Hermes - London WC1, High Holborn

Date: 23 Aug 1999

The entire fifth floor of Hermes' 210 High Holborn office building has been let to SH&E Ltd, air transport consultants who have relocated from headquarters close to Gatwick.

SH&E Ltd, partly owned by Lufthansa, has taken 223 sq m (2,400 sq ft) at rent of £67,200 per annum, equating to £301 sq m (£28 per sq ft). The company has signed a new 10 year FRI lease with an upward only rent review at the end of the fifth year.

Peter White, Senior Consultant at SH&E comments:

"We have relocated to central London to be near the majority of our clients. Although we work in the aviation industry the location of our new offices allows us to remain available to both our airline clients at Heathrow and Gatwick as well as in close proximity to the legal and financial professions with whom much of our work is done.

We looked at a variety of more central property with higher rental costs but we think High Holborn, and more particularly 210 High Holborn, represents excellent value for money. We now have quality air-conditioned offices in a convenient location for city meetings and ideal for a commuting workforce."

Tim Elliott of landlords Hermes comments: "We are delighted that SH&E has relocated to 210 High Holborn and would agree that the building and location represent excellent value for money. Many companies are now recognising that they get so much more for their money basing themselves in midtown rather than in more traditional City or West End locations."

Farebrother acted for Hermes and Burstows acted for SH&E Ltd.

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