The building was a derelict former garment works which we introduced to our client, a private property company, and subsequently acquired on a freehold basis with vacant possession.
While still in a derelict condition, we discreetly marketed the building and negotiated a pre-letting to a major ISP company on a long term leasehold structure with annual rent steps.
The purchase and letting were progressed in parallel.
Acting on behalf of a privately held property company, Thompson Yates introduced and advised on the acquisition of the office component of this mixed use scheme, let to two government tenants on long term leases.
Acting on behalf of private investors, Thompson Yates negotiated the purchase of the former Billingsgate Fish Market (converted to bank offices and trading floors in 1987), for use as an events and conference centre.
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