Exclusive News and Articles

Landsec looks to increase rollout of fitted offices after successful trial

FTSE 100 developer Landsec has confirmed the success of its recent trial of fully-fitted offices, aimed at helping tenants move offices faster and more easily.

According to Landsec chief financial officer, Martin Greenslade, the provision is “…like renting a furnished apartment,” and the firm is looking to use the project to target companies needing to move quickly or businesses without their own property department that don’t want the hassle of fitting out a new office.

Trials for the scheme — dubbed Landsec Fitted — started earlier this year, and Landsec has confirmed that tests have “proved very successful, reducing leasing times and incentives and attracting rents at a premium to unfitted space.” Furthermore, the typical premiums achieved so far to net effective rents have been between 5% to 15%. As a result, the firm plans to roll out the service more widely, with potential to grow it to 10% of the group’s office provision.

This news was brought to you by Morgan Pryce, a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.

Share :

Related Recent News

Protect Your Business with Expert Lease Advisory Services   From lease renewals to rent reviews, Morgan Pryce ensures your lease...

Seamless Office Relocation, Expansion & Workplace Optimization   Planning a move, expanding your team, or redesigning your office? Morgan Pryce...

Your Trusted Partner in Commercial Property Acquisition   Whether you’re buying for occupation, investment, or development, Morgan Pryce delivers unmatched...

Scroll to Top

Book A Consultation

I consent to Morgan Pryce storing my details to contact me. Read more about how we store data in our​ Privacy Policy​.

Looking To Purchase

Morgan Pryce delivers expertise in securing prime on and off market commercial properties across London and the UK. We guide and nurture your purchase from initiation though to legal completion.

I consent to Morgan Pryce storing my details to contact me. Read more about how we store data in our​ Privacy Policy​.