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      What we do/ Our Projects/ Wellington House Deal

      Serviced offices across four floors in the heart of Cambridge’s vibrant city centre

      Wellington House, East Road, Cambridge

      Client
      LaSalle Investment Management

      Size
      16,700 sq ft

      Our lease consultancy team negotiated the lease renewals and rent reviews for Wellington House, on behalf of LaSalle Investment Management, over a period of 15 years.

      Our latest involvement was dealing with the rent review for the building for which our skilful negotiators achieved a 30% uplift – an incredible achievement for what was then quite a dated building.

      Soon after, our capital markets team successfully worked with our client on the sale of the building’s freehold to Brydell Partners for £8.3m, reflecting a net initial yield of 5.58%. It was let to Cambridge East Road Centre Ltd (Regus) on a lease expiring in November 2024.

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