News
Clerkenwell Design Week 22nd - 24th May 2012
17th May 2012
Here at the Richard Susskind office we are eagerly anticipating Clerkenwell Design Week which is now just a few days away - and it seems we aren’t the only ones excited by the design community’s calendar highlight; the press and media are also keen to catch a sneak peak of the exhibits on show.
As featured in the Evening Standard yesterday the festival expects exhibits from around 50 established British and international designers shown in three of Clerkenwell’s historic buildings; the Farmiloe Building, the House of Detention and the Order of St John.
Evening Standard’s Corinne Julius previews one of the week’s landmark displays Ross Lovegrove’s Solar Tree; a “20 ft solar-powered street lamp that looks like grass stems on steroids, topped with giant shower heads”. Not just interesting to look at, Lovegrove envisions that street furniture should be designed to reflect contemporary needs, hence the installation provides seating for passers by and there are plans to develop charging points for laptops and mobile phones. Julius reports that this project is one of many lighting projects showcasing as part of Design Week – we hope all of them are as forward-thinking as this one.
Other things we can look forward to are The Small Coal Man’s Travelling Theatre, music performances, a pop gin bar and a wealth of tasty food and drink.
Don’t forget to register!
Relocation Relocation
16th May 2012
Richard Susskind & Company are delighted to announce on behalf of our clients Lawrence Stephens Solicitors that we have acquired the Ground Floor of 50 Farringdon Road, London, EC1M. This 3,600 Sq Ft office will be let for a term of ten years.
50 Farringdon Road has only recently been refurbished and encompasses 32,000 Sq Ft of open plan office space, the Ground Floor being the last unit of this impressive building to be let. Lawrence Stephens Solicitors will be joining companies such as The Trainline and Totus Tax LLP, who are already based there.
Lawrence Stephens Solicitors have been practising in London since 1997 and specialize in the commercial and entrepreneurial sectors. Richard Susskind & Company's Associate Director Jonathan Franks who represented Lawrence Stephens comments:
"We worked closely with our clients Lawrence Stephens to ensure we found them the right office. After a couple of building tours it became clear that 50 Farringdon Road was the perfect fit.
After working hard to ensure our client got the best deal possible, we monitored the transaction from Heads of Terms through to a successful completion. We wish Lawrence Stephens well in their new home."
This move certainly demonstrates Farringdon’s current popularity amongst a great range of businesses. Already brilliantly connected with Farringdon, Barbican and Chancery Lane stations close-by, the new Crossrail will further benefit local companies when it is completed in 2018. Indeed, Lawrence Stephens Solicitors will be situated on the doorstep of this soon-to-be commercial playground.
If you would like more information on our recent deals check here or alternatively call our office for more information on 0207 831 8311.
Caffè Culture Show 2012
16th May 2012
Caffè Culture Show 2012
Olympia Exhibition Centre
16th-17th May
With seminars, demonstrations and over 200 exhibitors the Caffè Culture Show in Olympia is the UK’s leading trade fair for the café bar industry. Today and tomorrow, the market leaders and smaller independent suppliers are brought together presenting the latest products and ideas to around 4000 visitors. This event attracts a wide range of people; café bar owners, buyers from high street chains, hospitality professionals and entrepreneurs.
Our very own Lauren Leach from the Retail & Leisure team is also out there today on the look-out for new and exciting concepts to put to our clients. We shall keep you all posted.
Highlights of the Year
14th May 2012
After recently celebrating our sixth acquisition with Foxtons estate agency we have been reflecting on the exceptional year for our Retail and Leisure department.
In the past year Richard Susskind & Company have worked with an eclectic mix of clientele resulting in numerous new restaurants, cafes and retail brands opening across the capital. With extensive expertise in London’s key shopping locations and the commercial property market we have been able to respond to cultural trends, assisting innovative and exciting companies shape the high street.
Whilst our successful working relationships with existing clients such as Foxtons, Haz and Caffé Nero have continued to bare fruit, we have also developed new partnerships with companies such as Waitrose, Beyond Retro and Italian restaurant chain Rossopomodoro, who have all been expanding within the London market. Indeed, we are proud to have been associated with the growth of so many prosperous retailers.
If you like to know more about our work, please see our Retail & Leisure brochure (to the left).
For more information about please contact David Toubian or Lauren Leach or call our office on 0207 831 8311.
Sixth deal with Foxtons!
8th May 2012
Richard Susskind & Company are delighted to announce the recent acquisition of 166 Vauxhall Bridge Road, Victoria, SW1 on behalf of our clients Foxtons.
The retail and leisure department are pleased to have had the opportunity of representing Foxtons again as their preferred agent. Victoria is the 6th Foxtons building to be acquired by Richard Susskind & Company.
Foxtons began in 1981 as a two-person agency in Notting Hill Gate and since then it has not stopped expanding, with 36 offices across the capital, Middlesex and Surrey they have become known as London’s leading estate agents. Now established as a familiar retailer on the high street, we expect Foxtons will be a great addition to Victoria and the surrounding area.
Pimlico is an affluent part of London, home to many regency townhouses and listed buildings. Rather suitably, past residents include Winston Churchill, Laura Ashley and Laurence Olivier with the neighbourhood continuing to attract many high profile tenants today. We wish Foxtons every success working in this inspiring area.
We are actively on the look out for there next premises situated within the City please contact either David Toubian or Lauren Leach with further information check here to see our other properties – we even have some on Vauxhall Bridge Road. Alternatively call us on 0207 831 8311.
TV Tokyo move to Margaret Street
2nd May 2012
Richard Susskind & Company are delighted to announce the acquisition of the fifth floor at 20 Margaret Street for our clients TV Tokyo Corporation, on a 5 year straight term. Dan Cohen represented Tokyo TV and Langham Estates acted for the lessor.
The Japanese television broadcasters have moved their London premises from Berners Street to this first-class location, just a stones-throw away from Oxford Circus station.
TV Tokyo has been established since 1951 and is now one of the leading broadcasting stations in Japan, presenting a wide range of programmes including news, sport, music and film. However, the network is most recognised for its specialisation in anime, a form of cartoon animation which is popular all over the world particularly in the East and South East Asia. Indeed, anime shows such as Pokémon are frequently aired on children’s television in the UK.
We wish TV Tokyo all the best with their move.
If you are looking for a property in central London then check here to see our properties in the area or call 0207 831 8311 to speak to one of our agents.
Recruitment company are on the right track
1st May 2012
Richard Susskind & Company are delighted to announce on behalf of our client Prospero that we have acquired Ground Floor 6-8 Long Lane, London, EC1. This property will be let on a 5 year FRI Lease with a Tenant-only option to determine after 3 years.
This 1,666 Sq Ft Ground floor office space is near to Barbican and Farringdon stations and features good ceiling height, wood flooring, and air-conditioning.
Prospero is an established recruitment company specializing in the Audio-visual, Telecommunications and IT sectors. Having been previously based on Clerkenwell Road, Prospero will retain all the advantages of being situated close by to the new Crossrail in Farringdon that is currently being developed.
Crossrail is a very exciting project for the community in Farringdon as it is expected to become one of London’s busiest stations and the only one to connect all three train networks; London Underground, Crossrail and Thameslink. This addition is highly valuable to local businesses as it will make key central locations more accessible for passengers. Crossrail hope that the project “will help to both re-energise the traditional industries such as the Hatton Garden Jewellers and Smithfield Market, and attract new business to the area”.
If you would like to be in close proximity to the new Crossrail check here to see our properties in Farringdon or call 0207 831 8311 to speak to an agent.
Chorus upgrade to show-stopping showroom.
23rd April 2012
Richard Susskind & Company are delighted to announce a completion of 250 Goswell Road, London, EC1 on behalf of a private landlord. Chorus Contract Furniture, represented by Warwick Bookman & Associates will be leasing the premises for a term of 10 years at a rent of £52,000 pax.
This recently refurbished property offers 2,794 Sq Ft arranged over Lower Ground and Ground floors with excellent frontage for branding opportunities.
The Islington side of Clerkenwell is an excellent spot for Chorus to base their London showroom, having been previously situated around the corner on Northburgh Street this furniture company recognise the area’s reputation for design centred businesses.
Chorus’ designer Simon Pengelly devises their furniture with a contemporary focus, aiming to create:
“Highly functional and purposeful pieces of furniture that superbly enhance our ever evolving work and leisure environments, including those that blur the boundaries of the two”.
Pengelly’s ethos will certainly compliment other furniture design companies in the local vicinity.
If you are interested in leasing a property in the area then please check here to see our options in Clerkenwell or call us 0207 831 8311 to speak to one of our agents.
Kirby St gets ready for Clerkenwell Design Week by welcoming latest designers
20th April 2012
Richard Susskind & Company are delighted to announce the letting of Unit ‘A’ Ground Floor, 20-24 Kirby Street, EC1, London to FREM UK on behalf of Aberdeen Property Investors. This will be on a new fully repairing and insuring lease for a term of three years with a rent of £69,440 per annum (£31.00 per sq ft).
The 2,240 Sq Ft B1 space has been leased to FREM UK, a leading furniture company specialising in custom made office furniture. The space provides ground floor frontage and fantastic natural daylight which will really benefit its use as a showroom.
This move is one of many design-led furniture companies opening shops in the Clerkenwell area. This focus on design will be celebrated next month at Clerkenwell Design Week, an annual festival dedicated to exhibiting the latest ideas, projects and concepts from the UK’s design community.
If you are looking for creative space check here to see our available properties in the Clerkenwell area. Indeed, we even have another unit available in Kirby Street, check here for details.
Victoria is fashion trend for 2012 - self-contained A1/B1 available!
20th April 2012
As featured in the Evening Standard this week, Victoria is becoming the new destination for the fashion industry after many designers decide to branch out. The likes of Tom Ford, Jimmy Choo and Burberry have all been choosing premises in the vicinity which has previously been known as the home of civil servants and ambassadors.
But, why Victoria? Nick Ware of Union Land suggests:
“Victoria is the perfect location between Bond Street and Sloane Street — the two major areas for luxury goods in London. It is cheaper than Mayfair but very accessible.”
The increased presence of high-end retailers in the area will certainly set the trend for others to follow suit, property experts predict that the restaurant industry will soon be making a similar move.
Would you like to be part of this fashion forward movement? Contact our agents regarding letting the self-contained commercial property at 244 Vauxhall Bridge Road. The 3,041 Sq Ft property is arranged over five floors with mixed A1 and B1 use. It has great frontage for branding opportunities as well as a stylish façade and back terrace.
Smithfield is prime choice for the property market
18th April 2012
Richard Susskind & Company are delighted to announce, on behalf of St Anselm Group of Companies, that we have completed on the acquisition of 13-17 Long Lane, London EC1. The freehold was purchased for £5.8 million where agents Estate Office Investments and Howell Brooks acted jointly on behalf of the vendor.
The 17,000 Sq Ft property is arranged over Lower Ground, Ground & four upper floor offices with two floors of residential accommodation above that have been sold on long leaseholds.
Long Lane is within close proximity to Smithfield Market, the oldest and most famous meat market in Europe. The lively market has been trading since the 12th century and was redesigned in the 19th century to its current recognisable structure by architect Sir Horace Jones, who also designed Billinsgate and Leadenhall markets as well as Tower Bridge. Associate Director George Wise comments,
‘’Today the City Fringe locations are attracting a plethora of different companies keen to invest in this vibrant and up and coming location. This building consists of large, open plan floor plates which are currently lacking within the EC1 market’’.
We’re really excited how this important building develops.
If you are looking to lease a property in the area check here for availability or call us 0207 831 8311.
Another prime freehold sale on Clerkenwell Green
17th April 2012
Richard Susskind & Company are delighted to announce the sale of another Freehold on Clerkenwell Green, 44 Clerkenwell Close, London. The achieved price was £1.3m, which breaks back to £433.33 psf. This period building comprises 3000 sq ft arranged over lower ground, ground and 2 upper floors.
Centrally located close to Farringdon and Chancery Lane, Clerkenwell Green is steeped in history, this is not only apparent in the surrounding architecture, but indeed the site is also well known for being the location of Charles Dickens’ Oliver Twist.
