Dassault Systemes

Dassault appointed Tenant CS to assess whether it was preferable to stay in their existing office or relocate to a single floor tenancy.

Client Overview

No. of projects:
Multiple Projects
Single Project
Size:
1,500 sqm
Locations:
Melbourne
Location:
Melbourne
Industry:
Software Development
Project Type:
Stay vs. Relocation, Office Relocation, Lease Negotiation
Project Types:
Stay vs. Relocation, Office Relocation, Lease Negotiation
About the company
Dassault Systemes is a 3D Experience Company that provides businesses and people with virtual universes to imagine sustainable innovations. Its platform transforms the way products are designed, produced, and supported.

Featured Project

At a glance

The Brief

With its Melbourne office split between two floors and an upcoming lease expiry, Dassault wanted to select a tenant representative to map down its property requirements and explore on and off-market opportunities.

Dassault appointed Tenant CS to assess whether it was preferable to stay in the existing office and refit or to relocate into a single floor tenancy within the Melbourne fringe markets.

The Results

To ascertain the best solution for the business, Tenant CS undertook the following:

  • Kick-off meeting with the various stakeholders spread across Japan, Singapore and Australia
  • Inspection of the existing site
  • Legal and financial review of the lease
  • Workshops involving Finance, HR and IT teams to determine the requirements
  • Market exploration focusing on sublease and off-market opportunities
  • Inspections of properties with Dassault while simultaneously negotiating new terms with the existing landlord
  • Preparation of a business case highlighting the financial and qualitative merit of each shortlisted property
  • Drive the approval process with the French Headquarter in order to limit the risks of losing properties
  • Introduction of fit-out companies for a refurbishment of the existing office as well as the fit-out of the preferred property for relocation
  • Lease finalisation and coordination with solicitors
  • Negotiation of a lease extension on the existing premises in order to facilitate the transition into the new property

While the focus was originally on the fringe market, Tenant CS identified a ‘’wild card’’ option within the Melbourne CBD, just metres away from Flinders Street Station.

The sitting tenant was looking at exiting the space by assigning their lease and offering a brand new fitout as part of the deal.

The single floor tenancy will support Dassault reinforcing its company culture and increase synergies between teams. Dassault will be able to leverage the collaborative modern fitout to retain key staff and attract new employees.

Dassault is very excited to move into the new office and Tenant CS is already working on the next project with the team.

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