BBG Partner David Alcock was nominated for “West End deal of the year” by CoStar and the Office Agents’ Society for his role advising fast expanding consumer finance provider New Day in it’s leasing at Argent’s renowned 3 million sq ft Kings Cross complex.
Whilst at his former practice David initiated and negotiated the acquisition of a lease over the Grade 2 listed 32,000 sq ft Midland Goods Shed. The triple headed deal involving the simultaneous surrender of the MGS lease formerly held by Guardian Media Group and also of New Day’s current 15,000 sq ft office in 2 Pancras Square.
Midland Goods Shed is in the heart of King’s Cross, adjacent to the Waitrose food store and cookery school, Central Saint Martins and Everyman Cinema. It was built in 1850 as a temporary passenger terminal while King’s Cross station was being built, and was then used for handling and storing goods brought to King’s Cross from across the country. It was sympathetically restored and converted into today’s thoroughly contemporary design, led by Bennetts Associates.
The transaction and due diligence were effected by the client and professional advisers within a very rapid 6 week timetable through close co-operation between the client’s senior management and procurement team, lawyers Addleshaw Goddard and fit out advisors Oktra.