Conversely, the local area is the setting for numerous design conscious businesses and these new shops, cafes and offices are central to Clerkenwell’s character. Now an established office location, the 44 Clerkenwell Close deal follows on from another sale nearby. We recently sold an 18,300 freehold on Clerkenwell Green for £7.05 million which represents a capital value of £385 psf.
We have more freeholds available in the area, check here for availability or contact our agents on 0207 831 8311.
A1 retail opportunity at iconic warehouse on the Thames
10th April 2012
We are delighted to offer a retail opportunity at the iconic Metropolitan Wharf, Wapping, E1. An A1 unit is available at this eight storey, grade II listed Victorian warehouse situated on the Thames.
Recently, Metropolitan Wharf has been carefully restored in keeping with its original style. It now provides high quality space to tenants such as designers, PR & communication groups, art galleries and architects. This has created great footfall that will help to generate local trade.
The unit has A1 use and measures 2621 Sq Ft. The space is in keeping with its past design and uses original materials in a highly aesthetic way. This mixed with its location by the river makes it an attractive work and leisure environment.
To view the marketing details, click on the pdf to the right.
Rent is available on application, contact Lauren Leach and David Toubian or call on 0207 831 8311 for more details. Our Office Agency team also have units for rent, email Jonathan Franks for the latest availability.
Over 5,000 Sq Ft let in Prime Clerkenwell
4th April 2012
We are delighted to announce the letting of the Ground & Lower Ground Floors at Sycamore House, EC1 on behalf of our client Meghraj Properties along with our joint agents Goodsir Graham. The 5,346 Sq Ft space will now be let by Simpson Millar LLP for a rent of £85,000 on a 5 year lease.
This corner of Clerkenwell boasts neighbours such as Vitra, Bulo and Bulthaup. It is also adjacent to our client Derwent London's courtyard development Morelands. The scheme includes tenants such as AHMM Architects, Next Model Management and Krow Communications, following the recent letting at 80 Goswell Road.
Simpson Millar LLP are a respected name in the legal world. They specialise in high quality, legal services to individuals, trade unions and businesses in regard of everything from personal injury claims, employment law, consumer protection, family law, financial services, negligence and wills and probate.
They’ll be moving into this impressive space in the heart of Clerkenwell. With a stunning reception and excellent street presence, Sycamore House makes for a stylish office that is well suited to both professional and media companies. Well linked by the underground at Farringdon, Barbican and Old Street means is has easy access for both employees and visiting clients.
We always have a variety of offices in this area. Check here for availability or ring our agents on 0207 831 8311 to discuss your requirement.
A3 & A1 units required in prime city or central London location
2rd April 2012
We urgently require A3 (and possibly A1) units for a new concept 'The Dish'. In their own words,
“The Dish is a fresh, modern day canteen. We make yummy sandwiches, salads and hot food that look as good as they taste.
Customers can pick from a variety of fresh, quality ingredients to create their perfect breakfast or lunch – with everything made right in front of them. We also offer amazing jacket potatoes with loads of fillings and fresh, home-made hot dishes which customers can see being prepared in our open kitchen. For the customer that need a little inspiration can choose from a range of pre-prepared house favourites.
Excellent service is more than important to us - our customers are served by trained Chefs and will be out the door in under 5 minutes. No fuss.
So, although we’d like to make it out to be, it really isn’t rocket science – it’s about great food and great service”
Areas would include Victoria, Holborn, Chancery Lane, Fleet St, St. Pauls, Barbican, Mansion House, Moorgate, London Bridge, Monument, Liverpool Street, Aldgate and Canary Wharf.
See attached flyer for more details.
Please contact Lauren Leach or David Toubian on 0207 831 8311 or alternatively email them directly.
Hog PLC's new home at New Loom House
2nd April 2011
We are delighted to announce a new letting at New Loom House, 101 Backchurch Lane, E1 on behalf of a private client. Unit 5.08 (2,152 Sq Ft) at will now be home to the interiors company Hog PLC.
Established in 1985, Hog PLC has grown to become a major player in the office interiors market. Offering in-house facilities for design, specification, distribution, fit-out and installation services they help transform offices into inspiring spaces. Like us, they understand that a company’s environment has a great effect on their output, just look at the world leaders Google’s offices!
Being known for their penchant for stylish offices, it’s no surprise they have chosen New Loom House for their HQ. An exceptional Grade II listed warehouse, it is arranged over six floors varying between 1,367 Sq Ft and 3,497 Sq Ft. Its period features have been retained so it boasts exposed brickwork, excellent natural light and cast iron columns.
Just on the eastern fringe of the City, it has excellent transport links including close proximity to Aldgate East, Aldgate, Tower Hill and Fenchurch Underground Stations, this makes it an excellent commuter choice.
There are still units available at this outstanding property, for more details or to book a viewing call Jonathan or Dan on 0207 831 8311 or email them here.
Two thirds of Metropolitan Wharf now let
29th March 2012
With two thirds of the building now fully let, we are delighted to announce another letting at the iconic Metropolitan Wharf. On behalf of UK Real Estate and with our joint agent Pilcher Hershman that we have just completed letting Unit 3.09 to Tradetracker UK Limited for a term of 5 years.
TradeTracker are part of the new trend in affiliate marketing and are no.1 in performance based online marketing. They link publishers and advertisers together to generate income for both parties. To optimise the results they use state of the art technology that monitors all traffic to their affiliate sites.
Now moving from Holborn to Wapping, TradeTracker will be joining the other tenants as Metropolitan Wharf continues to fill up. This iconic converted warehouse has a rich maritime history and its careful restoration by architects Hawkins Brown created stunning riverside office spaces. The offices utilise their original materials, with steel columns, timber and exposed brickwork making up the aesthetics
There is a limited amount of office space and one exclusive retail unit available to let, for more details or to arrange a viewing call 0207 831 8311 or email our office or retail department.
New A3 Unit in popular Shoreditch gallery
28th March 2012
We are delighted to announce a new instruction for an A3 unit within Rivington Place, EC2. The café is 570 Sq Ft and holds both an alcohol permit and a music permit. Added to this is a late night drinks licence that gives trade till 12.30am Sunday to Wednesday and 1.00am Thursday to Saturday. It's available on a flexible lease length for £27,000 with a service charge of c. £3 per Sq Ft.
Rivington Place opened in October 2007 in the heart of Shoreditch, East London, home to Iniva (Institute of International Visual Arts) and Autograph ABP’s dynamic artistic programmes. Rivington Place is the UK's first permanent public space dedicated to diversity in the visual arts and the first new public gallery to be built in London for 40 years since the Hayward Gallery.
The RIBA award-winning building was designed by David Adjaye OBE and is influenced by African and contemporary art as well as the history of the local area. It provides a space for viewing, learning about and researching contemporary art. It has also become a hive of activity and a meeting place for the local East London community.
The café benefits hugely from its position within such a hub of art and culture due to regular footfall being provided. See marketing details on the left-hand side for more information.
For more details or to arrange viewing contact Lauren Leach or David Toubian on 0207 831 8311 or email them directly.
Over 10,000 Sq Ft Freehold Sold in King's Cross
26th March 2012
On behalf of our clients Lenta Business Centres we are delighted to have acquired the freehold interest for the self contained serviced office building at 180-186 Kings Cross Road, WC1. The selling agents were InLondon Properties. Our joint acquiring agents were Search Office Space. The building has a total GIA of 10,065 sq ft.
Lenta will continue to run the building as a serviced office centre adding to their extensive portfolio of business centres found in key locations across central London. This award winning architecturally designed building was substantially re-developed approximately 7 years ago featuring a striking stainless steel clad façade designed by Satellite Architects.
If your looking for a freehold property click here for availability or call 020 7831 8311 for more information.
Top ad agency take Goswell Road
15th March 2012
We are delighted to announce that we have completed on letting 80 Goswell Road, EC1 to Krow Communications Limited on behalf of Derwent London.
Newly refurbished by architects AHMM, this Morelands office provides 7,286 sq ft of creative space within a courtyard setting. It has a contemporary feel with exposed brickwork and metal caging that works well with the light sources to give an airy, spacious feel.
It is this modern warehouse style which is exactly what Clerkenwell has found fame for. Indeed, it has become a huge part of the creative scene after being shaped over recent years into a favoured destination of forward thinkers, including media companies such as Krow who were already residents of the nearby area.
Krow are a communications agency who mix advertising, prommercials and promotions. Recently they’ve expanded by having won an £84 million contract with DFS (The UK’s 6th biggest advertiser). With such a huge client the work will be manic but we are sure that their new property will give them the space to work effectively.
We wish them well in their new office and are sure they’ll continue to succeed. If you’re looking for space in this upcoming area then click here for availability or call our agents on 0207 831 8311.
ESO make Landmark Deal
13th March 2012
We are delighted to announce a completion on 9 Alie St, E1. We acted for the purchasers ESO Capital and Landmark Group whilst Knight Frank acted for the vendor. A sale was agreed with the freehold price of £6,550,000.
Externally it has great aesthetics with a York Stonework façade, built in just 1988 it is well presented in good condition. Inside has an impressive reception and more than ample space at nearly 30,000 sq ft arranged over lower ground, ground and five open plan upper floors.
Just east of the City of London, it is in a prime location for the world of Insurance, Reinsurance and Shipping sectors due to its close proximity to Lloyds of London. Well serviced by rail, tubes and buses it has the benefit of an easy commute, the building itself even has covered parking.
The entire building is let to Arthur J. Gallagher, one of the world’s largest insurance brokerage and risk management services firms. Hailing from America they have worked across the globe for 85 years to build up an international reputation as a leader in their industry.
To see our freehold properties that are available click here.
Letting on premier Clerkenwell street
7th March 2012
We are pleased to announce the letting of the Fourth Floor at Abbey House, 74-78 St John Street, EC1 to Beadmans. This follows on from the recent lettings to GB Fitzsimon, SuperStock and Shen, Milsom & Wilke.
Beadmans have an impressive project list, working with the likes of Stanhope for their Savile Row development and Blackstone for their Nido Spitalfields scheme. The Construction Project Cost Managers have moved from nearby Bastwick Street to their new office on St John Street, only a short walk from Smithfield Market.
Abbey House is nearing completion with its refurbishment. We now have only three floors remaining. Totalling just over 4,000 Sq Ft the offices are spread over the Ground (2,280 sq ft), Fifth (1,065 Sq Ft) and the penthouse Sixth Floor (1,065 Sq Ft).
Being on one of Clerkenwell’s premier streets means it benefits hugely from proximity to both Farringdon & Barbican train stations giving easy access by rail. In the heart of such a vibrant area means there are a plethora of things of cafés and culture to supplement office life.
Abbey House itself has taken shape after its refurbishment. Now consisting of a modern interior it has excellent natural light and is very stylish. The spaces themselves are versatile, indeed we have already let four of the floors to businesses ranging from photography to consultants.
Please contact Dan, Ashley or Jonathan on 0207 831 8311 for more information or to organise a viewing.
Russian Spa comes to Old Street
28th February 2012
On behalf of Hushwing Ltd we are pleased to announce we have completed on leasing the Lower Ground Floor of 17 Micawber Street, N1 to Russian Spa Ltd. Although a new concept in the UK there are over 50 Russian Spas in New York and are predicted as a huge trend in London over the coming years.
A cross between a Finnish sauna and a Turkish bath, Russian Banyas as they are known are said to have many health benefits. The excessive heat stimulates the skin to push out toxins and excess salt through sweat secretion. In turn this is though to increase the flow of oxygen to muscles and aid repair of tissue tears. To speed up this healing process there is a custom of hitting with birch sticks the increase circulation.
Now Russian Spa Ltd are here to stimulate us to follow the New Yorkers and get fit through sitting in the heat in the Lower Ground Floor of 17 Micawber Street, N1. This self contained unit is 2,600 ft and located in the trendy Old Street area. This upgraded area has come a long way since earlier years and is now home to A-Listers such as Kiera Knightely, indeed even Rihanna is shopping for property in the area so it shows no sign of losing its status.
Fancy working nearby? We have more properties available in the area here, or contact the agents on 0207 831 8311 with your requirement.
In-House publishers find new Clerkenwell home
22nd February 2012
We are pleased to announce we have completed in leasing the 2nd Floor of 79 Clerkenwell Road to the children’s literature experts Usborne Publishing on behalf of LaSalle Investment for a term of five years.
