Project summary
- Lease expiry of a modern office suite occupied for 10 years. Landlord required to undertake renewal of air conditioning requiring the tenant to vacate temporarily.
- Tenant required business continuity and needed to retain a presence in the city centre. Additionally, the opportunity exited to reassessment the future office strategy following the merger of two businesses.
- Assessment of Stay or Go options including the re purpose of the existing office suite and a solution required for appropriate temporary office during landlord's works.
Solution
- To negotiate a new lease to remain in occupation post landlords upgrade works.
- Agreed for landlords works to accommodate tenants proposed alterations and subsequent location of M&E reducing tenants costs.
- Temporary office space provided by way of co-working membership providing access to the business lounges, meeting rooms and amenities of the landlords portfolio of offices in the city centre.
- Undertook a bespoke refurbishment and upgrade of outdated workplace environment.
Benefits
- New lease agreed on tenant favourable terms with concession to support funding of tenants refurbishment works.
- Reimagined and repurposed work environment that is more aligned with modern working practices to create focused, professional, social and collaborative areas.
- Business continuity and modern hub for staff and clients to use in the heart of the city centre.
