Beiersdorf

With an lease expiry on the horizon Beiersdorf engaged Tenant CS to help them relocate to a prime office space with tenant-centric lease terms.

Client Overview

No. of projects:
Multiple Projects
Single Project
Size:
400 sqm
Locations:
Melbourne
Location:
Melbourne
Industry:
FMCG
Project Type:
Office Relocation, Lease Negotiation
Project Types:
Office Relocation, Lease Negotiation
About the company
Beiersdorf is a German personal-care company that has more than 150 affiliates around the globe. Worldwide, Beiersdorf employs over 16,500 people of whom 965 are scientists.

Featured Project

At a glance

The Brief

With a growing headcount and imminent lease expiry for their Melbourne site, Beiersdorf was looking to relocate to a larger space more in line with its corporate image.

The Results

Tenant CS undertook the following:

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

Tenant CS assisted Beiersdorf in relocating to a prime office space in their preferred suburb and negotiated favourable lease terms on their behalf. These terms included a 24% incentive on a 3-year lease, which is well above the market average of 8-10%.

The new office space is also located in a modern A-Grade building that reflects Beiersdorf’s global corporate image.

'Competitive market rate'

Tenant CS assisted Beiersdorf in relocating our Melbourne office, assisting us to secure new premises more in line with the company corporate image and at a competitive market rate. The team was professional, worked efficiently and communicated clearly with myself and the team throughout the process.
Glenn Hall
Strategic National Business Manager, Beiersdorf

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