Founded in 1973 by Peter Usborne it uses in-house editors, writers and designers to produce their own range of children’s books. Their style, although ranging from baby to teenager and fiction to non-fiction, is focused on instilling an early love of reading into children.
Usborne use their position to help children through running book fairs, sponsored reads, story time events and even summer fetes. This scholastic approach has been mutually beneficial as it has helped numerous children whilst winning accolades such as the coveted Times Literary Supplement Award.
Their new media style office on the 2nd Floor of 79 Clerkenwell Road is well placed near Farringdon and Chancery Lane stations. At 1388 sq ft it is light and airy with a modern décor. There are over 20 publishers in this area so they will be in good company with their creative ideas, just going to show how Clerkenwell has developed in time to become a melting pot of ideas in London.
There’s still some space at 79 Clerkenwell Road as we currently have the Penthouse to let and the Ground & Lower Ground floors which is perfectly suited for furniture and design companies due to its glass frontage and prominence on Clerkenwell Road. We also have more availability in Clerkenwell more generally so call 0207 831 8311 to discuss more.
Rossopomodoro in the press
22nd February 2012
Our clients Rossopomodoro have featured heavily in the property press this week with their large scale expansion into the UK restaurant market. Already Italy’s leader, they have now come to our shores to share with us their authentic Neopolitan dishes.
A feature article in Property Week and a piece in the Evening Standard both ran with the story on their expansion which has given them a presence on the market in the last year.
Started in Naples in the late 90s, they have since continued to expand and now have restaurants in Covent Garden, Chelsea, Notting Hill and Birmingham whilst sites are soon to open in Camden and Wandsworth. They are still looking and indeed they hope to open 30 outlets by 2014.
If you can recommend a site for Rossopomodoro please get in contact with David Toubian on 0207 831 8311.
Prime location for new instruction on Marylebone High St
17th February 2012
We are delighted to have been instructed to let stunning office space at 1-2 Marylebone High Street.
This first floor office space is on one of London’s top streets and is owned by one of the most esteemed landlords in London, Howard de Walden. The estate own, lease and manage the majority of the 4 million sq ft of real estate in Marylebone and have been instrumental in developing its status as a property hotspot and much loved part of the West End.
Marylebone is celebrated for its restaurants and as a shopping district although it is also home to some of London’s top companies such as leaders in publishing and media industry such as Blueprint, TVC group and Future Publishing.
Marylebone benefits strongly from its close proximity to Baker Street, Bond Street and Oxford Circus tube stations providing access to Bakerloo, Circle, Jubilee, Hammersmith & Metropolitan, Central and the Victoria lines whilst being close to national rail services and bus routes, putting it in one of the most accessible locations for transport.
The office on the first floor comprises of 1,694 Sq Ft of open plan space with the benefit of double aspect views that overlook Marylebone Lane and Marylebone High Street. It is comfort cooled and is due to be refurbished along with the common parts.
This stunning office is being guided at £52.50 per sq ft on a new lease, to find out more or request a viewing call our agents on 0207 831 8311 or email Jonathan or Dan directly by clicking on the links.
Retail & Leisure Brochure
6th February 2012
We are delighted to publish a brochure of some of our most exciting deals of Retail & Leisure's 2011. (See PDF attached)
Looking forward we have a number of established international clients all eagerly awaiting space so please get in contact with David Toubian and Lauren Leach on 0207 831 8311.
Alternatively if you are looking for retail space click here.
Clerkenwell's prime showroom changes hands
7th February 2012
We are delighted to announce the completion of 18-30 Clerkenwell Road, EC1M, on behalf of clients. Richard Susskind & Company and Bidwells acted for the purchaser. The freehold deal completed for £4,300,000 which represents a low capital value of £350 per sq ft.
Described as arguably the best showroom in London, this property is home to Europe’s leader in furniture design Vitra. First started in Switzerland it is now seen globally as the go-to place for inspiring and durable solutions for the office, the home and public spaces.
It suits the area well as Clerkenwell has become known for its creative industries, particularly design. A chance to witness this is coming up in May when the studios and showrooms open up their doors to create the Clerkenwell Design Week 2012.
We often have opportunities in the area for Freehold or Leasehold so check to see what’s available or call our agents on 0207 831 8311.
Publishers complete on new headquarters
2nd February 2012
We are delighted to announce the letting of 4th Floor at
63-66 Hatton Garden, on behalf of our clients. The new
tenant will be Publishers Group UK (PGUK) who have signed a lease on 2,604 Sq Ft on the 4th floor, providing an open-plan office suite which they can now call home.
According to their website, PGUK "offers sales, marketing and fulfilment services to publishers primarily from the USA and the UK...
Although the primary focus is on the book trade and specialist booksellers, PGUK also has strength in reaching diverse markets such as fashion outlets, galleries and museums".
After working with the Landlord to advise them on the refurbishment works, we are very pleased to have found a new tenant. We wish them all the best in their new office.
EG League tables are in for 2011
30th January 2012
So the results of last year are in and Richard Susskind & Company have again delivered a top performance in the Esates Gazette League tables.
We came second in City Fringe, narrowing missing the top spot by just 4,000 sq ft to DTZ with both of us having 16% of the market share.
In the London wide leagues we were again strong players, we came 14th with a 3% share of all London lettings whilst we came 11th in terms of number of disposals.
It's a real honour to perform so well alongside such big companies and gives us inspiration for the 2012 leagues.
To see our other awards, click here.
Silicon Roundabout's latest tech recruit
26th January 2012
We are delighted to announce we have completed a deal at 17 Micawber Street within seven days of going under offer. Logixal will now take the Ground Floor (1,851 Sq Ft) on a new lease of 5 years.
Moving from nearby Liverpool Street, their new property is ideally located next to Old Street's Silicon Roundabout. This means that not only has it got great transport links but it also puts Logixal right in the heart of the London tech world.
Since being championed by David Cameron, Google and some of the biggest names in IT, this area has been described as the place to be for the technology industry.
Logixal fit the bill for digital company in the area as they specialise in all aspects of converged information and communications technology.
We also have the top floor office available for sale in the same building, click here for details or call our agents on 0207 831 8311. To see what else is in the area click here.
Metropolitan Wharf's latest creative tenant
23rd January 2012
Richard Susskind & Company are pleased to announce another office letting at Metropolitan Wharf, Wapping, London, E1 on behalf on UK Real Estate, with our joint agents Pilcher Hershman. Designwerk will now occupy Unit 4.05, 2,775 Sq Ft on a five-year lease.
A leader in international branding, Designwerk create identities and subsequent branding and environments for top name clients including UEFA Champions League, BBC and a whole host of top sporting events. Moving from our home of Clerkenwell they are going to a spacious office of nearly 3,000 Sq Ft.
Metropolitan Wharf is a landmark building on the Thames. Once known for its gruesome part in pirate fates it is more recognisable as the stylish warehouse conversion and has become a top choice for creative companies. Home to fashion designers, PR companies and art printers it sits tall on the river opposite Canary Wharf. Easy access by the Overground has opened it up as fantastic office space.
Metropolitan Wharf is filling up quickly but there are still more units available, to check the availability of these click here or call Jonathan on 020 7831 8311 or via email or our joint agents Pilcher Hershman.
Britannia all the way in King's Cross
19th January 2012
Richard Susskind & Company are delighted to introduce a landmark freehold instruction, 4-26 Britannia Street, WC1. Let to Gagosian Gallery Of London LLC, the ground and first floors comprise nearly 17,000 Sq Ft. We are seeking offers in excess of £7.3 million, which reflects a net initial yield of 6% and a low capital value of £431 per sq ft assuming purchaser’s costs of 5.8%.
This iconic warehouse style building was made world famous as the Gagosian Gallery when it opened in 2004. Founded in California in the 1980’s, the company now spans the globe with branches in New York, Hong Kong, Paris and Rome. Since this it has become a key figure in shaping our contemporary art scene by investing in the likes of Hirst, Jeff Koons and Jenny Saville. Their lease is fixed until June 2018 meaning an unexpired term of circa 6.5 years.
Centrally located next to King’s Cross means that it benefits from key transport, redevelopment and improved infrastructure in the area. The building itself is extremely spacious with an impressive ceiling height of up to 5.4 metres and its warehouse aesthetic fits the gallery use well.
This is a rare opportunity to own such a prominent investment in WC1, to get in touch with our agents call 020 7831 8311.
Fashion Scout's out a new star property in Old Street
16th January 2012
Richard Susskind & Company are delighted to say we have just completed on letting Unit 9 of Zeus House, Provost Street with the help of our joint sole agent Tarn and Tarn.
Vauxhall Fashion Scout are the leading team responsible for presenting innovative and upcoming designers to the big media platforms. Their presence in the Hoxton to Shoreditch area is no coincidence as it is the place to go to be surrounded by the fashion crowd.
Unit 9 of Provost Street (780 Sq Ft) is exceptionally suited to this fashionable company. The media-style building is a sought after warehouse conversion. This means stylish wooden floors, exposed brickwork and ample space, leading to an aesthetic that suits the Old Street style.
This follows another successful letting at Zeus House of Unit 7 to Photography Courses London Ltd who took the 714 sq ft space.
To discover more properties in the area click here or get in touch with our agents on 0207 831 8311.
West End Restaurant completes
12th January 2012
We are pleased to say that Richard Susskind & Company's Retail & Leisure department have just completed on a deal for 64 St Giles High Street. Richard Susskind & Company acted for the landlord.
This A3 restaurant unit was formely known as 'Panchetto Bistro' and is prominently located on the corner of St Giles High Street and New Compton Street. This puts it right in the heart of an area known for its restaurants and means it will benefit from heavy footfall. This is set to increase with the introduction of the cross rail at Tottenham Court Road making this part of the West End more accessible.
Our Retail & Leisure department often have properties around the West End so click here for availability or call us on 0207 831 8311.
Urgent requirement for high-end salon
10th January 2012
Hena currently have five high-end salons situated in affluent London suburbs including Finchley, Mill Hill, Radlett, Kenton and Moor Park.
Established in 1993 they have built their foundations by delivering experienced and dedicated service in their beauty salons and clinics.
Now they are ready to expand their portfolio and they have the following requirement:
• A1 Use
• 1000-3000 Sq ft (Can be split level)
• Affluent London Suburbs
• Prime Central London locations such as Mayfair, Soho, Kensington and Chelsea.
Please refer all suitable opportunities to Lauren Leach or David Toubian on 020 7831 8311 or email:
Laurenleach@richardsusskind.com
Davidtoubian@richardsusskind.com
Eagerly awaited cafe requires premises
16th November 2011
Richard Susskind & Company are delighted to announce we will be working with the hotly tipped VIVO continental taste along with their joint sole agents Cushman & Wakefield.
They've been eagerly awaited by the cafe crowd for their love of good food. Described as 'Shaking up the UK’s casual eating experience” they now want a property they can thrive in.
Our Retail & Leisure department have secured the instruction to find them an A3 property to with a floor area of 1500–2500 Sq Ft.. The area itself is flexible but need a high footfall and to be in an affulent areas such as West End, The City and high-end suburbs.
If you can help to recommend a property then please refer all suitable opportunities to:
laurenleach@richardsusskind.conm
davidtoubian@richardsusskind.com
Alternatively you can call our Retail & Leisure team on 020 7831 8311.
Over 100 deals completed this year!
21st December 2011
With Christmas and the New Year just around the corner it’s time to reminisce on the deals gone by and we are pleased to say there’s over 100 of them - a total of 477,303 sq ft! This is coupled with the announcement of two more completions – an office at 55 Farringdon Road, EC1 and an A3 unit at 41 Greville Street, EC1. It's been a busy year and we're delighted with nearly half a million square foot being let or sold.
The 2nd Floor of 55 Farringdon Road has been leased to Pendomer Communications on behalf of the landlord Tri Capital. This brings us up to having completed on nine leases on this road alone showing that there is indeed an influx into this area. We suspect this interest will grow with the introduction of the Cross Rail set to make it even more accessible.
Our Retail & Leisure department has had a busy year with instructions and clients seeking acquisitions. Their reach has stretched all across London and beyond with deals as far as Essex and Hertfordshire. This time however the deal was a little more local, just around the corner in fact.
