Devono was instructed by StoneX to provide advice on the acquisition and lease restructure of additional space within their existing building.

At a time when the StoneX business was looking to grow and rebrand, this led to a need for increased floor space to act as their HQ premises for London. Terms were agreed to acquire an additional floor within the building, contiguous to the existing space, whilst also a major restructure of the leases was negotiated. As part of our negotiations, in return for securing the landlord a longer lease term and income stream, the deal was heavily incentivised by way of a substantial rent-free period and reverse premium, which was paid on lease completion to enable some of the extensive fit out works that were required as part of the client’s future commitment to the building.

Services Included:

• Commercial Real Estate Strategy and Consultancy
• Transactional Support and Advisory Services
• Office Acquisitions of Leasehold Solutions
• Building Surveys