant’s full repairing liabilities. Common errors include; • Lease referring to a schedule but no schedule ever having been carried out or the document is lost or never appended to the lease. • Poor quality of reproduction of photographs that have been copied in black/white and are excessively dark. • Limited or no annotation of photographs and poor crossreferencing. • Repairing clause limited by way of the schedule but no reference within the decoration covenant, which remains fully applicable. • Defects recorded in the Schedule of Condition that should have more properly been dealt with as part of the leasehold acquisition “deal”, such as a leaking roof. Unlike a terminal schedule of dilapidations, there is no prescribed format, however at the lease-end the tenant will be best protected by a thorough written schedule which is supported by photographs but not dependent upon them. Such a schedule should be properly appended to the lease and engrossed with the lease package. The tenant should expect an expert Schedule of Condition to cost 70% of the price of a terminal schedule. This will be money well spent in terms of the savings it will provide. Anthony Lorenz | Dilapidations  |
1st December 2010, 11:32 AM |
Kubota, Plot 5, Dormer Road, Thame |
 Tony Lorenz acquired a 25,000 sq ft building opposite Kubota’s 150,000 sq ft HQ approximately 5 years ago and the first rent review came round where the Landlord asked for £145,000 per annum exclusive. The rent review was settled at the reserved rent of £125,000 per annum so Kubota, one of the largest tractor manufacturers in the world, suffered no increase. Professional | Anthony Lorenz  |
24th November 2010, 03:27 PM |
Why are more Landlords opting to carry-out the works? |
 Our experience is that an increasing number of Landlords are opting to carry-out the repair works at lease-end in order to prove their losses. The reasons for this are many... • Tenants are better informed and unlikely to agree a financial settlement which would historically allow the Landlord to carry-out their preferred refurbishment scheme. • There has been a significant shift of power from Landlords to Tenants as a result of the Civil Procedure Rules, The Protocol and RICS Guidance Note. • If the Landlord does not carry out the work they may have to prove their loss by way of a Section 18 (1) valuation, which will provide a cap to the general repairs. Known as the ‘Statutory Cap’. • In an unfavourable market Landlords generally find it very difficult to let the premises in an unrepaired condition. • Carrying-out the work proves to the Court that the Landlord has tried to mitigate his loss and where a Tenant is waiting for the premises, maintains a claim for loss of rent/rates. Are there any risks for the Landlord with this strategy? • The main risk is supercession; as inevitably the Landlord will need to carryout certain improvements, but it’s better for the Landlord to come-clean with these and honesty here will support the overall recoverability. • The drafting and management of the repair works needs to be meticulously documented to clearly cross-relate the repairs to the terminal schedule and allow the Tenant’s representative adequate time to inspect concealed or unidentified defects before carrying out. • Tenant cannot meet cost of works or delays payment requiring legal proceedings to recover monies. This can be mitigated by checking the Tenant’s credit rating and ensuring that the Landlord has adequate funding to cover the cost of the building works. In summary, Landlords should take expert advice from a dilapidations specialist and give serious consideration to instructing the repair works as soon after lease-end as possible. This strategy will greatly counter the threat of both Statutory and Common Law caps limiting the claim. Furthermore an open and honest approach towards supercession will clearly demonstrate Landlord’s intentions and be favourably considered in event of Court proceedings being required. Anthony Lorenz | Dilapidations  |
24th November 2010, 11:28 AM |
New Client Update... |
| Dilaps UK are pround to announce that the following new clients have been recruited: • Johnson Cleaners • Telereal Trillium • AllSaints • LK Bennett • Timpson • Spudulike • King of Shaves • Amey • Bonhams Anthony Lorenz | Dilapidations  |
17th November 2010, 11:27 AM |
William Hill, 53-55 Charing Cross Road, London, WC2 |
| Having handled approximately 15 shops in Newport Court on rent reviews and lease renewals on behalf of Rosewheel Ltd, we then embarked on the March 2010 lease expiry of William Hills unit where they occupied originally the ground floor and basement. We renewed the ground floor with the travel agency Tenant separately and then negotiated a renewal with William Hill of their basement which was eventually settled at £38.00 per sq ft which they state is the highest rent in their basement rent portfolio. It is meant to be their most successful shop on the borders of Chinatown. Professional | Anthony Lorenz  |
16th November 2010, 03:10 PM |
Further reduction in average lease length to Five years or under... |
| The BPF/IPD Annual lease review revealed that the proportion of leases of five years or less has increased to 72%, the highest level ever. Just 10% of leases are for 10 years or more. The retail sector showed the largest decline in lease length. The implications for dilapidations services is to increase the frequency of this specialist service and will promote repeat business. Anthony Lorenz | Dilapidations  |