With its shop front facing out on to the vibrant Leather Lane, this unit is positioned in a prime retail spot. It has an exceptionally heavy weekday footfall due to the local businesses whilst also drawing a large crowd from Leather Lane market, famous for its clothing and food stalls. Visitors will now be treated with Japanese A3 café when it opens in the coming year.
The New Year is always a popular time for relocation so check here for our latest offices and retail & leisure units.
Clerkenwell Acquisition
13th December 2011
Richard Susskind & Co are delighted to announce the acquisition of 112-114 Goswell Road, EC1, on behalf of clients. The freehold office investment was purchased for £1.95 Million which reflects a capital value of £336 per sq ft.
The building is arranged on basement, ground and three upper floors with a total floor area of approx 5,789 sq ft. The Metropolitan Police Authority occupies the ground and basement floors and there are no future plans for occupancy.
Placed on the east side of Goswell Road at its junction with Bastwick Street positions it conveniently in-between Farringdon, Old Street and Barbican tube station. These prominent areas form a mixed atmosphere from the business edge of Farringdon to the buzz around the technological Silicon Roundabout area. This versatility of occupiers has formed a unique creative mix and rendered it highly sought after.
We have a number of other clients seeking similar investment development opportunities in and around city-fringe, please refer any future opportunities to our agents.
Black Sheep take their flock to Vine Hill
8th December 2011
Richard Susskind & Company are delighted to announce we have completed the letting of Ground and Lower Ground Floors at 13-19 Vine Hill to Black Sheep on a new 5 year lease with a 3 year break.
Stunning warehouse conversions have become a common sight around this part of Clerkenwell which is immensely popular with creatives such as Zaha Hadid, Vivian Westwood and Alexander McQueen. Now they can welcome top interior designers into the mix with interiors experts Black Sheep who have moved further into the area from Goswell Road.
Known for fitting out top hospitality spots they have created a global reputation over just ten years. Their client list speaks volumes with the Four Seasons, Hilton Hotels and Jamie Oliver’s restaurants all being counted as examples of their work. Providing a holistic design service they have made numerous restaurants and hotel glamorous and on trend.
Comprising nearly 3,000 sq ft between two floors, Vine Hill will have ample space for this expanding company. To compliment the warehouse conversion is elegant wood flooring and red steel beams, giving it a design aesthetic worthy of the interiors experts.
Fancy joining this hub of creativity? Vine Hill is now fully let but we have a range of premises in this upcoming area, all in range of Farringdon and Chancery Lane tube stations. Check here for availability.
Prime 18,300 Sq Ft Freehold Sold On Clerkenwell Green, EC1
30th November 2011
Richard Susskind and Company are delighted to announce that we have sold 2-7 Clerkenwell Green on behalf of our client, Chaumiere Ltd. The Freehold was sold to Maurice Investments for £7,050,000 reflecting a NIY of 3.95% and a capital value of £385 psf.
Positioned in a prime spot on the south side of Clerkenwell Green, the property occupies a prominent position in this unrivalled location. Only a short walk from Farringdon Station, Clerkenwell Green is now one of Central London's most sought after areas.
Jonathan Franks, who sold the building said "With rental values now hitting levels similar to the peak of 2007/8, there is increased demand for Freehold investments in the Farringdon / Clerkenwell areas. This sale is another example of investors looking to add EC1 properties to their portfolios" Richard Susskind and Company advised Chaumiere Ltd while Harris Associates advised Maurice Investments.
To see details of other properties which we are selling, click here.
Food Fight - The struggle of the independents
28th November 2011
With the London restaurant market booming there seems to be a new issue in gaining ground. As Estate Gazette's latest article points out, there is a struggle for first timers to get a foot in the restaurant's door.
Our head of Retail & Leisure, David Toubian, was asked to comment on the subject for this week's Estates Gazette. In an article entitled Food Fight he describes the problems restauranters are facing when looking for space.
"The problem is that imaginative new restaurants with financial backing, good turnover and great reviews are all very well but, in the end, landlords tend to prefer long-established covenants.A Starbucks, for example, will normally trump the most fashionable new restaurants, not because it will necessarily trade better, but because the brand will increase the capital value of the landlord's building."
David does however point out that this is not the case for all landlords, after all we get fantastic instructions from a whole host of independent outlets. Looking at our past Retail & Leisure deals shows a host of upcoming brands that have found their way into prime locations such as the new and exciting Fornata in Shaftsbury’s Kingly Street.
To see what is available currently check here.
Another new letting at “Wapping’s Magnificent” Metropolitan Wharf
18th November 2011
Richard Susskind & Company are delighted to announce that we have let Unit 406 of Metropolitan Wharf, Wapping to Paul Haslam on behalf of UK Real Estate. Its been a great week for our favourite Victorian warehouse conversion as you may have seen in this week’s press.
The Evening Standard, that distributes over 600,000 copies every weekday, published a double spread feature in their property section entitled ‘Wapping’s magnificent past is the secret to its exciting future’.
With a vibrant maritime history shaping the area, its prospects look more gentile as up until 1830, it was used as an execution dock for pirates to meet their fate. Nowadays the former tea warehouse is a listed eight storey described by ES as Wapping’s ‘finest’. The article regards the décor as ‘worthy of a Kate Moss fashion shoot’ with its stripped back fabric of exposed brickwork and cast iron columns.
Recently refurbished it has attracted an influx of new tenants. With 2,826 Sq Ft, the furniture designers Paul Haslam will have a spacious environment to fill with their bespoke designs. Known for their typically English designs, this family-run business looks now set to take their first London base. Positioned alongside other great designers thanks to the efforts of Pilcher Hershman and ourselves, Metropolitan Wharf is shaping up as hub for creativity.
There is still space in this impressive converted warehouse, to chat to our agents call on 0207 831 8311 and you can check the availability .
Going, going, gone: Three new lettings for Abbey House
16th November 2011
We are delighted to announce that on behalf on Venaglass we have just let three floors at Abbey House, 74-76 St John Street, EC1, each at 1,065 Sq Ft. Standing inbetween Farringdon Station and Clerkenwell Road it is well positioned within a vibrant working environment. With the station only a stones throw away it is easily accessible from most parts of London and this is set to improve with the introduction of the Cross Rail. With a modern exterior and newly refurbished spaces it aesthetic keeps up this great standard.
Taking the 1st Floor will be the photography company SuperStock. Collating together stock images they work alongside the media and other consumers who require photographs. Their collection differs from Royalty-Free to Rights Managed work and they have a fantastic range for fine art and vintage styles.
Also moving in will be the construction cost consultants GB Fitzsimon who will take the 2nd floor. They’ve built a company over 20 years by making great property choices, although more usually it’s through project management and building surveying, this move most definitely shows off their taste.
Shen Milsom & Wilke will take the 3rd Floor, they are a global firm that specialise in a range of technical schemes ranging from Acoustics, Data Centre Planning, Room Design and a whole plethora of other projects. Spanning across the globe they have completed major developments that transformed the functionality of spaces from New York to Hong Kong.
Although half of the building has now been let we still have around 4,000 sq ft of space available. Check here for availability or call 020 7831 8311 for inspection.
Architects build home in Metropolitan Wharf
9th November 2011
Richard Susskind & Company are delighted to announce that we have let unit 401 Metropolitan Wharf to architects Manolo and White. With stunning riverside views and a prominent location, Metropolitan Wharf has attracted an impressive list of tenants such as Hawksmoor, Lazarides Gallery and E. Tautz menswear. The capture of Manolo and White follows on from last week’s letting of unit 301, to City Wine Traders, through our joint agents Pilcher Hershman.
Metropolitan Wharf, Wapping is an iconic eight storey grade II listed Victorian building. With raw spaces of exposed brickwork and beams the spaces are focused on the beauty of its original materials. The building’s rich history has been strongly influenced by its position next to the Thames, it was even used as an execution dock with pirates and criminals all meeting their fate here. Nowadays it has a more gentile atmosphere with a reputation for riverside pubs and creative industries taking space in warehouse conversions.
Joining these creative types are Manolo and White who have taken a lease on Unit 301(1,323 sq ft). These architects have made a name for themselves by restoring old buildings to their former glory. They’ve won such honours as The Campaign To Preserve Rural England award for their projects that ‘protect and enhance the beauty, tranquillity and diversity of the English countryside.’ With this in mind it seems fitting then that they would pick Metropolitan Wharf for their headquarters.
Taking Unit 401 (1,339 sq ft) is the City Wine Traders who built up a strong reputation as advisors for the investment wine market. We hear on the grapevine that they pride themselves on finding the right wine portfolio for their clients. They aim to deliver in the medium to long term by looking at the grading and opinion that makes or breaks a wine and making predictions for the wines longevity.
Although having leased much of the space, we still have opportunities in the building. Check here for availability or ring our agents on 020 7831 8311.
The latest offerings from Shoreditch
26th October 2011
Richard Susskind & Company are pleased to show off our latest instructions in Old Street and Shoreditch.
85 Paul Street (nearly 8,000 sq ft) is perfectly placed just next to Old Street Roundabout., an area that is dubbed as 'Silicon Roundabout' due to its similarities to the US tech city Silicon Valley. With easy transport links and a unparalleled culture it has became a real focal point for many of our city’s biggest innovations.
The style of the building fits into this theme making it perfect for a media agency. This kind of warehouse conversion is highly sought after for its open style space and stylish features. This is particularly true in the case of Paul Street with its characteristic beams. The lease is by arrangement for £28.50 per Sq Ft exclusive although it may be possible to buy outright.
The second new instruction nearby in Hoxton Square. With over 10,000 Sq Ft this property has big potential and again it is possible to either let or buy outright. With direct views of the leafy square and plentiful culture such as the White Cube Gallery on its doorstep, Hoxton Square has become one of the most prominent addresses in the area. This is a rare opportunity to join this sought after area which became famous for it’s art and media.
Our agents would be happy to show you round either property, get in touch by calling 0207 831 8311.
Hot off the press: Building of the week
26th October 2011
Great news on our latest Shoreditch instructions as they make page 7 of the reknowned Estates Gazette and described as 'Building of the Week'.
The article entitled 'EastEnders worth watching' talks of two of our latest properties 141-145 Curtain Road and 131-132 Shoreditch High Street. Both are prime locations in the ever-popular Shoreditch district and with a combined square foot of over 12,000 we are seriously excited for their future.
These spaces combine both Retail and Office opportunities, get in touch on 0207 831 8311.
Flying high in the London Charts
24th October 2011
What a result for the latest performance charts!
Richard Susskind & Company are often seen as one of the best City Fringe perfomers but now we have the honour of being in the top 10 of London itself.
As seen in this week's Estate Gazette we have come 9th place in Central London Letting Agents League Tables. A similarly good result was seen in the Central London Agent Share by Number of Disposals as we gained the 14th position.
Want to know the deals that won it? Have a look at our deals collection or scroll down for a more detailed view. Stay in touch with our latest deals and news by emailing 'mailing list' here.
Paris, New York, Shoreditch
Reports of Shoreditch’s growth have been plentiful in recent years but now there’s new thought that the East London area is now set to blossom into luxury.
The Reuters article entitled ‘Bleak to Chic’ describes Shoreditch’s move towards high-end fashion reminiscent of Bond St and the like. This observation comes as luxury fashion houses such as Christian Louboutin, Vivienne Westwood and Ralph Lauren are all setting their sights on local retail space.
Luring these prominent fashion rulers is the possibility to “capitalise on its edgy image, lower rents and increasingly affluent population.” They’re not the only ones to see the value of the edgy district. Google is among other technology companies to react to the government’s call for a Tech City dubbed Silicon Roundabout.
Reuters have picked up on a lot although it does somewhat feel outdated. The article describes Shoreditch as “best known for gloomy-looking industrial buildings and high crime rates” whereas in fact its status for being the hub of London’s art and media scene has been the predominant feature for years.
Our experience of Shoreditch has seen increasing interest from retailers. We often have premises in the area to check back with Retail & Leisure to see our current instructions.
To read the article in full click here.
Foriegn Investors snap up W1
18th October 2011
The Times are reporting a huge increase in foriegn buyers in West End retail units.
