Cowell Clarke

Cowell Clarke

With specific requirements in mind, Cowell Clarke engaged Tenant CS to spearhead their office relocation project.

Client Overview

No. of projects:
Multiple Projects
Single Project
Size:
450-600
Locations:
Sydney
Location:
Sydney
Industry:
Legal Advisory
Project Type:
Office Relocation
Project Types:
Office Relocation
About the company
Cowell Clarke is a specialist corporate commercial law firm that provides its clients with integrated solutions that help them do business and manage risk in Australia and overseas.
Cowell Clarke

Featured Project

At a glance

50% incentive
Removal of make good clause
Landlord paid tenant rep fee on top

The Brief

When Cowell Clarke, an innovative legal advisory firm, embarked on their journey to establish their Sydney office, they knew they needed to find a space that would align with their unique culture and working style. With specific requirements in mind, including an open-plan layout, ample collaboration areas, a spacious kitchen and the desire to be in Sydney's core financial district, Cowell Clarke engaged Tenant CS to spearhead the project.

The Results

After multiple rounds of negotiations, Tenant CS achieved phenomenal savings at Cowell Clarke's preferred property, securing a full floor at 50 Pitt Street which enjoys an outdoor terrace, excellent natural light, views over the park and brand-new end-of-trip facilities. 

Tenant CS also successfully negotiated: 

  • A 34% gross incentive (approximately $1.4 million), to be used as a rent reduction or capital contribution.
  • Significant landlord works on top of the gross incentive
  • Removal of make good
  • Four months early access - allowing Cowell Clark to complete their fit-out and aided a smooth transition into their new premises. 

Overall, when considering the gross incentive, additional landlord works, and early access collectively, Tenant CS achieved a total incentive of 50.46% from the landlord and negotiated for the landlord to pay the tenant rep fees on top.

Cowell Clarke

Project Team

Project Team

Project Team

Negotiated outstanding terms and savings

From the beginning, Tenant CS understood our unique culture and working style, securing us a full floor that ticked all our boxes. They also negotiated outstanding terms and savings, including a 50% incentive, the landlord to pay the tenant rep fee, and the removal of any make-good obligations. We're grateful to the team for their unwavering commitment, professionalism, and expertise throughout the process. Highly recommend.
Rob Comazzetto
Managing Director - Cowell Clarke

More success stories

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