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Telephone:  020 3254 3003 info@elsworth.london

Five Arrows Outsourcing Solutions (rebranded from LPM Outsourcing)
A lease expiry in June 2013 presented LPM Outsourcing with the opportunity to review ageing office premises in Pinner which they had outgrown and no longer suited the image of their expanding business. Elsworth were retained in October 2012 with a brief to secure 3,500 - 4,500 sq ft of second hand Grade A space in Uxbridge town centre. Following some preliminary viewings the brief expanded culminating in the acquisition of 5,000 sq ft of prestigious air-conditioned space within Capital Court, Windsor Street, Uxbridge in August 2013. Elsworth continued to advise throughout on the ability to ‘hold over’ occupancy at Pinner whilst the legal formalities and fit-out works on the new property were completed also delivering major financial savings in defending a substantial terminal dilapidations and service charge claim from the landlord upon termination of the lease at Pinner. Elsworth continue to advise on the business rates assessment at Capital Court with the appeal process still pending.

Madeleine Bowd, Managing Director, LPM Outsourcing added, "Elsworth have supported us through previous office relocations and so to work with them again has made the transition far less onerous and their continued support and quality of service enable us to fully recommend them for all property matters.".


Brand management specialist Bazaarvoice had been occupying serviced offices in Hammersmith for several years which was no longer cost effective or conveying the brand strength of their business. Elsworth were first invited to pitch in January 2012 and were appointed to explore opportunities of 10-15,000 sq ft in Hammersmith, Paddington and City fringe locations. In September 2012 the brief was revised to 18-20,000 sq ft with a preference towards remaining in Hammersmith. Terms were agreed in January 2013 to acquire 17,276 sq ft over two floors in Metro Building, 1 Butterwick, Hammersmith with legal completion in March 2013. Elsworth were retained to handle the contract administration of the fit out under a design and build contract leading to full occupancy by the target date in June 2013.

Larry Murff, Finance Director EMEA, Bazaarvoice added, "Jeremy and his team were consummate professionals throughout the entire process. He negotiated favourable terms on our behalf and managed us through the entire process from our search through final inspection of the renovations. Jeremy and team repeatedly delivered above and beyond requirements, keeping the project on time and in budget. I can definitively state that we could not have run so smoothly through the process without Jeremy’s technical and management expertise. I would recommend him to anyone.".


BMG Chrysalis
In early 2011 when BMG Rights Management added Chrysalis Group to its sequence of acquisitions this led to a need to consolidate the group UK headquarters under one roof within Central London.  Elsworth was brought on board in September 2011 to advise and secure Grade A offices  in a building befitting the profile of an expanding international player in the music industry. By December 2011 terms had been agreed and legal formalities concluded for the acquisition of 9,000 sq ft on a single floor at 33 Wigmore St W1 with an option to take a further 8,500 sq ft of expansion space. Elsworth was retained to project manage the design and build fit out contract which was completed on time and budget for occupancy in April 2012.

In conjunction with the acquisition process Elsworth was instructed in January 2012 to market existing office premises in Soho W1 and refurbish the former Chrysalis premises comprising 8,500 sq ft at Phoenix Brewery W10 prior to marketing. The disposal of the Soho suite was successfully completed by May 2012 and the newly refurbished space at Phoenix Brewery was all accounted for under three separate transactions each completed before the end of 2012.

Mark Ranyard, Chief Financial Officer, BMG Chrysalis UK added, "We were delighted with the way this whole project came together and the professional manner in which Elsworth delivered on the initial brief and target dates set. We are proud to invite existing and prospective clients to our new London head-quarters and our staff are extremely happy in their new working environment. Furthermore Elsworth delivered on the target of disposing of our two surplus properties by the end of 2012 which was a particular bonus. I would have no hesitation in recommending Elsworth to other companies embarking upon the same exercise".


European Goldfields
When Canadian listed Eldorado Gold Corporation acquired European Goldfields Limited at the beginning of 2012 this meant that three prestigious office suites in Berkeley Street Mayfair W1 would become surplus to requirement. By recommendation Elsworth was appointed to advise and market the three suites in March 2012 on behalf of European Goldfields. Terms were subsequently agreed and legal formalities completed under three separate transactions before the end of 2012 enabling Eldorado to draw a line under the property commitments they had inherited.

Dawn Moss, Vice President Administration & Corporate Secretary at Eldorado Gold Corporation added, "I would like to thank Jeremy Gilbert and his team at Elsworth for the negotiations undertaken on Eldorado's behalf. That three independent real estate transactions were completed in less than nine months, two of them within six months, on favorable terms and conditions and with the handicap of working long distance between Vancouver and London clearly demonstrates a keen knowledge of the market, excellent communication skills and tireless attention to detail. I do not hesitate to recommend Jeremy and his team at Elsworth."


Computers Unlimited
In July 2010 Elsworth was commissioned by Janson Computers plc  t/a Computers Unlimited to consider its options in anticipation of the expiry in September 2012 of its two leases on Units 4 & 5 The Technology Park Colindale NW9. Relocation was not the preferred option yet the company needed to secure future expansion space for its continued growth and the existing 12,800 sq ft would not prove adequate in the longer term.

Continued leasehold occupancy was considered but the prevailing market conditions and bank interest rates favoured  the freehold option which was known to be available. In February 2013 Janson acquired the freehold interest in the entire estate comprising Units 1-7 totalling 37,000 sq ft subject to various long and short term leases in place to occupational tenants. In doing so Janson have secured strategic control of the estate and the ability to accommodate its future growth in the years ahead.

James Sanson, Chairman & Chief Executive, Janson Computers plc added, "Jeremy Gilbert of Elsworth has been associated with Computers Unlimited for over 15 years during which he has provided us with a range of property-related services. We have been consistently impressed with his diligence, professional knowledge and proactivity. We have always felt that our best interests are his priority. We are also very grateful for the hard work and perseverance that Jeremy has put into our latest project - certainly our most challenging property transaction to date. Jeremy successfully negotiated a significant reduction in the initial price, continued to provide technical support throughout the evolution of the transaction and was always available and happy to provide advice. We have no hesitation in recommending his services!"