Using research collected by Savills they claim there has been a 57% decrease in the amount of British/Irish owners of shop units in W1, with the figure falling from 96% to 39% in just five years. This takes into account Bond St, Oxford Street and surrounding high-end retail spaces.
The Times goes on to suggest it's the West Ends blue chip status that attracts foriegn buyers. Seen as safe bets, these properties are contining to be snapped up by people that seeing a steady return on investment when selling later on.
Green light for stunning Shoreditch scheme
6th October 2011
Richard Susskind & Company are delighted to announce that we have been appointed as sole agents for one of Shoreditch's most exciting schemes. Our client, a private investor has been granted planning permission for a 15,000 sq ft commercial development at 141 Curtain Road, EC2.
Designed by local architects Duggan Morris Architects, the planning application was approved recently and means that work can now begin on this impressive project.
The scheme retains a three storey brick building fronting onto Curtain Road, crowned by a three storey lightweight contemporary extension designed to complement the street morphology and embrace the changes in height and indents in the street pattern. The scheme is planned to commence on site during the autumn of 2011, with completion forecast for late 2012.
Shoreditch has had a rich and varied history and now it's shaping up keep up its strong reputation for innovation. To see what we currently have in the area click here.
Urgent Requirement for Top Sushi Restaurant
5th October 2011
Having made a name for themselves in prime areas such as Borough Market, Kensington and Fulham, our clients Feng Sushi are now looking to continue this trend with another A1 or A3 property.
Looking for a minimum of 1000 Sq Ft in affluent London suburbs including:
Islington Mayfair
Knightsbridge St Johns Wood
Covent Garden Hampstead
Notting Hill Richmond
Please refer all suitable opportunities to retained agents Lauren Leach or David Toubian:
laurenleach@richardsusskind.com
davidtoubian@richardsusskind.com
0207 831 8311
There's Lots of Technology 'Roundabout Here
30th September 2011
"Silicon roundabout, the cluster of technology companies around the Old Street junction - is fast becoming a serious force in the social networking world"
Confirming what we already knew, The Evening Standard have put out a piece that describes this area as the new Tech City. It's been a strong trend over the last few years and with Google's move it now seems cemented as the capital's hub of technology.
Are you wanting to join the move? Here's our available properties in the area.
Publishing Giant Secures London Headquarters
27th September 2011
Richard Susskind & Company are delighted to announce that we have let the Ground Floor at Northburgh House comprising 4,815 sq ft.
Part of Bonnier Sweden, a $5 billion dollar media organisation, Bonnier Publishing have signed the lease for their new Clerkenwell office from East City Investments. This stunning converted warehouse has been refurbished to a high standard.
This highlights the tendency of media companies choosing this area for their headquarters. We continue to witness a sharp increase in advertising, publishing agencies and creative industries such as designers and architects moving into the area in recent years.
Our latest recruit is no exception, Bonnier Publishing Ltd are leading figures in publishing, they’ve been going since 1804 and have grown from a small book store to a global media company comprising of 175 smaller companies. Now they are on their way to EC1 to continue their expansion in Europe and needed a building as impressive as their reputation and we were delighted to assist.
The building fits the media company’s persona. With nearly 5,000 sq ft of exposed sandblasted brickwork and timber flooring Northburgh House is a large well designed space that is exemplary of the Clerkenwell style of characterful warehouse conversions and we are confident that they will settle in perfectly.
Letting people know
23rd September 2011
With London Design Week in the forefront of the Clerkenwell mindset it feels right that we show off some of our most elegant properties.
Goswell Road's striking entance as seen Derwent's leaflet makes for a good indication of the buildings style. With over 7,000 sq ft of self contained office space it is a spacious building in the heart of a much-loved area.
Nearer to the bejewelled Hatton Garden is the desirable 6-7 St Cross St. This is a flexible building in terms of size as it ranges from 1,991-10,225 sq ft. As well as being decorated with impeccable taste it also has the convenience of the area. Easily accessible by tube or train and with more surrounding cafes than you could ever sample, the location is a major benefit for this space.
To arrange a viewing or find our more information on there properties call 020 7831 8311 to speak to the agents.
The apple never falls far from the Pear Tree
21st September 2011
We are pleased to announce that we have agreed a lease for 2 Pear Tree Court on behalf of LaSalle Investment Management. Euromonitor International Ltd will now take the entire 14,020 sq ft Clerkenwell building.
Following a comprehensive refurbishment designed by renowned architects Buckley Gray Yeoman, the building is now one of the most impressive loft-style buildings in EC1. BGY ensured that this converted warehouse would benefit from the highest quality finishes, whilst retaining the stunning original features of the building.
Pear Tree Court’s attraction lies in its design. With two roof terraces, skylights, cast iron columns and the original exposed brickwork, the office space really makes good use of the open plan space. The reception is no less stylish, home to oak timber floors and with a Mazorati Rochetti acid washed steel desk, the entrance has a striking look. With spacious layouts we are sure Euromonitor will fit in well.
They are the world leaders in strategy research for consumer markets. By providing essential information to clients in over 80 countries, they have built up a strong reputation. Their work consists of delivering detailed analysis of trends in the market and with this they have helped many businesses stay on top.
On the subject of trends, there has been an ongoing tendency in businesses picking this part of Clerkenwell. After all, its great transport links through Farringdon and vibrant personality make for a very desirable working environment. Euromonitor are no strangers to the area, moving just from nearby Britton Street.
For more info on Buckley Gray Yeoman's work, take a look at their website.
Little Shop, Big Prospects
20th September 2011
We are delighted to announce that our Retail & Leisure team have secured a lease on
Tottenham Court Road for the grocery giant Waitrose.
UK’s foremost upmarket grocer has started the expansion which will see an increase in stores of over 400 premises by 2017. We will see the introduction of the ‘Little Waitrose’ as a step into the world of convenience stores. This will mean big turnover and huge opportunities for the already established retailer.
They say good things come in small packages and this old adage seems to have been proved correct by Waitrose’s acquisition on Tottenham Court Road. With only 10,000 sq ft the premises the store is less space heavy than the others but will still have the room to hold all the things needed day to day. This has been a strong trend amongst their competitors so it’s great that Waitrose have finally taken the leap into this market.
After a massively successful trial run in Kensington, Waitrose has now set its sights on the West End. Perfectly located in the ever-busy Tottenham Court Road, it will cater for the thousands that work and travel in the area everyday. Footfall is only going to increase the introduction of the Crossrail into the street’s station.
To see what else our talented Retail & Leisure team are up to click here.
Merchants Sold
19th September 2011
We are pleased to announce the sale of The Merchants Hall, Essex Road, N1. The building has been purchased by Bean Industries Ltd, a Hong Kong based company, a substantial refurbishment programme is planned to commence immediately. The purchaser was represented by Forbes Day Ltd.
Comprising approximately 11,000 sq ft this landmark building has huge scope for redevelopment. It’s exciting to think what will be the buildings future as it has had an important past. Since first opening as the district post office it has had a range of uses including both cinemas as the Coronet and the Blue Hall, then it was home to a theatre and afterwards it was an antiques showroom up until the 1990s. These uses demand large open plan spaces and The Merchants Hall certainly has this, with 25 ft high ceilings it made for a very sizeable space. With such a rich history that put it straight into the structure of the community it will be interesting to see what’s next for this classic building.
To see our other investment properties click here.
Moor-ning Coffee
16th September 2011
Coffee lovers rejoice. There will now be real quality of choice for your morning latte in Moorgate. We are pleased to announce that coffee retailer Caffè Nero will be opening up at Unit 5, 137 Moorgate.
Caffè Nero are a real success story, it seems incredible that such an established company started in just 1997, now they have 400 stores, 3000 employees and one of the biggest names in the business. Their success lies in ensuring their linchpin of their business remains coffee. They have the authentic Italian edge over their competitors and this had made a loyal crowd of devotees.
Now it’s turn for the Moorgate commuters to get the Italian taste. With heavy footfall thanks the Underground this location is a prime retail opportunity. The 312 sq ft building itself has been lovingly transformed by the retailer. Formerly a K Xpress, it has been revamped with Caffe Nero’s signature blue style and wooden fittings, a much-welcomed improvement from the otherwise drab morning rush hour.
To see what else our Retail & Leisure department are up to click here.
Autumnal Offerings
15th September 2011
Change is in the air in September – in our instructions as well as the weather. We have two new offices to market, the remarkable Provost Street (721 Sq Ft) and New House (1,104 Sq Ft).
Media and design businesses would make the perfect match for Provost street. Giving a good impression to clients is highly important when you’re in the design world and a stylish warehouse conversion always makes a good start. Plus the ground floor has huge windows which has great opportunities for branding your business.
For those that have known us a while you’ll remember that our previous HQ was at New House and now it brings us great pleasure to have been instructed with the Sixth Floor. With a full refurbishment that included major changes in flooring and paintwork this is a new look for New House. It has city-high views that we can certainly recommend, not to mention that it’s right in the heart of the much-loved Hatton Garden.
Like the look of these great properties? Call our agents on 020 7831 8311
Laser is Key to Digital Age in Clerkenwell
1st September 2011
We are delighted to say we have successfully let the 2nd floor of Laser House, Goswell Road, Clerkenwell (3,217sq ft) to the digital designers Tobias & Tobias on the basis of a 5 year lease.
Focusing on great design is precedent for Tobais & Tobias and they’ll certainly find it up to standard at Laser House. With a recently refurbished reception that is furnished with a striking luminescent desk, it definitely fits the design brief in terms of style. This continues upstairs with an office that is all white walls and brand new floors, completely fitting for a company that is as full of fresh ideas as Tobias & Tobias.
They deliver high quality digital products such as systems, applications, software and websites to top name clients such as the NHS, Image Source, ELC and Southern Rail. We are sure they will excel in this increasingly digital area.
Laser House has been to quick to fill but we still have one more space available with the 2871 sq. ft. 2nd Floor (Rear) Unit. There are a lot of options in this area, to see what else is going on check here.
Travel Agents Settle Down
30th August 2011
We are delighted to announce that we have successfully leased the 1st Floor of 36-37 Furnival Street to the travel experts Wimdu.
They specialise in providing hot holiday property for their customers so it’s understandable that they need one of their own – with this in mind, Furnival Street makes a great choice. With a modern décor, it makes for a great working environment for the group.
Wimdu work by matching up guests and hosts for holiday swaps. This means there’s always a lot of choice for those who enjoy more than the standard package holiday. The charm of Windu’s properties is that they tend to blur the line between homely and luxurious and this culminates in a comfortable holiday home.
Its location in the area between Holborn and Farringdon puts it in an environment that is as metropolitan as the neighbouring City district. To see what else we have in this increasingly dynamic area click here.
The IT crowd gets its latest recruit
26th August 2011
We are pleased to say that the lease has now been completed for the Fourth Floor at Kemp House 152-160 City Road. The new tenants will be the Finnish online marketing company Timgu Ltd where they will take the 1,533 sq. ft. space of Unit 4.1.
This part of Old St has become synonymous with technological advances. As discussed Silicon Roundabout: Old Street ‘The heart of a new Tech City’ this area has been a big attraction for digital media companies and it looks like Timgu are no exception.
They too are part of the digital revolution and have been busy helping other companies get in on it too. In their own words,
‘Online marketing is constantly evolving. With Timgu you stay ahead of the game with all the latest trends and opportunities.’
Within this ever-growing sector it is hugely important to keep up with the industry and that is part of the charm of Silicon Roundabout. Local businesses were formed with the tech crowd in mind and therefore cater for them with cafes, bars and restaurants. This has created great venues to network and share ideas in as many of the local crowd are in the same industry. It’s certainly an important factor for Tingu’s choice of location as they said they ‘wanted to be a part of the digital revolution happening around us’.
Fancy becoming their neighbours? We are currently taking enquiries for Unit 4.2 so contact Jonathan on 020 7831 8311 or see what else we have in the area.
Time to show off
26th August 2011
Here at Richard Susskind & Company we get instructed with truly great properties. Every now and then we feel the need to showcase these.
This week it’s the turn of the gems that are 13-16 Vine Hill and 250 Goswell Road.
If you’d like to see them in the flesh then give our agents a ring on 020 7831 8311.
