THE CHALLENGE

Ellivo, a high-end boutique architecture and design firm, located in Brisbane has recently settled into their new home at 88 Creek Street in Brisbane’s CBD with the help of ACORPP. Ellivo was previously located in Fortitude Valley. ACORPP worked with them through their future business proposition which resulted in a decision to relocate to the city center.

WHAT WE DID

As Ellivo’s tenant representative, we sourced several space options before negotiating an outstanding lease agreement, securing 378sqm of office space.

THE RESULTS

The space at 88 Creek Street originally comprised an old and dated fit out. ACORPP negotiated with the owner’s agent to have the landlord remove all fit out and provide a bare shell at no cost to Ellivo. “That was just one of the many areas where we were able to help Ellivo reduce outlays,” ACORPP director Danni Toshack said.
Ellivo was able to save more than $300,000 by using ACORPP’s expertise.

Photography by Mindi Cooke
Information gathered from ACCORP

THE CHALLENGE

OccPhyz is a new collaborative of leading occupational environmental physicians. These specialists assess and manage all aspects of medico-legal practice across Queensland.

WHAT WE DID

ACORPP sourced and negotiated a lease on the spacious new premises that needed to meet specific location, size and budget requirements. ACORPP Brisbane’s increasing profile and expertise in the medical sector guided OccPhyz on understanding how much space each physician required, costs for a specialized fit out and how the overall project would need to meet Queensland health code requirements.

Senior Property Consultant Danni Toshack said start-up costs for a new entity meant lease terms and structure were crucial to future success. “Our property advisory team did what we do best and provided independent tenant representation services and conducted the negotiation with tailored lease terms,” she said. “These specific terms were unique to this client and their strategic business needs.”

THE RESULTS

Danni said OccPhyz were now established in their new environment and were doing what they did best: providing medical and health-based services to community and corporate clients throughout Queensland. “It’s a great example of two sets of professionals working at their specific strengths – they appreciated that we could add great value by representing them in the end-to-end leasing process.”

Photos: Supplied by Archway Commercial Interiors.
Information gathered from ACCORP

THE CHALLENGE

Lagardère Travel Retail Singapore is a division of Lagardère Asia Pacific. The company is a leader in travel retail, with stores in major transport hubs in the region.

Lagardère was looking to consolidate their Singapore office and Asian HQ into one single site. They required a 6,000 sq.ft office that reflected their brand and values and was close to all amenities and public transport (direct access to the MRT stations along the East-West line was a must). The company also wanted their new space to be close to both Changi Airports and the CBD.
Tenant CS was appointed to conduct a site search on behalf of Lagardère.

WHAT WE DID

• Audit of the existing premises (including lease review, site inspection, and market analysis)
• Needs assessment for the new facility
• Singapore market analysis and site selection
• Building inspections
• Financial feasibility of options shortlisted
• Negotiation of new lease terms

THE RESULTS

Tenant CS found a suitable office space (6,500 sq.ft) within the SingPost building in the new city precinct and regional hub of Paya Lebar.

The SingPost building features a newly renovated lobby, competitive rental rates and is near Changi Airports and the CBD. Plus, with the Paya Lebar MRT Interchange within walking distance, employees now enjoy easy access to different pockets of Singapore via the East-West Line and the Circle line.

Information gathered from Tenant CS

THE CHALLENGE

CXC Global is a leading provider of contractor management solutions with offices in 69 countries and across 5 continents.

With a planned growth in headcount, upcoming lease expiry and imminent increase in their commercial rent, remaining in the existing premises was not an option. Yet, good alternatives appeared to be very limited.

CXC engaged Tenant CS to help them gain the upper hand in a tight market, with a particular focus on ‘off-market’ opportunities in Sydney CBD and North Sydney and negotiating a tenant-friendly lease.

