Club Med

Facing an upcoming lease expiry, Club Med wanted to explore the costs and benefits of relocating to a new site or renewing their existing lease.

Client Overview

No. of projects:
Multiple Projects
Single Project
Size:
14,000 sq.ft.
Locations:
Singapore
Location:
Singapore
Industry:
Hospitality
Project Type:
Stay vs. Relocate Analysis, Office Relocation, Lease Negotiation
Project Types:
Stay vs. Relocate Analysis, Office Relocation, Lease Negotiation
About the company
Club Med is a hospitality and leisure service provider with over 80 properties worldwide. The company started back in 1950 and is famous for its all-inclusive holiday village concept.

Featured Project

At a glance

The Brief

Club Med’s lease at their River Valley Road location in Singapore was expiring. The company had been at this address for nine years and wanted to explore the costs and benefits of either relocating to a new site or renewing the existing lease at a more competitive rental rate. Tenant CS was appointed to conduct a stay vs go analysis for Club Med.

The company required a fully-fitted space of 14,000 sq.ft. within the central part of Singapore, close to public transport.

The Results

  • Audit of the existing building (including a comprehensive workplace, legal and financial analysis)
  • Market analysis and property benchmarks
  • Definition of Club Med’s needs to establish basic property requirements
  • Exploration of the commercial property market
  • Property inspections
  • Business case, including financial and qualitative analysis
  • Lease negotiations with current landlord
  • Lease renewal and finalisation

Tenant CS shortlisted a few spaces for Club Med to consider. However, after a round of inspections, Club Med decided to remain at their current location.

Tenant CS was able to negotiate a substantial rental saving and, after analysing Club Med’s space and preferred way of working, recommended an activity-based working (ABW) set up to increase team productivity and improve the quality of the working environment. This concept has now been successfully implemented by Club Med.

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