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Case Study

ESSAR gets an ideal home

ESSAR gets an ideal home

Acquisition of Pt 3rd floor (7,500 sq ft), Lansdowne House, 57 Berkeley Square, London, W1

 - Multinational conglomerate Essar had very specific requirements

 - Demanded the best accommodation in limited area of traditionally expensive Mayfair

 - Despite this ambition, Essar was still very budget conscious, seeking a 'value' transaction

 - Jones Lang LaSalle took advantage of market conditions, sourcing 'distressed' occupiers looking to mitigate liabilities

 - A very positive deal was brokered at below market levels with a Berkeley Square occupier seeking to mitigate liabilities

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