1st Floor, St. Swithin’s Lane, London.
Sourced premises, negotiated lease terms, secured letting on behalf of Sedex.
London Office Agency Advice - Sedex
5,747
sq ft
of modern office space.
~£500,000pa
Saved a year through lease negotiations and updated layout befitting their new hybrid working practices.
Challenge
Vail Williams was appointed by Sedex, to help the global technology company secure new offices in London ahead of a lease expiry.
Having previously acted for them to secure their old office at 5 Old Bailey, we understood the company and what it wanted to achieve from its future premises. This time, our client sought around 5,000 sq ft of ‘plug and play’ office space in central London, at what was a growth phase for the company.
How we helped
- Took time to understand our client’s objectives, in a fast-paced growth phase for the business.
- We searched the market for appropriate premises that would meet their evolving needs and ESG requirements.
- The client wanted fully-fitted office space, to enable an efficient move to a tight deadline.
- Their ideal option was found in 18 St. Swithin’s Lane.
- In the face of stiff competition for fitted space in this size band, we competed against three other occupiers to secure their new home, saving them over £500,000 a year in occupational costs in the process.
“Vail Williams are our trusted office agents in London. Their deep understanding of the market and strategic approach to negotiations helped us secure offices that perfectly align with our future business needs, while delivering significant cost savings. They’re a pleasure to work with and consistently add value at every stage.”
Liz Aldred, People Director, Sedex.
Result
- Negotiated the lease terms with the landlord’s agent, securing 5,747 sq ft of high-quality office space in the heart of London on a five-year lease.
- Delivered against our client’s office objectives, in both a competitive market and timeframe.
- In doing so, we saved our client around £500,000 a year in property costs, through delivery of a more efficient office layout.
Get in touch
If you think you may need similar support to that described here, or you would simply want to have an informal chat with a member of our team to discuss your property needs, get in touch.
