McCalmont-Woods has saved JP Morgan Cazenove circa £1m in rent by advising the investment bank on the rent review of its 16,000 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 £168,400 on the landlord’s quoted rent of £32.50 per sq ft.
