HBC Real Estate has had the pleasure to represent Elastic since its creation when they span out of their Venture Capitalist’s offices to take 3,500 sq ft of their own in Soho.
Expansion took them to 5 Southampton Street in London’s Covent Garden in 2015 where they took 6,300 sq ft on the 2nd floor. Continued expansion created a need for more space in the building and HBC Real estate have recently completed the re-gearing of the 2nd floor lease to now coincide with the acquisition of a new lease on the 1st floor where 7,360 sq ft was recently released.
Elastic now have the space they need for their future in London but with a couple of break options in their lease they have the built-in ability to release themselves from this liability to relocate as necessary. Whilst the terms of the deal remain confidential an excellent rent was negotiated with initial rent free period and additional rent free should break options not be exercised.
Heya, We're Elastic
We're the company behind the Elastic Stack — that's Elasticsearch, Kibana, Beats, and Logstash. From stock quotes to Twitter streams, Apache logs to WordPress blogs, we help people explore and analyze their data differently using the power of search.
If you are considering a move into or across the City of London then you will be looking for the right expertise to source and negotiate terms on your behalf. Talk to us at HBC for the best corporate real estate advice from advisors with years of experience and a real wealth of knowledge.
In the first instance contact:
M 07887 821387
T 020 7256 4970