Morgan Pryce completes on prime City acquisition
Morgan Pryce has recently completed a 2,700 sq ft acquisition on behalf of a digital recruitment firm in a prime City location. The office floor, in a building which has just undergone a complete refurbishment to a Category A specification, was acquired on a brand new five-year straight lease at £61.50 per sq ft, £6.00 under the quoted rent. A rent-free period of 12 months was also achieved, representing a net effective rent of £49.20 per sq ft – an excellent deal in the current City market.
