Retention rate is significantly ahead of underwrite assumption
Chief executive Courtauld expects pace of activity to continue
James Harrop-Griffiths will switch to agency from client-side role
Space has been snapped up ahead of ERV
Company sealed £9m of deals in final quarter of 2024
Proposals would add 135,000 sq ft of office space after previous rejections on heritage grounds
“When agents see someone buying with a big balance sheet, guess who gets the calls?” says Courtauld
Company has a pipeline valued at £1bn
Firm also secures new £150m ESG-linked revolving credit facility to capitalise on opportunities
The company’s latest deal with British Land marks a first in the growing market
Deal is company’s second in the West End in past six months