Lease Surrender Completed for Lo Profile at 84-86 Wardour Street
February 26, 2013
On behalf of Qsoft Properties, Davis Coffer Lyons has negotiated the lease surrender for 84-86 Wardour Street, Soho.
The ground floor and basement property was formerly trading as a nightclub and bar called Profile and Lo Profile, operated by Gay and lesbian dating site Gaydar. The landlord, Legal & General Assurance, agreed to the tenant a substantial surrender premium.
Jonathan Moradoff, Associate Director at Davis Coffer Lyons, said, The building on Wardour Street is now undergoing some major refurbishments and as such, an agreement was reached for the lease to be surrendered back to the landlord. Gaydar owners, Qsoft, has therefore decided to focus on the international expansion of its core digital dating brands Gaydar and Gaydar Girls.
Davis Coffer Lyons acted for Qsoft Properties. Shelley Sandzer acted on behalf of Legal & General Assurance (Pensions Management) Ltd.