Avison Young advises PSL Group on London relocation

Avison Young has advised PSL Group Europe on the disposal of its existing office space and the relocation of the business in the West End.

The medical marketing specialist has sub-let 75 Davies Street, Mayfair W1 to Lodha Developers on a short-term basis to April 2020. The 9,787 sq ft office has been taken at a rent of £50.00 per sq ft.

Avison Young has secured a newly refurbished 4,640 sq ft office at 30 Great Pulteney Street in Soho for PSL Group, on a five-year lease at a rent of £59.50 per sq ft, as well as project managing the fit-out for the new space. The landlord of 30 Great Pulteney Street is Sir Richard Sutton Limited.

Knight Frank advised Sir Richard Sutton and also advised Lodha Developers on its acquisition.

Mark Woodford, Estate Manager at Sir Richard Sutton said “We are delighted to welcome PSL Group to 30 Great Pulteney Street. They have taken the one vacant floor in the building and will, I am sure, complement our existing tenants such as M&C Saatchi.”