Good Result for Metropolitan Wharf
23rd August 2011
We are delighted to announce that we have leased Unit 101 of Metropolitan Wharf to Good Results Public Relations Ltd for a period of 5 years.
As an integrated communications agency they deal with client’s branding in terms of PR, Advertising, Media Buying & Planning and Media Representation. This varied use of the communication tunnels creates a clear message that helps consumers be sure of the company. This has had not only good results but great ones with their clients that include fashion’s elite such as Balmain, Pure London and London Fashion week.
They’ll be in good company in Metropolitan Wharf as their neighbours include highly respected fashion designers such as the coveted E-Tautz. With Metropolitan Wharf beginning to fill up it is starting to take shape as a hub of creativity. This just proves that the East has still got the overtly embellished crown when it comes to high style stakes.
Speaking of style, it is easy to see why they are drawn to Wapping grand Victorian warehouse. It is home to an impressive reception that includes a monumental brass desk, whilst the offices themselves are huge columned spaces with views out on the Thames and to the City.
Feel inspired to make the move? Check here for availability.
Hawksmoor turn their hawks eye to property
19th August 2011
In brings us great pleasure to announce yet another successful lease for Metropolitan Wharf. The renowned restaurant business will set up its office in Unit 4.02 of the grand Victorian warehouse.
Hawksmoor have been expanding rapidly since their introduction and are now described as one of the best on the scene. It’s unfortunate for the building that it will be home to their office not restaurant as their steak is regarded by some as London’s finest.
With gigantic beams and exposed brickwork, Metropolitan Wharf is more idiosyncratic then virtually anything else on the market. This is doubled by the sheer amount of space within this building - in this unit alone there is 2,756 sq ft. Sitting just on the water and rich in history, this building makes the perfect space to be inspired.
There’s still space left at this distinctive building so keep checking on its progress on our website or ring us on 020 7831 8311.
The Martians have landed
19th August 2011
We are delighted to announce that the 5th floor of BSG House, 230 City Road has been leased to the world famous American company Mars USA.
For four years in a row, Mars USA have rose sky high to top the charts in The Hub’s annual ranking for consumer excellence. They’ve done this through pioneering techniques in discovering more about people and their shopping habits.
Since its beginnings 35 years ago, its shopper-centric method has allowed Mars to become one of the most highly respected names in the industry. With a huge catalogue of happy clients, it has stretched out from the USA and will boost the UK’s economy. After all, teaching shops how to boost sales whilst increase consumer satisfaction has to be a mutually beneficial situation. As they say themselves,
‘When the science of delight and the romance of strategy rub together, a spark is made, and a shopper's senses come to life. As Martians, we are fanatical about that moment.’
As fanatical about property as they are about ‘that moment’, we feel we have shopped around for their perfect new base. With a Victorian warehouse style building it is hard not to fall for the building, with such a unique style of light, spacious rooms that have been recently refurbished it is easy to see why they fell for its charms.
Want to join them in relocating? Have a look at our latest properties.
Well worth the wait
17th August 2011
The phone lines are in, computers turned on and the photocopier is at the ready. This can only mean that we have fully settled into our new home.
After a relatively stress free move it was time to say a nearly-tearful goodbye to the old New House. After twenty-two years there it was time for a change and we are very happy with our new surroundings.
With a working environment it is important to create a space you can be proud to bring clients to, and we most certainly have achieved in this.
When we first acquired Minerva House it was in its early stages of development. We've proved with this that it is possible to take a space and really make it your own.
Fancy becoming our neighbours in Hatton Garden? We recommended these great places
No hassle for Hassell
15th August 2011
We are delighted to announce that Hassell Architects have taken out a lease with Richard Susskind & Company on behalf of Derwent Valley Property Developments. They will now be the occupiers of the second floor of Morelands, 17-21 Old Street, EC1.
With 1, 363 Sq. Ft. of prime office space there will be no hassle in sizing up the space for these experienced architects. In their own words,
‘We combine expertise in architecture, interior design, landscape architecture and planning with integrated sustainability and urban design capabilities.’
We are confident therefore that they will utilise their new space wisely in order to create a base that shares their aesthetic ideals.
Their choice of Old Street mirrors thousands of other creatives who have taken the leap into this area. Artists, musicians and more recently a swarm of digital media crowd have seemingly taken over the area. This population really adds to the varied input that you can see in the street itself, from street art, architecture and ‘well-to-do’ graffiti, this area makes a big point about its arty side, this makes a great environment for a creative agency such as Hassell Architects. To see what else is available in the area, click here.
The day before the big move.
10th August 2011
Excitement is mounting in the office as we prepare to make our biggest - and only - move in 22 years.
Moving our roots in the Hatton garden has been a big decision, after all we've grown pretty attached to our old base in New House.
However, with the decoration complete it now needs only the finishing touches of the furniture to make us feel at home, that and our supply of tea and coffee, so we are confident that we can adapt to our new, more aesthetic and spacious surroundings.
Catch back next week to when we should have settled in nicely.
Minerva House, a masterpiece in the making
3rd August 2011
With the floors down and the paintwork nearly done, finishing touches are being made to our new offices down the road.
On a day like today where the temperature is soaring, it's a relief to know that our new air conditioning has been put in and works perfectely.
Now it's time for the eagerly awaited furnishings that will complete the dream so check back soon!
Moving upstream to River House
3rd August 2011
We are delighted to announce our latest lease of River House to Codilink on behalf of Zurich Assurance and Threadneedle Investments. They will now take the 4th floor, 1,758 sq. ft., at 143-145 Farringdon Road. They are no strangers to the area as they are moving from nearby Kirby St.
Media based industries have been thriving in Farringdon’s recent years and Codalink is no exception. They have revolutionised companies’ promotional campaigns, with big names such as The Sun, Starbucks and Nestle all being counted as clients. Their approach is to gain loyal customers through digital loyalty techniques such as vouchers and gift cards.
Recently refurbished with a modern reception, River House will make a great space for such a contemporary company. Digital media really suits clean cut atmospheres and inspiring environments so they with this property they will be well equipped to take the digital world by storm, we wish them lots of success in their new home.
We still have the 3rd floor of River House available; check here for its progress.
New youthful tenants for rejuvenated area.
2nd August 2011
We are happy to announce that Sun Chlorella Company will become the new tenants of 45-47 Clerkenwell Green having leased it on behalf on Robert Hale Ltd. They will now occupy the Ground Floor and Ground Floor Rear of the Clerkenwell, 1392 sq. ft
With a contemporary design and fresh paintwork it will make the perfect match for the skincare company that keeps people looking rejuvenated.
It's good news for the perpetually youthful Clerkenwell crowd is that the globally recognised masters of Chlorella have stretched out from their Japanese roots to become their neighbours.
Since 1969, Sun Chlorella Corporation has been the world’s experts on the benefits of chlorella for your skin. They’ve helped transform tired looking skin through their natural beauty remedies.
Sun Chlorella Corporation has chosen well with this part of Clerkenwell. They are surrounded by the idyllic green, close to the picturesque churchyard and right next to the lunchtime staple that is the beloved Exmouth market. This area has such a real buzz about it, with international food stalls and the Spa Fields acting as the perfect meet up for local residents and office staff.
To see what else is going on in this much-loved area, click here.
Beyond Retro is moving forward
29th July 2011
Vintage fans will be excited to hear of our newest lease as Beyond Retro have taken up prime retail space in the area-du-jour, Stoke Newington. Room will be plentiful with a spacious 10,000 Sq. Ft. to be dedicated to the clothing that spans multiple eras.
Adored by creative types and championed by fashion’s finest such as Alexa Chung, Paloma Faith and Marina Diamandis. This has helped Beyond Retro has become the keystone in clothing for the London, Brighton and Sweden’s cool crowds over the years.
It’s hard to believe that the UK’s leader in vintage only came to our shores in 2002. With live bands, in-store art exhibitions and of course a great selection of unique items, they have built up their reputation exceptionally quickly.
Beyond Retro will feel right at home as many of its East End friends have already made the move further up Kingsland road. Affectionately known to locals as ‘Stokey’, the area has been increasingly on the up for artists, writers and the like. Residents and visitors are coming across a whole host of opportunities as it’s full of great cuisine and live music including some of the best independent cafes in London.
To see what else we have in Retail & leisure click here.
The countdown is on!
29th July 2011
With only a week to go we are starting to see some real changes down at Minerva House.
So far we are eagerly awaiting the flooring which will make a major difference to the space.
The storage space is beginning to take shape with the first wooden beams being placed near the windows to create boxes for all our files.
Our current office’s atmosphere is definitely of excitement as we plan to move down Hatton Garden.
There’s also a lot going on in this area so have a look at our Farringdon and Clerkenwell properties.
Deal is all tied up in Shoreditch
28th July 2011
We have completed legal formalities on the sale of 76 East Road, Shoreditch N1 which is an island site close to Old Street Roundabout.
On behalf of Lewis Day Transport PLC, we sold the Freehold for £7.1m. Drakes will now be the occupiers of this grand building.
Drakes’ history begun in just 1977 when Michael Drake, Jeremy Hull and Isabel Dickson kick started the company that was soon to be prized with the ‘Queen’s Award for Export’ along with many other notable accolades.
With a tagline that states ‘Luxury is the comprehension of quality’ they specialise in men’s quality scarves, ties and handkerchiefs. With this they have been flying the silk flag for English fashion ever since their creation.
They’ll fit in well with their trendy Shoreditch neighbours, in more recent years they have matured in style from their grunge beginnings and now favour the classically tailored English style that Drakes is renowned for.
Associate Director at Richard Susskind & Company, Jonathan Franks, who sold the building, says, “This is another example of a great occupier moving to Shoreditch. Not only does it give them an opportunity to consolidate their operations for both office and warehouse space, but it also gives them a solid investment in one of Central London’s most sought after areas.”
We wish Drakes well in their impressive Headquarter building, which they can now call their home.
Progress: One paint stroke at a time
26th July 2011
News from the new office at Minerva House is that it is well on it's way to becoming fit for a top commercial property agent.
An extra wall has created the perfect space for a comms room whilst general replastering and modernising is giving it the perfect contemporary feel.
Plus we've just got the plans for the new look desks that will help keep our talented reception team happy and stylish.
Next post will be up in a few days so keep an eye on the progress through the Richard Susskind & Company website.
Riding high in the property charts
26th July 2011
Results are in as Estates Gazette has published their latest figures for London's commercial property leagues.
It's good to see that we are still right up there with the highest performers in London in the categories of ‘Central London letting agent’ and ‘Agent share by number of disposal leagues’.
Even more exciting is the news that we only narrowly missing out on the top spot for City Fringe by as little as 700 Sq. Ft.
Estates Gazette is a very significant body as it is Europe’s oldest magazine that is still running today. First published in 1858, its longevity correlates with the fact it is one of the most trusted names in property.
The article announcing these awards can be seen in our press section along with other notable accolades and mentions.
Let the work commence!
22nd July 2011
We're excited to see that work has started on the revamp of our new office at Minerva House.
Base interiors have begun the refurb that will transform the space into a commercial property haven. With great space and light to work with, we are sure that this is going to be a real gem in Hatton Garden.
Over the coming weeks these photographs will be updated so come check back to see the progress!
Hot Property for a Cool Customer
21st July 2011
On behalf of our client Threadneedle we are pleased to announce that Zip Heaters have taken out a lease on Clover House, Farringdon Road.
Zip Hydrotaps have been the futuristic office essential since the 1980’s, providing both chilled and boiling water to millions. With customers that span from the UK, China, Australia and beyond, they have even infiltrated their filtered water into number 10 Downing Street.
Winning idea aside, it seems that their real asset is the sheer efficiency of their product. Saving on financial and environmental costs is very important and Zip’s water system uses less energy than a 50 watt light bulb. Bottled water is a key factor to global warming as it generates wasted power and resources so it’s great to have an alternative. Zip Hydrotaps that create instant hot water also help reserve staff hours as less is used in downtime when making tea and coffee.
Now this eco-friendly company are Clerkenwell residents at Clover House. This 4,421 Sq. Ft. premises is set between Farringdon and Chancery Lane. The loft-style office conversion with galvanised steel creates an environment that is as modern as their product. Exemplary of the type of property that Clerkenwell is defined on, there is a lot going on in this area.
