Assa Abloy

Facing an upcoming lease expiry, Assa Abloy engaged Tenant CS to assist their relocation project.

Client Overview

No. of projects:
Multiple Projects
Single Project
Size:
3,600 sqm
Locations:
Melbourne
Location:
Melbourne
Industry:
Manufacturing
Project Type:
Office Relocation, Lease Negotiation
Project Types:
Office Relocation, Lease Negotiation
About the company
Assa Abloy is the largest global supplier of intelligent locks and security solutions. The Swedish company operates in over 70 countries and employs around 47,000 employees worldwide.

Featured Project

At a glance

The Brief

Assa Abloy had an upcoming lease expiry in one of its Australian premises based in Melbourne. The company needed assistance to relocate their site to a larger industrial space in a better location with more office space. The company also needed the new space to mirror their corporate image.

The Results

Tenant CS undertook the following:

  • Definition of needs including financial and property objectives
  • Melbourne market analysis and property benchmark
  • Open market search for suitable options (brief to market)
  • Defining list of options
  • Site inspections
  • Business case, including financial and qualitative analysis
  • Lease negotiation and execution

Following an extensive investigation into the Melbourne market, Tenant CS assisted Assa Abloy in relocating to a build-to-suit space. That enabled them to build the exact amount of office space required and to move into a brand-new building.

The project schedule was planned very carefully to ensure all milestones were delivered on time. Tenant CS also negotiated favourable lease terms and strong incentive on their behalf.

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