Givaudan

The company was looking to align their real estate with their worldwide strategy and for the most cost-effective and functional occupancy solution.

Client Overview

No. of projects:
Multiple Projects
Single Project
Size:
1,300 sqm
Locations:
Sydney
Location:
Sydney
Industry:
Flavour and fragrance
Project Type:
Stay vs. Relocate, Lease Negotiation
Project Types:
Stay vs. Relocate, Lease Negotiation
About the company
Givaudan is a Swiss manufacturer of flavours, fragrances, and active cosmetic ingredients. The firm is one of the world's largest companies in the flavour and fragrance industries.

Featured Project

At a glance

The Brief

With an upcoming lease expiry for their office/laboratory space in Sydney, Givaudan wanted to get a good understanding of their current situation vs the other options available on the market. Givaudan appointed Tenant CS to conduct a stay versus leave analysis in order to assess the best option.

The Results

Tenant CS undertook the following:

  • Audit of the existing building (including a comprehensive workplace, legal and financial analysis)
  • Market analysis and property benchmarks
  • Definition of need to confirm property requirements
  • Brief to market and exploration to source properties
  • Property inspections
  • Business case, including financial and qualitative analysis
  • Lease negotiations with current landlord
  • Lease execution and finalisation

Following a thorough investigation into the Sydney West market, Tenant CS presented a business case to Givaudan's Board that demonstrated the benefits of staying at their existing premises given the very low number of suitable options available at the time.

Moreover, Givaudan went through a restructure that impacted their initial requirements. This gave Givaudan even more reason to renew the commercial lease at their existing premises.

More success stories

Tell us about your project
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Tell us about your project
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
No items found.