One London Wall, City of London, EC2
ONE LONDON WALL, LONDON, EC2
Address: One London Wall, London, EC2
Size: 11,469 sq ft
Client: Pageant Media
Transaction: Acquisition of the 8th floor
Pageant Media were looking for a much larger office for their rapidly expanding the business to business media brands and wanted to achieve this expansion with low outgoings and a flexible lease. BBG searched widely and identified the part eight floor of One London Wall which was available from a tenant was struggling to relet the space following a subtenant relocating. BBG identified that this was a transaction that could be achieved at a particularly economic level and were negotiated a deal to take an assignment of the existing lease in lieu of a large reverse premium. Detailed financial cashflow analysis of the lessor’s ongoing liability enabled BBG to turn this transaction fully to Pageant Media’s advantage.
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