10th November 2010, 11:22 AM |
Difficult market set to continue...improvements in London and a greater North/South divide! |
 The central London market is improving but mainly as a result of overseas cash from sovereign funds. The stabilisation of the property market in the rest of the UK will be affected by the public sector jobcuts (estimated at 600,000) and the reliance of regions such as, Wales, North East and North West on a growing public sector*. Whilst these economic factors are regrettable it does suggest that the increasing need for lease-end specialists to drive valuable settlements is to continue to grow in both the public and private sector for the foreseeable future. We are already seeing a dramatic increase in enquiries from both the public and private sector which we expect to continue over the next 2 to 3 years. *CEBR Anthony Lorenz | Dilapidations  |
5th November 2010, 10:59 AM |
6th Floor, 8-9 Berkeley Street, London, W1 |
 Consolidated Property Group intructed us to handle the negotiations on the March 2009 rent review on some 1,289 sq ft let to Thistle Energy Ltd. After extensive negotiations a settlement was agreed equating to £54.30 per sq ft. Professional | Anthony Lorenz | Kathryn Sowter  |
30th October 2010, 01:00 PM |
3rd Floor, 19-20 Berners Street, London, W1 |
 The Lorenz Consultancy was instructed on behalf of Latitude Investments Ltd to negotiate the dilapidations settlement with the vacating Tenant. Professional | Anthony Lorenz  |
19th October 2010, 03:10 PM |
16 Great Marlborough Street, London, W1 |
 The Lorenz Consultancy was appointed on behalf of Lazari Investments to negotiate the October 2009 rent review on some 93,000 sq ft. Despite the difficult valuation date, an increase of approximately £1.00 per sq ft was achieved without recourse to Arbitration. Professional | Anthony Lorenz  |
8th October 2010, 03:16 PM |
35 Park Lane, London, W1 |
 The Lorenz Consultancy was instructed on behalf of Consensus Business Group to sub-let surplus office space within the building. We successfully let the ground and lower ground floors comprising some 7,090 sq ft to Europe Arab Bank. Agency Disposal | Anthony Lorenz   |
29th September 2010, 03:25 PM |
Sakura Restaurant, 9 Hanover Street London, W1 |
 Tony Lorenz acquired this restaurant for Sakura way back in 1974 and ever since he has handled rent review negotiations. The Landlords have progressed with their intention of redeveloping but their timing was out of sync with the lease expiry and accordingly Sakura fought for a new lease. After doing battle on all fronts, including substantive legal arguments, a compromise was negotiated to take a five year lease from March 2009 at a reduced rent subject to a Landlord opportunity to break and a substantial capital sum being paid to Sakura over and above statutory compensation if as and when the Landlords redevelop. Professional | Anthony Lorenz  |
28th September 2010, 03:57 PM |
3-5 Norwich Street, London, EC4 |
 The Landlord, Frelene Ltd instructed The Lorenz Consultancy to handle the negotiations in respect of the Tenant, MacFarlane’s premises, whereby a lease extension was eventually agreed to January 2018 on some 22,870 sq ft, together with an increase in the rent payable. Professional | Anthony Lorenz  |
24th August 2010, 03:43 PM |
58-60 George Street, London, W1 |
| Loftus Family Property instructed us to undertake the June 2008 rent review on Daniel Galvin’s flagship retail premises. The Tenant offered no increase and at Arbitration an uplift of £20,000 per annum was secured. Professional | Anthony Lorenz  |
14th July 2010, 03:53 PM |
125 Mount Street, London, W1 |
 Aaron Gallery instructed us to act on their behalf in connection with a rent review against the Grosvenor Estate, where there was a 30% reduction from the quoting rent. Subsequently Aaron disposed of the property after which we resold it back to the Grosvenor Estate. Professional | Anthony Lorenz  |
20th June 2010, 05:30 PM |
115 & 112 Mount Street, London, W1 |
 The Lorenz Consultancy acted for Stephen Carey and after extensive negotiations the Landlords paid the hairdressers a considerable premium to surrender. We had negotiated the rent review of Aaron Gallery on 125 Mount Street who had agreed to assign to a client of The Lorenz Consultancy. He wanted to take a lease on the Stephen Carey premises and we re-sold the leasehold interest on the Aaron Gallery back to The Grosvenor Estate, facilitating surrender from Stephen Carey to the Landlord of 110 Mount Street, linked with a letting to the previous purchaser of the Aaron Gallery. A complex deal indeed. Professional | Anthony Lorenz  |
29th May 2010, 10:34 AM |
125 Mount Street, London, W1 |
 Baba June Ltd instructed The Lorenz Consultancy to act on their behalf in connection with disposing of their leasehold interest. We successfully sold the leasehold interest back to the Grosvenor Estate, simultaneously acquiring 112 Mount Street subsequently affording the Grosvenor to be able enter into a back-to-back letting to the fashion retailer Loewe. Professional | Agency | Anthony Lorenz  |
25th May 2010, 04:08 PM |
5th Floor, 8-9 Berkeley Street, London, W1 |
 Consolidated Property Group instructed us to handle the November 2009 rent review on some 1,278 sq ft let to PESGB Ltd. After extensive negotiations a settlement equating to £54.77 per sq ft was agreed. Professional | Anthony Lorenz | Kathryn Sowter  |
7th May 2010, 01:07 PM |
