Royal Exchange offices change hands

The high rental prices across London offer pros and cons for landlords. On one hand it means they can enjoy a high monthly income and potentially make a good yield. On the other though, void periods become a big problem because of the big losses. A great option to avoid the latter is rental guarantees. Finefair provides some of the best and is the top name for guaranteed rent City of London has. Our services always stand out.

Healthy demand

The City of London still has a very healthy property market. Deals for commercial property continue to go ahead, attracting various new businesses to the UK capital. Some of them even involve iconic buildings.

Recently a deal was agreed for office space in the celebrated Royal Exchange. Investor Resolution Property paid around £47million for 68,000 square feet of offices over four floors. As a result, this is their first entry into the Square Mile.

A great history

Few commercial buildings in the world have the a history as impressive as the Royal Exchange. The first building dates back to the 1500s, becoming the first specialist property for business in Britain. The original design took influence from a bourse in Antwerp, Belgium. The founder, Thomas Gresham, even had materials like stone and slate imported from there to suit the character.

The Great Fire of London in 1666 caused huge damage. A new Royal Exchange opened three years later and became the home of Lloyd’s insurance market. This second property was also destroyed by fire. The third and current design opened in 1844.

The current building is home to offices, restaurants, and retail space. It also has two iconic statues and a collection of 24 murals that celebrate London’s history.

Finefair understands why landlords may have concerns about void periods, especially in areas with very high prices. With the number one team for guaranteed rent City of London has on your side, you can be more confident. The service means you don’t lose out because of voids. We take the responsibility for finding tenants and give you an uninterrupted income.

To learn more about the service and how it works, visit our website or contact our team.