House of Fraser
Client: House of Fraser
Address: 27 Baker Street, W1
Size: 50,000 sq ft
Brief: With a lease expiry in March 2018, House of Fraser instructed Edward Charles & Partners to find a new headquarters at a rental level less than that likely to be paid in the building we acquired for them in 2008. The brief was geographically wide – properties from Stockley Park to Eastern Docklands were considered and in some cases viewed. The overriding point was that it had to be less than £50.00 per sq ft.
Ultimately, the option of staying put was overwhelming and a deal was finally struck with landlords Derwent London at a headline rental of £48.50 per sq ft.
House of Fraser are a long standing client of Edward Charles & Partners. The relationship goes back earlier than 2000 and has spanned two changes of owners and three changes within the Property Department.