Unit C, Swift Point, Cosford Lane, Rugby, CV21 |
 Technicolor instructed The Lorenz Consultancy to act on their behalf throughout the whole UK portfolio which urgently needed a 100,000 sq ft warehouse in the Midlands. We located the Swift Point premises comprising sum 122,143 sq ft adjacent to an existing unit that they already had. A 9 year lease was acquired held at a rent of £4.25 per sq ft – virtually £2.00 below the passing rent subject to upward rent review in December 2014 but with a Tenant only option to determine either side of the review date. An initial 8 month rent free period was granted and a further 6 month rent free period if neither break option is exercised. Agency Acquisition | Anthony Lorenz | Andrew Knights  |
27th April 2010, 01:16 PM |
53/55 Charing Cross Road, London, WC2 |
| Anthony Lorenz acted on behalf of Rosewheel on the lease expiry of this retail unit, let to William Hill and underlet to Omega Travel. A new 5 year lease was negotiated with Omega Travel at an increased rent of £62,500 per annum subject to 6 monthly Landlord break options and a Tenant’s option to determine at the expiry of the 3rd year. Simultaneously a rent of £50,000 per annum was agreed with William Hill in respect of the basement on identical terms. Agency Disposal / Acquisition | Professional | Anthony Lorenz  |
19th April 2010, 04:19 PM |
12 Curzon Street London, W1 |
 DB Consultants lease expired and the Landlords claimed a substantial end of term Dilapidations schedule. After extensive negotiation this was reduced by 1/3rd – another happy client. Professional | Anthony Lorenz  |
29th March 2010, 10:27 AM |
5th Floor, 7 Clifford Street, London, W1 |
 Financial Advisory Company, Oechsle have been a client for many years and faced a lease expiry in December 2008, expecting to pay rent of over £100 per sq ft. After extensive negotiations on a renewal which benefited from delay, they ended up renewing their lease on some 2,600 sq ft of quality offices at a rent of £62.50 per sq ft, maintaining the existing rent for the first year of the term. Professional | Anthony Lorenz  |
28th March 2010, 03:34 PM |
Camden House, The Parade, Birmingham |
 HFC Bank Ltd instructed The Lorenz Consultancy in connection with negotiating dilapidations with Barclays where the lease expired on March quarter day 2010. HFC Bank was the Landlord. In March 2010 we successfully agreed a settlement figure that Barclays would pay £274,000 to HFC Bank. The accommodation comprised 83,003 sq ft. Professional | Anthony Lorenz  |
9th March 2010, 04:33 PM |
77a Charterhouse Street, London, EC1 |
 Fabric London called in The Lorenz Consultancy when they had a massive impasse with their Landlord who wanted £525,000 per annum on the rent review from a reserved rent of £250,000 per annum. Eventually after substantial negotiation and with a Court hearing looming, both parties were satisfied with the settlement at just under £350,000 per annum. Professional | Anthony Lorenz  |
5th March 2010, 02:57 PM |
Sovereign House, Park Royal, London, NW10 |
 Bonhams, the famous auctioneers and an old client of Tony Lorenz, occupied 2 warehouse buildings in White City which were found unsuitable for their operation. They instructed The Lorenz Consultancy to handle the dilapidations claim against the Landlord where demands were halved. After an extensive search we acquired a 40,000 sq ft warehouse on their behalf for £3.82 million with an original quoting price of £4.75 million. Agency Acquisition | Anthony Lorenz  |
28th February 2010, 03:33 PM |
9-11 Broadwick Street, London,W1 |
 The Moving Picture Company instructed us to investigate a high service charge claim. After entering into negotiations with the Landlord’s managing Agents, the claim was reduced by approximately 50%. Professional | Anthony Lorenz  |
18th February 2010, 09:22 AM |
Part 1st Floor, Grove Chambers, Wilmslow, SK9 |
| Penna Plc appointed The Lorenz Consultancy to renegotiate their lease at Grove Chambers, the demise comprising 4,198 sq ft. Negotiations led to Penna taking a new 5 year lease with a Tenant-only option to break at the expiry of the 3rd year subject to a reduction of the overall rent and a 12 month rent free period. Professional | Anthony Lorenz  |
16th February 2010, 04:33 PM |
127 Wardour Street, London, W1 |
 On behalf of the Moving Picture Company we negotiated this June 2009 rent review on premises comprising approximately 23,000 sq ft, achieving a saving of £300,000 per annum. As part of the rent review, we restructured the lease to extend the term for a period to coincide with MPC’s expiry on neighbouring premises and achieved a significant rent-free period in consideration thereof. Professional | Anthony Lorenz  |
10th February 2010, 09:25 AM |
Building 12, Chiswick Park, London, W4 |
 Acting for our clients, Technicolor, we advised that the Landlord’s investment was jeopardised by the fact that the lease on this building comprising some 80,000 sq ft, due to expire in March 2018 was subject to a Tenants break clause in March 2014. An approach was made to the Landlords and a rent free period of over nine months was negotiated as a quid pro quo towards deleting the break clause and extending the lease until March 2020 subject to upward rent reviews in 2014 and 2018. A win-win situation for Landlord and Tenant alike. Professional | Anthony Lorenz  |
5th January 2010, 03:00 PM |
5 Fleet Place, London, EC4 |
