Finding the right offices in Hammersmith is a priority for many businesses as we head into 2016. Our West End office is pleased to report a spate of transactions completed immediately after the summer period. These deals set a positive tone for the rest of 2015. Despite usual seasonal lulls, the market remains incredibly active.
Securing Premium Offices in Hammersmith
Advised by Kinney Green, Biotechnology Company Silence Therapeutics recently moved into their new premises. We originally received our appointment at the end of 2013 to advise the client on relocation. Our team conducted a detailed review of all available options. After this review, we decided the best course of action was to postpone the move. The client renewed their existing tenancy on a short-term basis instead.
This strategic delay allowed the client to wait for the perfect opportunity. Even though the local market remained tight with limited supply, we found a solution. The market was particularly difficult for units under 10,000 sq ft. However, we successfully agreed terms for the seventh floor at 72 Hammersmith Road, W14.
Achieving Favourable Lease Terms
The new space provides approximately 4,500 sq ft of high-quality accommodation. The agreed rent reflects £43.50 per sq ft. We also secured an extended rent-free period for our client. This allowed Silence Therapeutics to undertake an extensive fit-out. Now, the floor ideally suits their specific technical requirements.
Tim Freeborn, Finance Director at Silence Therapeutics, praised the result. He noted that Kinney Green helped find a new office despite a restricted brief. Our team showed a good selection of properties and stayed flexible as requirements changed.
Expert Advice for Offices in Hammersmith
Hammersmith continues to attract top-tier tenants in the science and tech sectors. Low vacancy rates drive competition, but expert advice can still secure premium space. If you are searching for offices in Hammersmith or need to review your current lease, our team offers the local expertise you need.