DWD are retained advisers for SPACE Studios and represented them in negotiations for the 2016 rent review at their headquarters – The Triangle, 129-131 Mare Street, London E8.
The property is the largest in the portfolio and comprises over 35,000 sqft of artist studio accommodation. The passing rent from the 2011 review, also set by DWD, was £154,000 per annum.
With rising industrial rents across London, the landlord proposed a rent of £480,000.
After detailed research and analysis, we were successful in negotiations and significantly reduced this figure to £270,000 per annum.
DWD also advise SPACE on business rates across their portfolio.