PRS for Music chief executive Robert Ashcroft says the organisation is under no immediate pressure to find a new home following the £35m sale of its central London headquarters.
The long leasehold of 25-27 and 29-33 Berners Street in W1 was sold earlier this year to property investment and development business Derwent London with PRS in turn leasing back the two buildings for three years.
This is subject to a tenant only break option after 18 months. Derwent owns and ...
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