The Jewel in the Crown
19th July 2011
We are delighted to welcome Weston Beamor to the Hatton Garden neighbourhood as we have recently secured them a ten year lease on 26-29 St Cross Street for £28.50 sq ft.
Widely recognised as the Diamond Quarter of London and located between Farringdon and Chancery Lane, Hatton Garden and its surroundings have played a central role in London’s jewel trade for over 150 years. This really is the go to place for all that glitters and shines so it makes great sense that Weston Beamor have chosen it as their London base.
Originally from Birmingham, they set up trade in 1947 and have made a name for themselves in bespoke jewellery and rapid prototyping. Now set for expansion into London, this company is ready to continue dazzling its customers on an even higher level.
This versatile office space will make a great home for one of the most respected names in jewellery as it’s as bespoke as their own works. It’s exactly this kind of well-lit, spacious area that makes it a shining example of what the Farringdon and Clerkenwell area has to offer.
Sealing the deal
15th July 2011
We are very pleased to announce we have completed a lease on the 2nd floor of New Penderel House which will bring undisclosed accountants to the building.
The building sits just on the south side of High Holborn opposite Red Lion Street and Mid City Place, therefore equidistant between Holborn and Chancery Lane Stations. Views across the prestigious and historic Lincolns Inn can be seen from the rear, even more exciting when you consider that this means there’s the largest public square in London right next door. Idyllic in summer and with more than enough cafes to hide in during winter!
Holborn and Chancery Lane are massively popular with businesses, with large organisations such as Sainsburys having there roots there. There’s lots of room for new businesses though in great properties such as these.
Good times around The Corner
14th July 2011
We are pleased to announce that RBS Pension Trustees Ltd c/o Standard Life Investments have sold The Corner on Farringdon Road for £9,750,000.
Northern Ireland Local Government Officers Superannuation Committee C/O Lasalle Investment Management are the new owners of this substantial building.
With 18,608 sq ft of office space this property holds massive opportunities. Where better to invest than in the up-and-coming Farringdon. As seen here, this area is set to boom after the introduction of the cross rail that make the area a travel hot-spot.
With chilled beam air conditioning, a contemporary décor and under the floor heating, this property will make for a more than comfortable home for this business.
We always have loads to choose from in this area (It being the home of choice for ourselves!) so come take a look at what’s going on at the moment.
Richard Susskind & Co, Michael Elliott and Cortex Partners were the parties involved.
How to be flexible without stretching the bank
14th July 2011
We are thrilled to say Image Data.com, one of the UK’s foremost image portals, have just leased the 1st floor south of Kirby St. This only leaves the 1st floor north and 3rd floor as the last remaining spaces in the building that we will let on behalf of Aberdeen Investment Management.
This building is a real gem as it works perfectly for businesses testing out either a change in size or area. Due to the upcoming re-development on which we will be advising on, if you take on a lease here it will be flexible with mutual break clauses in December 2011. This is therefore a rare chance for businesses to test the water in the property market.
Kirby Street is perfectly located between Farringdon and Chancery Lane. With plentiful cafés and market shops such as Leather Lane, it makes for a great working environment between the City and West End. To see the building itself click here or to browse more offices in the area click here.
Read all about it... Or just come ask us!
12th July 2011
Well, what can we say? We’ve been telling everyone for years that Farringdon’s a property hotspot and now it seems everyone’s caught the fever, as shown by Estate Gazette’s glowing article.
Traditionally seen as more of a fringe London market, therefore off the radar for many institutions, however, times are changing rapidly. This effect started when digital media and fashion companies such as Alexander McQueen and Agent Provocateur picked up on the great warehouse spaces available in the area.
With the travel revamp of Crossrail from 2018, Farringdon looks set to become London’s busiest interchange, even rivalling the likes of Kings Cross and London Bridge. With 150,000 people passing through everyday, the area will be a buzz of business ready to cater for the influx.
Estate Gazette consulted our own expert on the matter, Ashely Goodman, who said,
‘The whole Crossrail story is gathering momentum, and given the level of demand, there is real potential over the new few years for developers able to deliver quality space’
In their article, Estates Gazette claim prices could rise to over £50psf so it’s a great time to snap up some great opportunities as they are.
From Silcon Valley to Silicon Roundabout
7th July 2011
On behalf of Derwent London, Richard Susskind & Company are delighted to announce that the entire City Road Estate is now 100% full! Alongside our joint agent Dron and Wright, we are very happy to have a full house on Old Street roundabout.
Following on from the recent successful lettings to tenants Editd, Domain Group and BCHF (UK), the last 6,935 sq ft has just been let to Huddle, a renowned IT company set up in San Francisco.
Used by over 85,000 businesses from 180 countries and counting, Huddle will form an integral part of an area known for it’s innovative new technology. This kind of dynamic business is definitely a good fit for the area recently dubbed ‘Silicon Roundabout’
Although this one was snapped up, there’s still a whole world of opportunity in this area such as these properties.
Contracts Now Exchanged on Shoreditch Island Site!
7th July 2011
We are pleased to announce that we have exchanged contracts on 76 East Road. This 37,000 sq ft freehold close to Old Street Roundabout is comprised of lower ground, ground and four upper floors and has stunning views of the City and beyond.
The purchaser is a prestigious international clothing company and we are sure they will be very happy in their new premises. Combining their operations near fashionable Whitecross Street and in SE1, they now have a gleaming Headquarter building to call home.
For details of this, and other Freeholds which we are selling, click here http://bit.ly/nQFs5E
We bet they'll love this top prize!
7th July 2011
We are delighted to announce that we have leased both units of the top floor of Scriptor Court to Gambling Insight Ltd.
With 2,142 sq ft, this stunning warehouse conversion has top floor views that stretch all across London. Perfectly situated close to Farringdon and Chancery Lane it’s central location benefits from some of the best transport links in London.
Gambling Insight Ltd has made a name for itself as being the go to resource for updates and thoughts on all betting pursuits. They really have hit the jackpot by securing this property with superb natural light, although we can’t say the same for their dimly lit casino friends!
The competition spices up in retail and leisure
4th July 2011
Covent Garden was the place to be this June at The EG and Davis Coffer Lyon’s 13th Property Chef competition where ten teams battled it out to be crowned the winner of Property Chef.
Dishoom in St Martin’s Courtyard, one of London’s most prestigious Indian restaurants, provided the stage for the culinary competition.
Taking on nine other entries were our leisure agents Lauren Leach and David Toubian. They battled through a cooking, quiz and cocktail-making round before being narrowly beaten to the chance to cook up a storm in the final.
Congratulations to the overall winners Charles Cohen and Salvatore Di Natale and a big thank you to Dishoom for all their hospitality. Have a look at the video to see their work in action…
Well, that went swimmingly...
1st July 2011
We are delighted to announce that Firefish have recently leased the ground and first floors of 15 Worship Street, EC2, with help from Allsop and ourselves as agents of the City of London.
We are excited to welcome them to the building, where they will be joining other tenants Toptable and EU Networks following the recent lettings.
Started in 2000, and growing rapidly, Firefish has swum upstream to become the largest independent qualitative research company in the UK.
With a reputation of developing some of the most iconic adverts of recent years, it only seems fitting that there offices should be up to scratch.
With an ample space of 40,900sq ft and great light sources, this characterful warehouse conversion between City & Shoreditch will provide a great creative space for all their hard work.
For space nearby, check out The Old Dairy. Details here: http://bit.ly/iNRnIS
E. Tautz choose Metropolitan Wharf for AW'11
1st July 2011
After winning the Menswear category in the British Fashion awards, it’s clear to see these guys have style. Equally so, in their taste for property it seems, as they've just leased Unit 2.06 at the eye-catching Metropolitan Wharf (2,762 sq. ft.).
With strong use of original materials, beautifully exposed brickwork and the dazzling riverside views of Canary Wharf, the open-plan studios will make the perfect aesthetic inspiration for the tailors.
Kept to taste by architects Hawkins Brown, the Grade II Listed warehouse will make for a rare and unique working environment for E. Tautz, the clotheswear company that’s stocked by the likes of Harrods and Selfridges.
With its stunning riverside views from the Thames, easy access to Wapping Station and unique space, they really have chosen the perfect ensemble.
At £15.00 per square foot, this affordable space is still available.
(Box) Office Hit
1st July 2011
We are excited to announce Pixomondo have just leased the ground and lower ground floor at 1-2 Domingo St, EC1.
With high ceilings and a stylishly modern interior, this 6,780 sq. ft. property will provide a great London base for the visual effects company that spans three continents, five countries and eleven cities.
With their beginnings being in Frankfurt in 1997, they have since stretched across the globe to find their place in the dizzy world of Hollywood blockbusters such as Nightmare on Elm Street and Sucker Punch.
They’ll be in good company in the vibrant, media-savvy Clerkenwell. To see what else is available in the area, come have a look at these properties.
Wimpole Street Let To SWIIS Foster Care Ltd
21st June 2011
We are delighted to announce that SWIIS Foster Care Ltd have secured their new headquarters in one of London's most sought after locations – 80-81 Wimpole Street, Marylebone, W1. They have taken 9,246 sq ft of office space over Lower Ground, Ground and four upper floors from Howard de Walden Estates. Located on the corner of Wimpole Street and Welbeck Way, the building is only a short walk from the unrivalled charm of Marylebone High Street.
As Howard de Walden Estate’s agents for 80-81 Wimpole Street, we were able to see the property progress through the substantial redevelopment works to completion. The building works, using renowned architects ESA, is the Estate’s second largest new development in the past 12 months.
Associate Director at Richard Susskind & Company Jonathan Franks says "The redevelopment of 80-81 Wimpole Street was a great success, creating an office building of the highest specification, while retaining the stunning façade of two adjoining period buildings."
SWIIS Foster Care is a national Independent Fostering Agency whose teams are made up of "experienced social workers, support workers, and in many cases, teachers and health advisers, to ensure that all aspects of children's needs are addressed."
We are absolutely delighted to have been part of the process, and we wish SWIIS well in their new premises.
Uber happy with new Clerkenwell offices
10th June 2011
Richard Susskind and Co are delighted to announce that we have let the 1st floor at 7-15 Rosebery Avenue. Renowned digital agency, Uber have agreed a three year lease on the last remaining floor in the building.
Uber is a digital creative agency based in London, with offices in Leeds and opening soon in New York. They "have a track record in solving fundamental business problems with simple, engaging solutions."
The company will occupy the 1st floor totalling 2,464 sq ft and will join other tenants in the building such as Playboy Enterprises and Flos.
Über's website is well worth a look - http://www.uber-london.com
For space nearby Rosebery Avenue, dont miss River House on Farringdon Road - cool warehouse conversion with wood floors and great natural light http://bit.ly/l3cDrp
Great Times At Clerkenwell Design Week
8th June 2011
We absolutely loved Clerkenwell Design Week, where the Farmiloe Building and The House of Detention showcased the best that the heavyweights of the Design world have to offer. There were exhibitions from some of Europe's finest, such as Magnus Olesen, Lignet Roset and Moooi.
Also part of the festival were tours of traditional Clerkenwell workplaces including Smithfields Market, a jeweller in Craft Central, and Wyvern Bookbindery on Clerkenwell Road.
It was great to see the Farmiloe Building come alive again - it is a true architectural masterpiece. Here are some of the photos we took during this incredible festival, and we are already looking forward to next year!
For space nearby the Farmiloe Building, take a look at 74-78 St John Street (http://bit.ly/mcBrY4) where units start at 1,065 sq ft.
Nearby the House of Detention we have a 1,200 sq ft office/studio for sale in a converted school for £285,000. Details here (http://bit.ly/iKYJlP)
Bootcamp Pilates stretch to their new premises on City Road
7th June 2011
Richard Susskind & Company are delighted to announce that Bootcamp Pilates have taken 2,067 sq ft of office space on the Lower Ground floor of Kemp House, 152 City Road, EC1 from Beckman Properties Investments Limited, for £36,173 per annum.
