Cluttons acted as project managers, commercial agents and property advisors supporting a Head Office move and consolidation to Crutched Friars by Fenchurch Street. This consolidated several offices into one central London hub and moved to an agile working with very high occupation levels pre pandemic. We created a playbook for all future office projects.
Post pandemic we then advised to sublet half their demise and managed these works to achieve £2 million rental savings.
How we helped
We prepared a Master Programme to support the decision to ‘stay or go’ and completed in-depth workplace studies and trials of new ways of working.
We appointed the project team, finalised budgets, prepare detailed client requirements and worked alongside our agency team to help acquire the new accommodation on behalf of the client. The team carried out technical negotiations with the landlord and managed a tender process and the appointment of contractor.
We developed a dilapidations strategy for the client’s lease events at existing properties.
Outcome
The new HQ Office accommodates an additional 120 staff and visitors without increasing the size of accommodation. It is the UK’s first ‘dementia friendly’ office design and a successful head office relocation, delivered on time and within budget.
Significant mitigation of the landlord’s dilapidations claim, with the client achieving a 2/3 reduction based on the amount of the original assessment with no liability for Landlord’s ancillary claims such as loss of rent or VAT.
Saved £2m of rent by sub dividing and subletting half the floorplate, mid lease term, due to reduction in office attendance, post pandemic. This aligned with clients change in working practices and their estates rationalisation strategy.
“Cluttons really understood our requirements and were really helpful and supportive through our office fit out journey. The team provided professional advice to ensure we achieved our objectives as part of this project.”
