| 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 |