BSI

In a matter of weeks, Tenant CS identified and secured a premium fitted space with better-than-the-market commercial terms.

Client Overview

No. of projects:
Multiple Projects
Single Project
Size:
900 sqm
Locations:
Macquarie Park, Melbourne
Location:
Macquarie Park, Melbourne
Industry:
Business
Project Type:
Relocation, Renewal
Project Types:
Relocation, Renewal
About the company
BSI Group is the world’s first Standards Body and founding member of ISO. Since 1901, BSI has been helping organisations across the globe improve and capture best practice.

Featured Project

At a glance

Secured premium fitted space at preferred location
Achieved in excess of $500k worth of savings
Negotiated at the height of Covid

The Brief

Tenant CS was engaged in the height of Covid-19 to help BSI navigate their unique property requirements. The business was faced with an uncooperative landlord, fast approaching lease expiry, full makegood and uncertain market conditions. Tenant CS worked to:

  • Establish space requirements, project milestones, and timing objectives
  • Canvass the market to identify suitable relocation options within North Shore
  • Enter lease negotiations with the owners of shortlisted properties and BSI’s current landlord
  • Provide ongoing financial analysis regarding the progression of offers
  • Secure preferred relocation options with very best commercial terms
  • Pull together a strong business case for relocation for Head Office’s approval
  • Coordinate final lease documentation, makegood and fitout modifications (where required).

The Results

In the space of a few weeks, Tenant CS was able to identify and secure a preferred premium fitted space, negotiating commercial terms that were better than the market.

From the first landlord offer to final agreeable terms, Tenant CS was able to achieve in excess of $500k in savings. The company was also afforded the opportunity to relocate to a space with a more efficient floorplan, in an A grade building at their preferred location.

The deal was negotiated in the height of Covid-19 and one of the larger North Shore transactions in 2021, because of this the tenant a great deal with most items negotiable. Tenant CS also successfully mitigated the risks associated with a full make good and lease expiry by managing the entire process from start to finish.

'Transparent and proactive approach'

We were faced with a lease expiry, uncooperative landlord, full makegood and uncertain market conditions. Tenant CS secured our preferred property with better-than-market commercial terms at a lower cost compared to renewal. Their transparent and proactive approach made the process easy.
Charlene Loo
General Manager, Finance ANZ - BSI

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