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West End scores hat-trick of office lettings

Three occupiers have signed significantly sized lettings in London’s West End this week

Power group EDF Energy has taken 37,721 sq ft at Land Securities’ Cardinal Place in Victoria. It is one of the biggest occupational transactions this year in the area.

EDF has taken an assignment of the fifth floor from advertising and marketing company IPG. The passing rent is £55/sq ft with a reverse premium of less than a year’s rent.

The lease expires in 2021 and there is a break in 2016. Cushman & Wakefield disposed of the space; BNP Paribas Real Estate acted for the tenant.

Visual effects media company Double Negative has signed for 22,000 sq ft in Great Portland Estate’s Wells & More scheme on Mortimer Street at less than £40/sq ft. Jones Lang LaSalle and DTZ are the letting agents at Wells & More; Cooper Collins acted for the tenant.

Grassroots sports organisation the Football Foundation has taken 9,000 sq ft at Whittington House on Alfred Place on a 10-year lease at £42.50/sq ft.

CFK advised landlord Pramerica; Richard Webster advised the tenant.

Afex Checks Into SW1

covered in Estates Gazette July 2010

Don't stop him now, Fraser's having such a good time

covered in Property Week and Estates Gazette February 2009

Veteran West End agent Michael Fraser will go to any lengths to publicise his buildings – something I’m all in favour of

This time he thinks he’s Queen guitarist Brian May, although his short hair lets him down. Playing the rock guitar god with his colleague, Ian Kitchener, outside the Dominion theatre in London, where Queen musical We Will Rock You plays, Fraser is publicising two 9,000 sq ft floors at Whittington House, just a stone’s throw away in Tottenham Court Road.

After that, he rushed off to find some fat-bottomed girls.

Read this story in full at Property Week

Elf improvement

covered in Property Week December 2008

Father Christmas and his elves are lending a hand to veteran West End agent Michael Fraser of CFK on his Christmas quest to let three floors in Maddox House on Maddox Street, which is around the corner from the famous Hamleys toy store on London’s Regent Street.

Read this story in full at Property Week

Fraser ditches the Rolls and gets on his bike

covered in Property Week February 2008

I knew it was too good to last.

West End veteran Michael Fraser was spotted in January in HR Owen’s showroom in giving the latest Rolls-Royce drophead a once over, just four months after we snapped him with a new £217,000 Roller.

Read this story in full at Property Week

CFK LLP are pleased to announce the appointment of a new consultant, Ramsay Mason, FRICS.

Ramsay Mason, was until recently the founding director of Mason Philips Chartered Surveyors. He brings to the Practice his specialist skills in commercial valuation, property investment appraisal and analysis and his extensive knowledge of property investment acquisition, disposal and portfolio management. He is an expert on landlord and tenant related matters including rent reviews and arbitration in respect of offices, shops and industrial premises.

Ramsay joins CFK’s other consultant, Judy Oliver MRICS, who continues her work for specific clients in the field of office rent reviews and lease renewals.

For further information concerning Ramsay Mason, or the professional services that he can offer, please contact:-

Michael Fraser 020 7484 9262 michael.fraser@cfkllp.co.uk
Ian Kitchener 020 7484 9260 ian.kitchener@cfkllp.co.uk

HIGH ROLLER FRASER SPOILT FOR ROYCE

HIGH ROLLER

covered in Property Week - August 2007

"Here appears to be proof that West End veteran Michael Fraser's departure from Conway Relf after 33 years has not left him out of pocket.

Parking outside his first big letting instruction the other day, Credit Suisse's 1 Chesterfield Street office space, Fraser was spotted with a new £217,000 Rolls Royce.

Fraser's new firm, CFK, which he set up with Conway Relf colleagues Ian Kitchener and Judy Oliver, is based in Regent Street.

So to go the 500 yards to Chesterfield Street he definitely needed to get the Rolls out."

Gardiner turns to Whittington

covered in Property Week - August 2007

"Consultant Gardiner & Theobald has taken 9,120 sq ft of offices at Whittington House, Alfred Place in London’s West End at £55 per sq ft. Fuller Peiser surrendered it’s 10-year lease. CFK acted for long-leaseholder Credit Suisse."

LEASE SURRENDER : 3RD FLOOR, WHITTINGTON HOUSE, ALFRED PLACE, WC1

When potential merger talks between Atisreal and Fuller Peiser were reported in the press, we were asked by the landlords Credit Suisse to explore the possibility of taking a surrender of Fuller Peiser’s offices at Whittington House, Alfred Place, just off Tottenham Court Rd.

Having successfully concluded the lease surrender, we now have this “Grade A” 9,000 sq ft office floor under offer to a well known company.

NEW LETTING INSTRUCTION: 1 CHESTERFIELD STREET, MAYFAIR, LONDON W1

Credit Suisse have just completed their latest West End refurbishment at the above address, located on the corner of Curzon Street and Chesterfield Street.

A fully refurbished impressive self-contained building totalling approx 3700 sq ft, of which approx. 600 sq ft is a spectacular top floor apartment. The remaining 3,100 sq ft approx. has office use.

All new comfort cooling ( including the top floor apartment ), and new top grade finishes throughout.

Available to let now. Contact Michael Fraser (020 7484 9262 ) or Ian Kitchener
(020 7484 9260 ) for further information. Download Particulars or View Website

RENT REVIEW – 14/15 GROSVENOR CRESCENT, BELGRAVIA, SW1

We have just been instructed by the owners of 14/15 Grosvenor Crescent, a fund managed by Rowan Asset Management, to advise on rent review negotiations on 3 floors totalling approx. 10,500 sq ft.

“Rents have risen significantly over recent years in this exclusive part of the West End, where demand far exceeds supply from companies seeking efficient modern air conditioned office space” - according to CFK’s rent review specialist, Judy Oliver MRICS.