WHAT WE DID

• Audit of the existing premises (including lease review, site inspection, and market analysis)
• Needs assessment for the new facility
• Singapore market analysis and site selection
• Building inspections
• Financial feasibility of options shortlisted
• Negotiation of new lease terms

THE RESULTS

Tenant CS found a suitable office space (6,500 sq.ft) within the SingPost building in the new city precinct and regional hub of Paya Lebar.
The SingPost building features a newly renovated lobby, competitive rental rates and is near Changi Airports and the CBD. Plus, with the Paya Lebar MRT Interchange within walking distance, employees now enjoy easy access to different pockets of Singapore via the East-West Line and the Circle line.

Information gathered from Tenant CS

THE CHALLENGE

Samsung Electronics appointed Tenant CS to search for new office space in Adelaide and negotiate & finalize tenant friendly lease terms.

The existing building no longer met the requirements and the company wanted to ‘future-proof’ the work space.

It was important that the new building would meet the corporate guidelines. As such, it needed to be in a prominent location and provide excellent signage possibilities. All the requirements were captured in a detailed Market Brief.

WHAT WE DID

• Brief sent to market; only suitable properties were presented to the client for smooth review
• Two rounds of inspections identifying the most suitable properties
• Negotiations took place for shortlisted options and the
• Outcome was modelled in a financial analysis
• Financial feasibility of options shortlisted
• Business case provided from which the client selected the most suitable option for final negotiations

THE RESULTS

After scoping the entire market, Samsung was shown the most suitable properties and was able to select the best available option.

The finalized commercial terms were very favorable, however unexpectedly the lease execution was delayed. This impacted the planned fit out works and timing significantly. Through vigorous communication with the landlord, Tenant CS was able to push out the lease commencement date, so no time was lost to Samsung.

Information gathered from Tenant CS

THE CHALLENGE

The acquisition of a new London headquarters of 13,228 sq ft combined with a subsequent 6,666 sq ft subletting to a global online job board business.

WHAT WE DID

Negotiated an initial $1.563 million concession and subsequently realized a $20.84 per sq ft profit rent.

THE RESULTS

Saved over $1.563 million over the first 5 years of the term and achieved a $20.84 per sq ft profit rent on subletting 6,666 sq ft.

With offices in London and Seattle, ATG’s websites and online bidding platforms (the-saleroom.com, i-bidder.com, BidSpotter.co.uk and BidSpotter.com) are internationally recognized as the best in the business with exceptional brand recognition.

Bidders from around the world can browse fully illustrated sale catalogues and place bids over the internet in real time with live audio and video feeds delivering the auction room atmosphere. Bidders are also able to participate in timed, online only auctions.

Information gathered from The Levy Group

THE CHALLENGE

New London Headquarter office acquisition and a simultaneous sub-letting to a major hedge fund. An aggregate of 22,590 sq ft over the two deals.

WHAT WE DID

Saved more than $2.68 million over the first 5 years of the term.

THE RESULTS

Achieved more than $2.68 million over the first 5 years of the lease.

OTPP is Canada’s largest single-profession pension plan with $171.4 billion in net assets paying pensions and invest plan assets on behalf of 316,000 working and retired teachers.

Since their establishment and an independent organization in 1990 Teachers’ has built an international reputation for innovation and leadership in investment management and member services.

Information gathered from The Levy Group

THE CHALLENGE

New headquarter acquisition of 1,8330 sq ft.

WHAT WE DID

Saved over $117,000 over the first 5 years of the term.

THE RESULTS

More than $117,000 over the first 5 years of the lease.

MCA is the representative body for management consultancy firms in the UK and has been at the heart of the UK Consulting Industry since 1956.

The MCA’s mission is to promote the value of management consultancy for the economy and society as a whole. MCA’s member companies comprise around 60% of the UK consulting industry, employing around 38,000 consultants and work with over 90 of the top FTSE 100 companies and almost all parts of the public sector. The UK consulting industry is amongst the best in the world and a vital part of the business landscape.

Information gathered from The Levy Group