 Anthony Lorenz acted on behalf of Penna in connection with their acquisition of the 2nd and 3rd floors at 5 Fleet Place comprising some 28,000 sq ft, agreeing a favourable rent of £32.50 per sq ft and flexible lease terms in accordance with the client’s occupational strategy. Agency Acquisition | Anthony Lorenz  |
16th December 2009, 02:57 PM |
Lynton House, 7-12 Tavistock Square, London, WC1 |
 BSG Valentine are the accountants of The Lorenz Consultancy and in April 2007 we were instructed to handle their lease renewal from October 2009. They occupy some 8,600 sq ft of un-modernised offices on the 1st floor. The Landlords were in the process of an extensive refurbishment of the whole building with the exception of the 1st floor where the Tenant had renewal rights, and BSG Valentine preferred to move into the refurbished lower ground floor comprising some 9,000 sq ft so the acquisition of the new space was linked to the surrender of the existing – the Landlord giving substantial inducements for the benefit of being able to take back the 1st floor to refurbish it. Professional | Anthony Lorenz  |
28th October 2009, 03:35 PM |
Shortlands, Hammersmith, London, W6 |
 Having acted for Shortland Investments for many years on this 150,000 sq ft building close to Hammersmith Broadway, we negotiated a complex renewal after the Tenant had broken their leases on the 2nd and 3rd floors comprising some 40,000 sq ft at an overall rent of £39.00 per sq ft – a penal rate to facilitate the Tenant’s demands for break clauses. The Landlord benefited in terms of rent and the Tenant in terms of flexibility. Professional | Anthony Lorenz  |
28th October 2009, 03:27 PM |
Former Mercedes Benz Unit, Blackburn Road, West Hampstead, London, NW6 |
 Loftus Family Property is a lifelong Client of The Lorenz Consultancy and instructed us jointly with Lambert Smith Hampton to dispose of a warehouse comprising approximately 25,000 sq ft, previously occupied by Mercedes Benz. We successfully let 10,000 sq ft to Spire Automotive Ltd to expire in October 2012 with 6 monthly mutual rolling breaks after 18 months at a rent of £11.00 per sq ft. Agency Disposal | Andrew Knights | Anthony Lorenz  |
1st October 2009, 12:19 PM |
Wellington House, 20 Queensmere, Slough, SL1 |
 Major client, Penna, concluded a corporate acquisition of an advertising agency, Barkers, who held a variety of leases within the portfolio – some offices had to be closed and others renewed. In this instance, the lease held on some 5,000 sq ft at a rent of £120,000 per annum was due to expire September 2011. A 3 year lease renewal was negotiated from September 2009 at half the rent which justified the affordability of the Tenant maintaining the premises. Professional | Anthony Lorenz  |
28th September 2009, 03:39 PM |
1 Whittington Avenue, London, EC3 |
 We were jointly instructed with Hexell Wylie Chartered Surveyors to acquire alternative office space for the insurance brokerage RK Harrison Group Ltd and after viewing multiple properties we successfully acquired 44,057 sq ft at 1 Whittington Avenue at a rent of £37.50 per sq ft on a 10 year lease with a 30 month rent free period. Agency Acquisition | Andrew Knights | Anthony Lorenz  |
4th September 2009, 12:17 PM |
The Gateway Centre, Butchers Road, Canning Town, E16 |
| UK2 needed a Data Centre and identified an existing unit being disposed of by Virgin Media in Butchers Road comprising some 16,300 sq ft. We acquired the unit at a rent of just under £140,000 per annum subject to a rent-free period of 27 months. Agency Acquisition | Anthony Lorenz  |
14th August 2009, 03:03 PM |
Penthouse Floor, 23 Savile Row, London, W1 |
 Perhaps the highest profile letting in Mayfair was our acquisition of the top floor of 23 Savile Row for Fox Davis Capital introduced by Jendens Securities Ltd who were in the course of acquiring them. We secured an acquisition of some 8,869 sq ft at a rent of £93.00 per sq ft on a 10 year lease subject to a rent free period, after which Fox Davis Capital found the premises in excess of their requirements and disposed of the accommodation to the under bidder. Agency Acquisition | Anthony Lorenz | Andrew Knights  |
10th August 2009, 12:35 PM |
24/26 Baker Street and 4 Kendall Place, London, W1 |
| Anthony Lorenz acted on behalf of his long-standing client, Loftus Family Property, in respect of the rent review of the Royal China Restaurant comprising some 7,013 sq ft over ground and basement floors. The matter proceeded to Arbitration, where an uplift of £28,500 per annum was awarded. Professional | Anthony Lorenz  |
7th July 2009, 03:21 PM |
33 Lombard Street, London, EC3 |
 Acting for Bowood Partners Insurance Brokers, we successfully extended their lease which was to expire in June 2009, outside the Landlord & Tenant Act, for a term of up to 1 year on some 10,000 sq ft, subject to the Tenant having no end term dilapidations liability. The deal was struck to enable Bowood and their parent, RK Harrison, to relocate after the lease expiry. BH2 acted for the Landlords. Hexell Wylie acted jointly for Bowood with The Lorenz Consultancy. Professional | Anthony Lorenz  |
4th June 2009, 02:55 PM |
50 Lisson Street, London, NW1 |
 Tony Lorenz was introduced to UBC Media Group when they had already exercised a break clause on their head quarters building comprising some 7,500 sq ft at a rent of just over £100,000 per annum. After extensive negotiations the Landlords gave them 1.25 years rent free period to renew. Professional | Anthony Lorenz  |
28th May 2009, 03:54 PM |
25 Park Lane, First Floor, London, W1 |
