LONDON, UK, September 01, 2009
/24-7PressRelease/ -- Acting on behalf of AFP (Agence France Presse), MERJS have recently secured new Central London HQ offices within Centre Point. MERJS were originally instructed by AFP to provide strategic advice on the surrender of the existing lease at AFP's Fleet Street offices. Following detailed negotiations with their landlord, MERJS were able to secure a substantial reverse premium payable to AFP which then allowed the commercial property team to secure the new Central London office premises on their behalf. For further information visit http://www.merjs-agency.co.uk or call +44 20 7079 3976.
Colin Becker, Equity Director for MERJS, said "Initially, from our perspective this was an interesting strategic commercial property negotiation. AFP had decided that it was time to move on from their Fleet Street offices, but were tied into a lease which made that difficult. We negotiated with the landlord on their behalf, and succeeded in not only securing favourable terms for surrender of the lease, but also a substantial reverse premium," Colin commented. "AFP were delighted, and instructed us to then use that reverse premium to secure the new Centre Point offices."
"We couldn't have hoped for a better outcome," Colin added. "It can be a very stressful time for a business when they need to move on for reasons that were unforeseeable at the time the original lease was signed. It becomes a huge block to expansion and business development, and it's incredibly difficult for business owners to be able to negotiate successfully with landlords in these circumstances. AFP are delighted with their new offices, the landmark Centre Point building is an incredibly popular location and really is at the heart of a vibrant area of central London."
About MERJS
MERJS is one of London's leading commercial property agencies, and is actively involved in selling and letting commercial property throughout Central London.
MERJS helps to identify and negotiate the most suitable office space to let for commercial tenants; including serviced office space requirements, refurbished offices in Central London, or a new commercial property development.
MERJS also advises a number of high profile organisations such as property companies, commercial developers, institutions and private commercial property landlords on acquiring and selling commercial investment property for sale. This involves access to a wide range of commercial investment opportunities and a detailed understanding of the Central London commercial property market.
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