AN Oxford company that engaged an acquisition surveyor when planning to expand into city centre offices has seen the move bear fruit - it will pay lower rent than that initially quoted.

Savills' Commercial Agency team has successfully concluded the acquisition of additional office space on behalf of Oxford Analytica, just across the road from their current premises at 5, Alfred Street.

Oxford Analytica is an independent consulting firm which draws upon a network of senior faculty members at Oxford University and other major universities to give a global strategic analysis of geo-political, macro economic and social developments.

The company now has an additional 2,772 sq ft at a passing rent of £51,282 per annum which Savills negotiated down from the quoting rent of £21 to £18.50 per sq ft.

The ground floor suite of Blue Boar Court, on Alfred Street, Oxford, was recently vacated by Oxera Consulting, who moved into new offices at Park Central.

Oxera Consulting is an independent consultancy providing economic insight across several major sectors to governments, regulators and large industrial corporations.

James Neary of Savills says: "This is a prime example of where an acquisition surveyor can save an ingoing tenant considerable amounts of money for both the short term and the long term.

"After long drawn out negotiations, with the landlord and the landlords agents, I am confident that we negotiated a good deal on behalf of Oxford Analytica. Our fees will be easily covered by the money we saved them."

For further information, contact James Neary, Savills Oxford, 01865 2690061.