Aimia

The key objective was to secure terms that would generate savings on Aimia’s overall real estate costs.

Client Overview

No. of projects:
Multiple Projects
Single Project
Size:
900 sqm
Locations:
Sydney, Melbourne
Location:
Sydney, Melbourne
Industry:
Loyalty Solutions
Project Type:
Lease negotiation
Project Types:
Lease negotiation
About the company
Aimia is a global leader in loyalty marketing, services, technology and data platforms. With 80+ years of loyalty and marketing experience, Aimia operates over 100 programs in more than 32 markets globally.
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Featured Project

At a glance

The Brief

Aimia was looking at rationalising their workplace environment by making a more efficient use of it. The business had chosen to relinquish a portion of the office and consolidate the team in one area. Tenant CS was hence appointed to identify a replacement tenant on the market that would take over the space via a sublease or assignment of lease contract.

This involved:

  • Working hand in hand with Aimia to establish the project’s key objectives and milestones to be achieved.
  • Creating marketing materials to promote the space.
  • Market exploration and canvassing to identify a suitable replacement tenant.
  • Property inspections with prospective parties.
  • Negotiating sublease terms on behalf of Aimia.
  • Creating a business case for board’s approval.
  • Liaising with Charter Hall to obtain the deed of consent.

The Results

Within 6 months only, Tenant CS identified a suitable replacement tenant that took over Aimia’s space and started paying rent. The terms negotiated by Tenant CS allowed Aimia to generate savings which had a positive impact on the KPIs established by the company’s headquarter at project’s start. Tenant CS also assisted Aimia in selecting a design and construction partners to assist with the remodelling of the office.

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