 Hedge Fund, Pamplona, appointed us in January 2009 to advise on their existing lease which expired in 2014 with break clauses in May 2011/12 - the premises comprising 4,900 sq ft which were substantially over rented. An approach was made to the Landlord; the Tenant would be prepared to take out the break clauses in return for a reduced rent to just over £400,000 per annum which suited the Landlords investment and simultaneously facilitated even more affordable accommodation for the Tenant. Another example of how Tenants with break clauses can take advantage of them. Professional | Anthony Lorenz  |
28th April 2009, 03:50 PM |
49 Marylebone High Street, London, W1 |
 London Medical has been a client for many years. They occupied the ground and first floors of 49 Marylebone High Street and needed more space to expand the business. The Landlord insisted on a 1 day deal in view of the fact that the 1st floor was already under offer to another party which resulted in an acquisition of some 11,500 sq ft on a long term lease, negotiated and completed in 24 hours. Professional | Anthony Lorenz  |
28th March 2009, 03:32 PM |
66 Jermyn Street, London, W1 |
| The Lorenz Consultancy acted on behalf of the retailer, Emma Willis, in connection with the lease renewal of her premises on Jermyn Street. A significant saving was achieved from the Landlord’s quote and the terms of the lease restructured to suit both the Tenant and the Landlord’s redevelopment aspirations. Professional | Anthony Lorenz  |
25th March 2009, 03:31 PM |
Prince Consort House, Albert Embankment, London, SE1 |
 Tony Lorenz has acted for Mentzendorff for over 20 years and once again was appointed to handle their lease renewal against the Landlords, Freshwater. After extensive negotiations the old rent was reduced by 27% with a 1 year rent free period as a quid pro quo towards renewing the lease. Professional | Anthony Lorenz  |
11th March 2009, 02:53 PM |
40 Bowling Green Lane, London, EC1 |
 10 years ago, The Lorenz Consultancy acted for the Landlords on 40 Bowling Green Lane which was a substantive Arbitration. The Tenant must have been impressed when Finsbury Business Centre decided to get the previous opponent to act on their behalf against the Landlord. Finsbury Business Centre occupies some 20,000 sq ft and is now a long established client of the firm. After receiving a quoting rent of £450,000 per annum on the March 2008 rent review, settlement was negotiated at £290,000 per annum – a small increase from the reserved rent. Professional | Anthony Lorenz  |
26th January 2009, 02:50 PM |
20 Upper Grosvenor Street, London, W1 |
 Bursha Holdings instructed The Lorenz Consultancy to handle their December 2008 lease renewal negotiations with their Tenants, an estate agency occupying the basement and 1st floors. Professional | Anthony Lorenz  |
14th January 2009, 02:57 PM |
25 Savile Row, London, W1 |
 Anthony Lorenz has acted for Bank Hapoalim since they first came to the UK. We were appointed to act for the bank in respect of the rent review in September 2008 on the part 1st and 2nd floors at 25 Savile Row, comprising approximately 9,500 sq ft. A negotiated settlement was agreed reflecting a reduction of 16% from the Landlord’s proposal. Professional | Anthony Lorenz  |
8th January 2009, 02:36 PM |
Ground Floor & Basement, 47-51 Bryanston Street & 1-3 Cumberland Court, London, W1 |
 We were instructed to act on behalf of Corvan Properties Ltd, the owners of a head leasehold interest to increase rent reviews of Spaghetti House and a retail unit respectively. Successful results were negotiated. Professional | Anthony Lorenz  |
18th December 2008, 05:14 PM |
Unit 18 & 26, Woodside Estate, Dunstable |
 The Fielding Group, suppliers to Marks & Spencer, occupied two units on the Woodside Industrial Estate and instructed The Lorenz Consultancy to handle rent review negotiations effective June 2008 and September 2008 on some 90,000 sq ft respectively. Negotiations were settled at under £500,000 per annum against an initial quote of £520,000 per annum, a successful result indeed. Professional | Anthony Lorenz  |
27th November 2008, 05:43 PM |
2nd Floor, 1-4 South Molton Street, London, W1 |
 Established clients of the firm, Fabien Pictet & Partners faced a rent review against the Landlords effective April 2008 on some 3,000 sq ft where a reduction gained on a negotiated settlement. Professional | Anthony Lorenz  |
6th November 2008, 05:51 PM |
34 Brook Street, London, W1 |
 Fabien Pictet & Partners Ltd instructed The Lorenz Consultancy to act on their behalf to handle the rent review on some 2,775 sq ft on the 2nd floor. After receiving a quote from the Landlord of over £225,000 per annum, a settlement was agreed at £208,000 per annum until the lease expiry in 2013. Professional | Anthony Lorenz  |
6th November 2008, 03:03 PM |
47 Frith Street, London, W1 |
 Ronnie Scott’s, chose The Lorenz Consultancy to fight its Landlord, Soho Estates, on a complex rent review where not only was the settlement negotiated at a discount of 16% from the Landlords quoting rent, but the lease was extended by 5 years giving the club the increased asset value which is so valuable to it. Professional | Anthony Lorenz  |
28th October 2008, 02:54 PM |
161-162 New Bond Street, and 47 Conduit Street, London, W1 |
