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.