VIDEOLOGY
CLIENT BRIEF Videology videologygroup.com is one of the world’s largest video advertising platforms. When their landlords announced plans to substantially redevelop and convert the 145,000 sq ft Centrepoint office tower…
CLIENT BRIEF
Videology (videologygroup.com) is one of the world’s largest video advertising platforms. When their landlords announced plans to substantially redevelop and convert the 145,000 sq ft Centrepoint office tower into high end, desirable, residential accommodation we were instructed to source suitable alternative premises whilst minimising disruption to the business. In terms of location, the search parameters were set as 3 main areas of focus: Kings Cross, Holborn and Farringdon/Clerkenwell.
OUR PROFESSIONAL APPROACH:
Our first step was to agree space requirements within the search parameters. We then conducted a full market search for suitable accommodation, scheduling available options, analysing and contrasting occupational costs; arranging to view selected options with client; second viewings of favoured options; negotiating final Heads of Terms and assisting solicitors until lease completion.
THE SUCCESS STORY:
Videology took the entire 6,339 sq ft of bright, open space, set over three floors, with a roof terrace at Noah’s Yard, 16 York Way, Kings Cross. The building provided plenty of potential for meeting and client space entertainment, in addition to work space for the growing Videology team, so a perfect fit! ask-re negotiated a substantial rent free period and minimised future dilapidations liability. ask-re provided a “hand-hold” service from the initial meeting until the hand- over of the keys. ask-re advised Videology on a clean exit from Centre Point to minimise paying rent/rates/service charges for two buildings during the transitional stage. Additionally, in the future we will advise, appeal and reduce business rates liability for Videology’s former and new accommodation.
THE VERDICT:
“From the outset we found ask-re to be professional, courteous and extremely knowledgeable on a wide variety of property situations. Their fees are competitive and they provide a very valuable service” – Rikki Webster, Director – International Marketing