 Lalique were recommended to us to handle the disposal of their leasehold interest on their prime New Bond Street shop and to locate and acquire alternative premises. After extensive negotiations, we surrendered the lease back to the Landlord held for only 4 years at a rent of virtually £500,000 per annum for a premium of circa £1,000,000, which helped to fund the simultaneous acquisition of their new Headquarters building on Conduit Street, comprising a retail unit with offices above. Agency Disposal / Acquisition | Andrew Knights | Anthony Lorenz  |
27th October 2008, 01:02 PM |
Burger King, Unit 4, The Terraces, Madeira Drive, Brighton |
| Brighton Seafront Regeneration instructed us to handle the lease renewal negotiations of Burger King by GML whereby after extensive negotiations a rent of £80,000 per annum was agreed. Professional | Anthony Lorenz  |
16th October 2008, 01:51 PM |
Burger King, Unit 4, The Terraces, Madeira Drive, Brighton |
 Brighton Seafront Regeneration instructed us to handle the lease renewal negotiations of Burger King by GML whereby after extensive negotiations a rent of £80,000 per annum was agreed. Professional | Anthony Lorenz  |
16th October 2008, 01:16 PM |
164 Victoria Street, London, SW1 |
 Palace Views held a license on ground floor retail premises which was renewed after negotiations for a further 2 years at a 10% rent reduction from the Landlords initial quoting rent. Professional | Anthony Lorenz  |
15th October 2008, 10:56 AM |
6 Haunch of Venison Yard, London, W1 |
| The famous modern art gallery, Haunch of Venison, where issued with a redevelopment notice from their Landlord. By fighting their corner, The Lorenz Consultancy litigated with the Landlord to show a way in which the Landlord could carry on the scheme with the Tenant remaining in occupation. Eventually a compromise was reached which was mutually advantageous whereby the Tenant vacated, the Landlord carried out his redevelopment and then pre-let the building to Haunch of Venison, now owned by Christies – a successful result all round. Professional | Anthony Lorenz  |
14th October 2008, 02:46 PM |
1st Floor, India House, Curlew Street, London, SE1 |
 STB Systems faced a rent review against their Landlords quoting approximately £240,000 per annum on some 6,400 sq ft eventually reduced to £190,000 per annum representing £30.00 per sq ft. Professional | Anthony Lorenz  |
14th October 2008, 11:06 AM |
4th Floor, 1 Knightsbridge London, SW1 |
 Manro Hayden, occupied some 6,370 sq ft at a rent of £275,000 per annum expiring March 2014 and was subject to an upward rent review and break clause in March 2009. They had a potential dilapidations liability of almost £300,000 which was reduced in negotiations with the Landlords to give Manro Hayden a flexible determination date, whereby they would pay the sum of £50,000 to vacate. They subsequently acquired headquarters in Manchester Square. Professional | Anthony Lorenz  |
28th September 2008, 04:00 PM |
7 Hertford Street, London, W1 |
 The Lorenz Consultancy were instructed by Chime Communications to act for their subsidiary, TTA Group, a leading property marketing and communications agency, on their 5,800 sq ft head office rent review. An interesting aspect to this transaction is that The Lorenz Consultancy acted for the Landlord 10 years ago, whereas the Landlords' Agent at that time represented the Tenant. The roles were reversed and a mutually agreeable settlement was reached without recourse to Arbitration. Professional | Anthony Lorenz  |
29th August 2008, 02:56 PM |
Fitzroy House, 11 Chenies Street, London, WC1 |
 PHQ Ltd instructed The Lorenz Consultancy to handle 3 rent reviews within the building effective approximately March 2008. The base rent was increased from £34.00 per sq ft to £35.00 per sq ft and settled by negotiation with all 3 parties. Professional | Anthony Lorenz  |
28th August 2008, 03:02 PM |
Berger House, Berkeley Square, London, W1 |
 WPP instructed The Lorenz Consultancy to handle the rent reviews in March 2008 on some 13,000 sq ft and after receiving a quoting rent of over £60.00 per sq ft. The settlements were negotiated at circa £45.00 per sq ft without the need to revert to arbitration. Professional | Anthony Lorenz | Kathryn Sowter  |
26th August 2008, 03:00 PM |
Part 4th Floor, Manor House, 21 Soho Square, London, W1 |
 Really Useful instructed us to act on their behalf as intermediate Landlord against one of their sub-Tenants Vox Generation who occupy some 2,700 sq ft on the 4th floor of the building, eventually settled at just over £40 per sq ft. Agency Disposal | Anthony Lorenz  |
19th August 2008, 04:30 PM |
Unit 2, 1 Brewery Road, London, N7 |
 Anthony Lorenz has acted for the owners of Unit 2 Brewery Road for many years. The lease to BSS Group expired after 35 years in 2008 and a new 10 year lease was granted at an increased rent of just over £10.00 per sq ft overall. Professional | Anthony Lorenz  |
5th August 2008, 04:34 PM |
Victory House, Kingsway, London, WC2 |
 Anthony Lorenz was flattered to be instructed on perhaps the largest building in the Pearl & Coutts portfolio, in terms of value. The property totaling 45,904 sq ft was subject to review in March 2008 and we achieved an increase of over 19% from the previous passing rent. Professional | Anthony Lorenz  |
15th July 2008, 02:47 PM |
10 Pembridge Road/Westbourne Grove Portfolio |
 The Lyons family appointed The Lorenz Consultancy to advise on valuation issues concerning this extensive portfolio. Professional | Anthony Lorenz  |
1st July 2008, 02:48 PM |
Pub Review in Camden. 55 Parkway, London, NW1 |
