jpmorganrentsave

McCalmont-Woods has saved JP Morgan Cazenove almost £1m in rent by advising the investment bank on the rent review of its 16,053 sq ft office at Exchange Tower, 1 Harbour Exchange Square, London E14 against landlord, MGPA, advised by CB Richard Ellis.

The 29th September 2009 rent review on the third floor at Exchange Tower was successfully agreed in February 2011 at a revised rent of £22.00 per sq ft, equivalent to an annual saving of £168,406 on the landlord’s quoted rent of £32.50 per sq ft.