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Client: Alchelyst
Location: 25–27 Oxford Street, London W1
Size: Circa 1,700 sq ft
Solution: Leased office with managed services

The Requirement

Following its separation from Apollo Global Management, Alchelyst approached Strettons seeking office space for an initial team of 8–12 people, with potential growth to 16. Remaining close to their former headquarters near Tottenham Court Road was a key priority, alongside securing a high-quality workspace that could accommodate future growth.

Our Approach

Over several months, Strettons explored serviced, managed and conventional leased offices, helping Alchelyst understand the benefits and costs of each approach.

Ultimately, Alchelyst selected the fourth floor at 25–27 Oxford Street. However, the real value of Strettons’ involvement came through the negotiation and transaction process.

Acting on the client’s behalf, we negotiated with both the landlord and managed workspace provider, Workplace Plus, securing favourable commercial terms and a structure that combined a five-year lease with a third-year break option and a comprehensive managed service agreement.

This structure gave Alchelyst the security of a longer-term lease, the flexibility to review its office requirements after three years, and the convenience of a fully managed workspace without the need to manage day-to-day office operations in-house.

Working closely with Alchelyst, their solicitors and both counterparties, we coordinated negotiations, maintained momentum and helped bring a complex transaction to completion within a particularly tight timeframe.

The Outcome

Alchelyst now occupies circa 1,700 sq ft of premium managed office accommodation in London’s West End, featuring 18 workstations, two meeting rooms, a breakout area and private kitchen.

Workplace Plus manages the day-to-day running of the office, removing the need for an internal office manager and allowing the team to concentrate on growing their business.

A recent visit confirmed that the team are settled, enjoying their surroundings and thriving in their new workspace.

Our relationship with the building has continued to develop, with Strettons subsequently instructed by the landlord’s asset manager to market additional floors on managed terms. Coming to market soon is a circa 1,000 sq ft office on the seventh floor, accommodating 12–18 desks and available on a conventional lease or fully managed basis. Take a look at the listing here: https://www.strettons.co.uk/commercial-property-to-rent/commercial-flex-serviced-office-to-let-in-25-27-oxford-street-london-w1d-2dw-6accd2cba19435415ae74315/.

The result: A successful transaction demonstrating the value of independent occupier representation, combining whole-of-market advice, skilled negotiation and hands-on transaction management to secure a high-quality, flexible workspace on excellent terms, within a demanding timescale.

 

 

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