 The Landlord, Linklane Development, is another established client of the firm instructed us to handle the rent review where The Earl of Camden occupies a prominent position on Parkway comprising some 5,000 sq ft at ground floor and basement level where the rent was increased from just under £100,000 a year to over £130,000 per annum. Professional | Anthony Lorenz  |
30th June 2008, 04:38 PM |
1st/4th floors, 20-22 Bedford Row, London, WC1 |
 Having handled the previous rent review for another client on the 3rd floor, SHM Ltd instructed The Lorenz Consultancy to act on their behalf in connection with the 1st floor where they occupied some 2,700 sq ft held at an October 2005 rent of over £100,000 per annum. The lease was due to expire in October 2010 and a renewal was negotiated at a 15% discount linked with an acquisition of a further 1,200 sq ft on the 4th floor for expansion space within the building. Professional | Anthony Lorenz  |
28th June 2008, 03:40 PM |
1 Baker Street, London, W1 |
Enodis Group used to occupy offices in 1 Baker Street which were previously sub-let and are now vacant. They hold the remnants of their long lease and every 5 years have to negotiate the minimum possible rent with the Landlord. After extensive negotiation they settled with a small increase, minimising Enodis' liabilities. Professional | Anthony Lorenz  |
25th June 2008, 02:49 PM |
12 – 13 Suffolk Street, London, SW1 |
 Cardew had received a Landlord’s break notice and had no Landlord and Tenant Act rights. We commenced an extensive search for alternative premises and within a short time frame had shortlisted up to 6 potential options. When the Landlord had a change of heart we negotiated a rent reduction and a substantial rent free period to renew on this unique period building. Professional | Anthony Lorenz  |
24th June 2008, 02:46 PM |
3rd Floor, 20-22 Bedford Row, London, WC1 |
 Sustainability Ltd occupied some 2,691 sq ft on the 3rd floor of the building. We faced a rent review against the Landlords quoting £47.00 per sq ft. After extensive negotiation this was settled at £39.80 per sq ft. Professional | Anthony Lorenz  |
20th June 2008, 03:01 PM |
13 Carlos Place, London, W1 |
 Hamilton Gallery has used Tony Lorenz for almost 15 years in connection with its negotiations with the Landlord. The Spring 2008 rent review was eventually settled without recourse to Arbitration and a lease extension was also agreed. Professional | Anthony Lorenz  |
16th June 2008, 02:58 PM |
3rd Floor, 40A Dover Street, London, W1 |
 A friend of Tony Lorenz running Morgans Independent Advisers, faced a rent review on some 3,000 sq ft in December 2007, virtually at the top of the market, where against a quoting £275,000 per annum agreement was reached at £185,000 per annum. Professional | Anthony Lorenz  |
2nd June 2008, 04:48 PM |
Butlers Wharf Buildings, Shad Thames, London, SE1 |
 D&D Restaurants who acquired Conran Restaurants and run Cantina and the Chop House in Butlers Wharf entrusted The Lorenz Consultancy to negotiate the minimum possible uplifts on their rent reviews. The Landlord’s quoting rent was reduced by 30%. Professional | Anthony Lorenz  |
30th April 2008, 02:54 PM |
Fleet House, 8-12 New Bridge Street, London, EC4 |
 The Tote managed this redundant building for many years and wished to surrender. The Lorenz Consultancy advised on these complex surrender negotiations with the Landlord, the City of London Corporation eventually agreeing a mutually beneficial settlement. Professional | Anthony Lorenz  |
29th April 2008, 02:48 PM |
25 Berkeley Square, London, W1 |
 This key instruction was won by The Lorenz Consultancy to represent the Landlord, Lazari Investments on one of the most high profile rent reviews in Mayfair at the peak of the market in June 2007. This 55,000 sq ft building, held on a lease by Cadbury Schweppes, was eventually settled by negotiation at a prime rental of £94.00 per sq ft. Professional | Anthony Lorenz  |
28th April 2008, 02:49 PM |
Criterion Theatre, Piccadilly Circus Restaurant, W1 |
 The Criterion Theatre faced a rent review in May 2007 against their Landlord and after extensive negotiation, the Landlords quote of £225,000 per annum was reduced on this 589 seat theatre to £140,000 per annum against a reserved rent of £125,000 per annum. Professional | Anthony Lorenz  |
6th March 2008, 11:00 AM |
Unit 2, London Road Industrial Estate, Wheatley, Oxfordshire |
 In December 2007, Cadogan Tate faced a rent review on a warehouse comprising some 20,220 sq ft and following extensive negotiation where the Landlord initially quoted an increase to £162,000 per annum from a reserved rent of £139,350 per annum exclusive, a settlement was agreed at £140,000 per annum – an increase of only £650 per annum against a demand of over £22,000 per annum. Professional | Anthony Lorenz  |
28th January 2008, 11:06 AM |
12 Norwich Street, London, W1 |
 Associated Press, a subsidiary of Associated Press Television News occupied 12 Norwich Street for many years. With the lease coming to expiry the Landlord served a £2.5 million schedule of dilapidations and The Lorenz Consultancy went in to bat. They walked away with a cheque for virtually £750,000 for cooperating with the Landlords date for possession. Professional | Anthony Lorenz  |
4th January 2008, 02:51 PM |
61 South Audley Street, London, W1 |
 The Grosvenor Portfolio was purchased by a client of The Lorenz Consultancy during 2007 when there was an outstanding review effective April 2006 against the Tenant of this retail unit who was only paying £45,000 per annum. After extensive negotiations and subsequent Arbitration, the rent was increased to £65,550 per annum, representing £120 per sq ft Zone A. Professional | Anthony Lorenz  |
