Cooke, Young & Keidan LLP is a leading boutique firm of commercial disputes lawyers. CYK specialise in undertaking substantial English Court litigation, international arbitration and alternative dispute resolution, working for businesses in the UK and abroad as well as for high-net-worth individuals.

Brief

Faced with a lease expiry in twelve months’ time in a building earmarked for redevelopment and in obvious managed decline by the landlord, CYK turned to MWRE for assistance in acquiring new office premises in the City of London. The brief was to acquire offices that would be of a much higher quality, and more efficient to occupy than existing, while also providing CYK with room to accommodate future growth.

Since CYK wished initially to consider relocation options across a wide geographical area, MWRE formulated a relocation plan and timetable which enabled CYK to consider the merits of circa 50 available properties before a shortlist of potential options was eventually decided upon.

Pre-acquisition due diligence surveys carried out at the partnerships’ initial first-choice option revealed that the existing M&E services were unable to meet the specification brief. Consequently, focus moved quickly to a consideration of various other potential options that were also available within the agreed timeframe.

Result

MWRE successfully negotiated for CYK to acquire 11,000 sq ft newly refurbished Grade A offices at 21 Lombard Street, EC3 within the relocation timetable agreed, and underlining the importance of identifying at the outset, one or more suitable alternative Plan-B options as part of the risk management strategy to be employed during the relocation process.

CYK’s new premises enjoy natural light to all elevations and following a high-quality fit-out, provide CYK with prestigious modern offices including extensive meeting room space and a roof terrace, arranged on a efficient single floor in the heart of the City.