Drake Commercial have acquired a new showroom facility on behalf of retained clients Ideal Standard.
Ideal Standard, one of the world’s leading manufacturers of bathroom solutions, are opening their new £1 million showroom in London’s design hub, at Drapers House, Clerkenwell. The building is owned by Patrizia (formerly Rockspring), who were advised by Alchemy Asset Management and Colliers International. The new four-storey facility, covering 4,000 sq ft is being created as a ‘Specification & Design Centre’, to bring architects and designers together to experience the group’s evolving family of design-driven bathroom products.
Visitors to the Clerkenwell Road showroom will be able to get their first glimpse of the new showroom during Clerkenwell Design Week (21st – 23rd May 2019). The showroom’s official launch will take place during June 2019, where Stephen Ewer, Ideal Standard’s UK Managing Director will welcome customers and partners to the design space and introduce the group’s new design collaboration to the UK market.
Drake Commercial were instructed to acquire the new premises, as Ideal Standard looked to move from an older first floor premises to a more modern, ground floor presence that reflects their evolving brand.
Ideal Standard’s UK Marketing Director, Katie Cope, said: “We have worked with Tom on various projects and had no hesitation on calling on his expertise for our showroom move. He helped us understand the type and amount of space we required, carried out a comprehensive search of the market and assisted us to shortlist the most suitable options. He negotiated lease terms on our behalf, ensured we understood the relevant due diligence that was and perhaps wasn’t required as part of the process and helped manage the legal process through to completion of the new lease. Tom’s involvement meant we could be comfortable our lease requirements would be achieved and we could concentrate on the everyday needs of our business”.
Tom Drake, Partner at Drake Commercial said: “I have built a long-standing relationship with Ideal Standard and this was a really interesting project to get involved in. The Clerkenwell showroom market is currently very popular and so we were delighted to secure this property before it hit the open market and negotiate detailed lease terms that met the requirements of Ideal Standard, as well as satisfying their new Landlord”.
If you’re looking for new space for your business, need strategic property advice or would simply like to discuss how we can assist you, please do not hesitate to contact us on 01604 620616 or contact Tom Drake at firstname.lastname@example.org