Former OFFICE, Clerkenwell

Client: Private Fund

Property Type

Offices

Duration

12 Months

Location

Clerkenwell, London

No. of Guardians

17

Client

Private Fund

Situation

A large office block needed short-term security while the property owners sort planning to carry out a light refurbishment of the property. Prior to LOWE taking occupation, the owners were paying £120,000 per annum in security costs and £450,000 per annum in (empty) Business Rates.

Offices, Clerkenwell

Solution

  • Provided a comprehensive Health and Safety audit to assess the current compliance of the property prior to any works.
  • Re-instated the fire system to ensure it was compliant with fire standards.
  • Installed kitchen facilities and showers to ensure the property was habitable.
  • Vetted and placed 17 live-in guardians who occupied the ground to fourth floors, ensuring maximum security coverage across the block.

Offices, Clerkenwell

Outcome

  • A cost neutral solution that saved our client substantial fees that would have been incurred on conventional security measures.
  • Successful removal of the business rates liability on the property with LOWE paying the council tax.
  • A well-managed, secure property with 17 young professionals, key workers and creatives with an affordable rental solution in the heart of London.

Offices, Clerkenwell

Case Studies