2nd December 2007, 03:09 PM |
Langham House, 302-308, Regent Street, London, W1 |
 A small Tenant, Brookman Gorney Textiles Agencies, occupying less than 1,000 sq ft faced a lease expiry with the Crown Estate in a building where most other tenants had already vacated. Anthony Lorenz believed that the Landlords were going to redevelop or substantially reconstruct and the Tenant was inside the Landlord and Tenant Act. He therefore maintained occupation as long as possible and argued that the Landlord could carry out the refurbishment of that particular floor around the Tenant. Eventually the Landlord paid £140,000 to gain vacant possession. Professional | Anthony Lorenz  |
1st December 2007, 03:03 PM |
19 Buckingham Gate, London, SW1 |
 Communication Group occupy this headquarters building comprising some 7,405 sq ft and instructed The Lorenz Consultancy initially to handle the June 2007 rent review which was settled at just under £300,000 per annum. Subsequently a 5 year extension of the lease was negotiated in consideration of the Landlord giving a 5 month rent free period to the company to stay in occupation past the lease expiry in 2012. Professional | Anthony Lorenz  |
28th November 2007, 04:02 PM |
128 Albert Street, London, NW1 |
 Linklane Developments, run by an ex-colleague of Tony Lorenz from the Baker Lorenz days, owns the building on the corner of Parkway and Albert Street. We were instructed to handle the rent review against the sub-Tenant occupying 12,500 sq ft where the rent was eventually increased from £277,500 to £360,000 per annum. Professional | Anthony Lorenz  |
12th November 2007, 03:19 PM |
90 High Holborn, London, WC1 |
 Olswang are perhaps the largest firm of solicitors based in Midtown. Tony Lorenz was extremely flattered when they chose us amongst fierce competition to handle one of the most important midtown rent reviews on some 180,000 sq ft of offices. There were also complex back-to-back negotiations to be handled with the sub-Tenants and after reducing the Landlord’s quoting rent and increasing the Tenants rent, Olswang actually made savings on the overall transaction. Professional | Anthony Lorenz  |
31st October 2007, 02:55 PM |
12 Woodstock Street, London, W1 |
 Tony Lorenz heard that the Italian Restaurant which was less than 100 yards from Oxford Street was becoming available and introduced the premises to one of his oldest clients, Spaghetti House, who acquired a 15 year lease at £85,000 per annum. The unit trades extremely successfully. Professional | Anthony Lorenz  |
29th October 2007, 10:24 AM |
Berger House, 36 Berkeley Square London, W1 |
 Seven Seas Chartering an old client of The Lorenz Consultancy had a lease expiring December 2007 in a difficult market. Some 4,000 sq ft was renewed at just over £40.00 per sq ft with the Landlord giving a 6 month rent free period in view of market conditions. Professional | Anthony Lorenz  |
28th September 2007, 03:20 PM |
Lots Road & Burnaby Street, London, SW10 |
| Cadogan Tate, a major player in the removals market, held leases on 20,000 sq ft in Lots Road and some 11,000 sq ft in Burnaby Street respectively, which were both subject to upward rent reviews in January 2007. Eventually negotiations settled at a 20% discount of the Landlords quoting terms on both. Professional | Anthony Lorenz  |
29th August 2007, 10:25 AM |
Putney Bridge Road, London, SW15 |
| Grosvenor Securities are the Landlord of this building comprising 6 shops and 20,000 sq ft of offices above. After negotiations with the Government to include a break clause facilitating redevelopment, negotiations were undertaken with all the retailers to get their leases outside the Landlord and Tenant Act, with suitable break clauses, thereby facilitating full vacant possession or a major scheme to be constructed on the site. Professional | Anthony Lorenz  |
28th August 2007, 03:51 PM |
52 George Street, London, W1 |
 Mr Lorenz has acted for the Loftus Family Property for almost 30 years and was instructed by them to handle the September 2006 rent review against Orange on some 6,500 sq ft. The rent was increased from £225,000 per annum to £335,000 per annum, representing £51.54 per sq ft. Professional | Anthony Lorenz  |
28th June 2007, 04:03 PM |
45 Conduit Street, London, W1 |
 Daniel Hersheson has been a client of Anthony Lorenz for 35 years. He previously met him in the salon and since has managed all aspects of Daniel's commercial property, this transaction being the December 2006 rent review where we achieved a saving of over 17% from the Landlord’s initial proposal. Professional | Anthony Lorenz  |
6th June 2007, 02:57 PM |
7 Stratton Street, London, W1 |
 WELPUT, advised by Grafton Advisors, instructed The Lorenz Consultancy to handle a rent review on some 3,500 sq ft which was eventually settled at £60 per sq ft, effective from May 2007. Professional | Anthony Lorenz  |
28th May 2007, 04:01 PM |
Dormer Road, Thame, Oxfordshire, OX9 |
 Kubota has been a client of Anthony Lorenz for over 20 years and identified a warehouse across the road from their main headquarters of some 25,000 sq ft which after extensive negotiations was acquired on a contemporaneous lease to their headquarters across the road. Professional | Anthony Lorenz  |
10th April 2007, 02:51 PM |
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