London Borough of Hackney · Awarded contract
Awarded

Lease Negotiation Services for Old Street Properties by Strettons

Awarded 04 Aug 2020

View live tenders
Awarded04 Aug 2020
Value£15,000.00
SupplierStrettons
RegionLondon
CategoryConsultancy & Legal
Ended 6y 1mo ago2mo term
Awarded 4 Aug 2020Expired 1 Oct 2020

London Borough of Hackney awarded a contract to Strettons for lease negotiation services concerning two properties at 239 and 243 Old Street, EC1, following the Covid-19 pandemic.

The work involved advising on rent reductions for two struggling businesses with annual rents of £130,000 and £160,000, and additional loan repayments to the council.

Strettons provided specialist commercial agency advice on central London office and leisure property uses, areas where the council lacked extensive negotiation knowledge.

The contract was procured under PCR 2015 via RFQ, with a value of AUD 15,000.

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