Bootcamp Pilates has a unique concept including "a machine called The Reformer. Based on Joseph Pilates’ principles of 100 years ago, when in a war camp during World War 1, he helped his fellow inmates who were bed-ridden to use their beds and whatever else he could muster to create resistance exercise while they were lying down'' http://bit.ly/mQPTbS
Daniel Cohen BSc (Hons) at Richard Susskind & Co has seen a trend recently with this type of space. "Landlords are maximising the value of Lower Ground Floors, with alternative uses such as D2 ,where concepts such as yoga, pilates and fitness studios can be introduced.
This successful Susskind deal follows on from our recent letting with En Route Solutions, technology consultants moving from their office in the City of London.
There is now only the 4th floor available at Kemp House - contact Daniel Cohen office Agency for further information 020 7831 8311 danielcohen@richardsusskind.com
Silicon Roundabout - Old Street ‘The heart of a new Tech City’
2nd June 2011
As reported in The Sun 02 June 2011 pg 24-25, the hype surrounding Silicon Roundabout continues
http://bit.ly/jLATtF
‘Iain Dodsworth, inventor of TweetDeck has sold his company to Twitter for 25 million. Iain, who lives in a modest house in East Essex, is part of a new generation of British tech entrepreneurs based in Old Street, East London. The area dubbed Silicon Roundabout - a nod to hi tech innovation hotspot Silicon Valley in California, home to Apple, Google and eBay.’
‘The costs of office space and running a start-up are considerably lower than they used to be, especially for internet start-ups. You don’t need much investment to get things off the ground.’
‘While not as mature as Silicon Valley, the new British and European start up investment industry is here now and growing fast.’Ashley Goodman says “The Silicon Roundabout story continues to grow at an amazing pace with many new and existing tech/media companies moving into London’s hippest location”
Ashley Goodman, Richard Susskind & Co Associate Director says “The Silicon Roundabout story continues to grow at an amazing pace with many new and existing tech/media companies moving into London’s hippest location”
There is still space avaliable at Kemp House, 152-160 City Road, EC1V for any companies wanting to join the buzz of Silicon Roundabout!
A ‘Monster’ Deal at 75 Farringdon Road, Clerkenwell, EC1!
24th May 2011
Richard Susskind and Co is delighted to announce that along with our joint agents Cushman and Wakefield, Monster have agreed a new sublease at 75 Farringdon Road, London EC1.
Monster, one of the largest employment websites in the world has agreed a new sublease to Anson McCade Ltd, the Banking, IT and Accountancy Search Consultancy.
The company will occupy the 6th floor totalling 2,520 sq ft. Sublease is to commence from 9th May 2011 for a term until 1st June 2016.
Anson McCade is a specialist consultancy focusing on senior IT and Banking mandates for major, global management consultancies and financial institutions whose primary focus is to provide and maintain a consistently high quality of service to our Clients through a mutually beneficial working partnership. http://bit.ly/jcw955
Richard Susskind & Co acted on behalf of Monster on a joint agency basis with Cushman and Wakefield.
Dont miss the stunning space at Metroplitan Wharf, Wapping Wall E1!
18th May 2011
Metropolitan Wharf, Wapping Wall, London E1
Media style studio/office also retail & resturant space for rent within Grade II listed victorian converted warehouse.
Check it out http://bit.ly/kl5euM
Wapping was once the landing point for generations of sailors and the inspiration for many of Dickens’ novel.
Today Wapping is known for its strong maritime character, traditional pubs and luxury warehouse conversations.
Metropolitan Wharf is located within a five minute walk of Wapping Station, recently opened as part of the East London Line upgrade and extension and is easily accessible to Liverpool Street, Farringdon and Shoreditch.
Metropolitan Wharf is an iconic eight storey Grade II Listed Victorian riverside warehouse building, which has recently been sensitively restored to provide flexible office accommodation in a unique working environment.
An impressive entrance hall spanning the depth of the building leads to the riverside terrace with its superb views of the Thames and Canary Wharf.
Studio offices over the six upper floors provide accommodation to suit a wide range of businesses, with units starting at 1,287 sq ft.
Do something fun this Summer! Shoreditch Festival - 15-24 July 2011
16th May 2011
Make a note in your diary 15th-24th July 2011 the Shoreditch Festival 2011 organised by Shoreditch Trust takes place along Regents canal between Shoreditch Park and Victoria Park.
The event is free to attend so join the celebrations and expect an eventful and entertaining week packed full of activities including dance performances, fashion shows, film screens, food markets, literature even a dog show!
"This is a great way to experience just a small part of what East London has to offer. Events like this help contribute to the creative boom in Shoreditch which we are currently witnessing" says Jonathan Franks.
For more information on the event, click here http://bit.ly/jmhZ9F
New photos of the Old Dairy! 110 Clifton Street, Shoreditch, EC2A
16th May 2011
Summer is just around the corner, so don't forget to check out the Old Dairy, 110 Clifton Street, Shoreditch, EC2A with coffee hut and generous outside space. 2,907 sq ft for rent at £23.50 per sq ft.
Superb media style office based within trendy courtyard development in sought after Shoreditch.
Check out the new photos! http://bit.ly/lSiYUa
7 Triton Square, Regents Place, NW1 is back on the market!
13th May 2011
Back on the market due to abortive negotiations 7 Triton Square, Regents Place, is a striking building; in a fantastic location and an attractive headquarter opportunity.
Regent's Place has approximately 1.5 million sq ft and approximately 10,000 office workers and residents.
Regent's Place is going through the final phase of development, with completion expected in 2013, which would add a further 500,000 and increase the population to circa. 14,000 people
Great transport links, with Warren Street, Great Portland Street, Regents Park and Euston Square within walking distance.
The surrounding area's well know local amenities and occupiers include,
Santander, JP Morgan Chase, Starbucks, Pret a Manger and Virgin Active.
Dalston Library- suitable retail, restaurant or other operator needed for this exciting new scheme!
12th May 2011
RETAIL & LEISURE ANNOUNCEMENT!
Dalston Library, 24-30 Dalston Lane, London, E8
On behalf of Hackney Council we have been retained together with Allsop to find a suitable retail, restaurant or other operator for this exciting new scheme which sits adjacent to the new Dalston Library and Dalston Junction Station and the new Barratt Home Schemes. See link below which will provide you with full property particulars and Goad Map.
We will shortly also be marketing approximately 1000 Sq Ft within the new library itself and would suggest that all café/coffee shop operators would contact us to discuss the opportunity further.
Please feel free to contact us or our joint agents Allsop if you require any further information or wish to arrange an inspection. Contact - David Toubian / Lauren Leach T: 020 7831 8311
New Instruction! Stunning Media style office Timber Yard, Drysdale Street, Shoreditch N1 -1,780 sq ft
12th May 2011
Richard Susskind and company are delighted to announce our new Instruction! Timber Yard is located within a sought after gated development near the buzz of Hoxton Square.
Hoxton square and the surrounding areas attract many IT, media and design type companies. The area is popular, benefiting from cool bars and restaurants. Great transport links and a happening atmosphere.
The media style office / showroom for sale in trendy Shoreditch are within walking distance of Old Street, Shoreditch High Street & Liverpool Street Stations.
£625,000 Exclusive of VAT
Long Leasehold – 990 Years Remaining
For further Information Contact Jonathan Franks / Daniel Cohen 020 7831 8311
Three new lettings on London's trendy Fashion Street, Spitalfields, E1
11th May 2011
Together with our joint agents, Paul Belchak and Company, we are delighted to welcome three new tenants to 11-29 Fashion Street.
Future workshops, specialists in mobile development, have taken 1,265 sq ft in unit 2.5. www.futureworkshops.com
Photosound, one of the world’s great medical communications companies have taken Unit 1 & 1.2. www.photosound.com
St.Katherines Trust have taken 1,350 sq ft in Unit 1.4.
London's trendy Fashion Street, Spitalfields, E1 is in the heart of Spitalfields close to Commercial Street.
A hugely popular location, Spitalfields is London’s hot spot for design & media companies. Some say cooler than Soho, and nowhere near as expensive, the area has a young and diverse collection of people for work and social fun.
The area has a bit of everything, shops, bars and restaurants in nearby Spitalfields Market and Truman Brewery. Liverpool Street and Shoreditch High Street stations are within easy walking distance. http://tinyurl.com/6h96lkb
Estates Gazette - 'Orient impressed'
10th May 2011
As reported in Estates Gazette 07/05/2011
- " Asian pension funds are leading the influx of overseas investors in the City of London. And we may have seen only the tip of the iceberg." James Buckley
- The past year has seen overseas pension funds emerge as the dominant force in City investment, and all signs point to windfall transactions over the next 12 months.
- "this level of investment activity may only represent the tip of the iceberg when considering the sheer size of these funds and the fact that eight of the 20 largest global pension funds come from Asia" Gresham Down
'Hot' new tenant moves to Old Street - 'Silicon Roundabout'
03 May 2011
Richard Susskind and company are delighted to announce another 'blazing' new deal!
Firebrand Digital Ltd, specialist in online PR agencies, has taken on a 5 year lease for £42,598 pa. at 40 Underwood Street, London N1.
Silicon Roundabout - London's Old Street 'Creative hot spot'
28th April 2011
'Creative hot spots'
As reported in GQ this month, the hype surrounding London's Old Street, now nicknamed 'Silicon Roundabout' continues.
'Silicon Roundabout has been described as the 'creative hot spot for tech start ups'.
City Fringe is alive and Clerkenwell!
28th April 2011
'City Fringe is alive and Clerkenwell' as reported in Property Week 18/03/11
Richard Susskind & Co acting on behalf of LaSalle Investment Management recently refurbished on 2 Pear tree Court, EC1, a refurbished self contained warehouse building just off Farringdon Road, north of Clerkenwell Road. The building is likely to appeal to single occupiers seeking character office space of approx 14,000 sq ft.
Office/Showroom in Converted Clerkenwell Warehouse
27th April 2011
Richard Susskind & Co are delighted to announce we have been instructed to market this self-contained premises over ground floor and basement.
Benefitting from wood flooring, steel beams and frontage onto Vine Hill.
For more information, please click here http://tinyurl.com/6dz93l4 or call Jonathan on 020 7831 8311.
Estates Gazette Q1 2011 League Tables
26th April 2011
In the most recent Estates Gazette league tables, we are delighted to announce that we have been ranked the number 2 City Fringe Agent.
In the whole of central London, we have been ranked 7th based on 21 deals done and 11th based on 97,543 sq ft transacted.
For more details click here http://tinyurl.com/674fqoo
5 Units Let At Metropolitan Wharf & 3 More Under Offer!
24th February 2011
Following on from the recent lettings to Lazarides Gallery and Arcadia Italia, the momentum is building at Metropolitan Wharf.
Don’t miss this stunning Victorian warehouse conversion on the banks of the River Thames. Crammed full of original features such as exposed brick, timber floors and steel beams, the units start at 1,287 sq ft and must be seen to be appreciated.
For more details, click here or call us on 020 7831 8311.
Clerkenwell Design Week
20th February 2011
Clerkenwell has long been known as the creative hub of London and in May we get the chance to celebrate this. Clerkenwell Design Week is one of the most talked about events of the year and here at Richard Susskind & Company, we can’t wait. Taking place from May 24-26, the festival will showcase Europe’s top names in Design such as Vitra, Knoll, Modus and Bene.
Last year’s festival brought over 18,000 participants who attended more than 150 events, and 2011 promises to be even bigger! The events list for Design week includes performances, talks, live music, and pop-up exhibitions.
For these three days, the spotlight is on two main venues - the Farmiloe Building on St John Street (one of London’s hidden gems), and The House of Detention (a former Victorian prison) in Sans Walk. Click here to find out more: http://www.clerkenwelldesignweek.com/register
Fusepump Re-Locate To Greville Street
18th January 2011
Fusepump, a Technology company based in Charterhouse Street, EC1 have taken 3,315 sq ft at Lower Ground Floor 20-23 Greville Street, a fantastic office refurbishment close to Farringdon Station. Fusepump deliver data rich feeds, driven by state-of-the-art web agent technology.
Richard Susskind & Company agreed the deal just before the New Year, and following a quick turnaround, completed legal formalities shortly after.
Fusepump join Andrew Nurnburg Associates in the building - another Susskind deal, following our recent letting of the 2nd floor at 20-23 Greville Street.
