Globaleye

Globaleye had an upcoming lease expiry in Singapore and was weighing up the pros and cons of relocating.

Client Overview

No. of projects:
Multiple Projects
Single Project
Size:
4,000 sq.ft
Locations:
Singapore
Location:
Singapore
Industry:
Financial Services
Project Type:
Stay vs. Go Analysis, Lease negotiation
Project Types:
Stay vs. Go Analysis, Lease negotiation
About the company
Globaleye, a multi-national organisation that provides financial solutions to both corporate and private clients.

Featured Project

At a glance

The Brief

The company was weighing up the costs and benefits of renegotiating their existing lease versus relocating to a new, fully-fitted office space. To support in the analysis phase, Globaleye appointed Tenant CS to investigate any cost saving opportunities or market alternatives that might justify a move.

The Results

Tenant CS undertook the following:

  • Audit of the existing premises (including lease review, site inspection market analysis)
  • Market exploration
  • Financial comparison of shortlisted options
  • Business case for the most financially viable option
  • Lease negotiation and execution

Tenant CS renegotiated the rental rate in Globaleye’s current building from $10 down to $9 per sq. ft./month (total savings of $50,000 over one year) and reduced the security deposit from six months to three months. As a result, Globaleye decided that staying in their current premises was the most cost effective solution and renewed their lease for another year.

'We saved on rental as well as time'

Thanks to Tenant CS, we managed to save on rental as well as time. We have no hesitation recommending Tenant CS and will certainly use their services again.
Shreemati Varadarajan
Vice President, Globaleye

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