NorthCo Workspaces

NorthCo Workspaces

Seeking to establish their presence in Melbourne, NorthCo by Flexi Group engaged Tenant CS to secure a large space with a generous up front incentive.

Client Overview

No. of projects:
Multiple Projects
Single Project
Size:
2,500 sqm
Locations:
Melbourne
Location:
Melbourne
Industry:
Coworking
Project Type:
Site Selection
Project Types:
Site Selection
About the company
NorthCo offers coworking and meeting space that combines functionality with high-speed internet, reception and more to complement your business.
NorthCo Workspaces

Featured Project

At a glance

Landlord contribution of over $3 million
5-months early access
Removal of make good obligations

The Brief

Renowned global co-working operator, Flexi Group, sought to establish their presence in Melbourne with the introduction of NorthCo Workspaces. With a track record of over 40 sites worldwide, the company engaged Tenant CS to assist in finding a suitable 2,000-3,000 sqm space in an inner-city location. A key objective of the brief was to secure a generous upfront incentive that could be put towards building a new and customised fit-out.

The Results

Leveraging their strong industry relationships, Tenant CS sourced an exceptional off-market opportunity in a brand new development in Abbotsford.

Though multiple coworking spaces vied for the space, the team presented a compelling proposal to the landlord on behalf of NorthCo by Flexigroup, ultimately securing the premises.

The landlord was willing to invest over $3 million in a state-of-the-art fit-out to be built in collaboration with NorthCo. On top of this, Tenant CS negotiated five months early access and the removal of any make-good obligations.

Tenant CS also played a crucial role in facilitating the fit-out process, liaising closely with the tenant, landlord, and design specialists to finalise floor plan design and specs.

NorthCo Workspaces

Project Team

Project Team

Project Team

'Grateful for Tenant CS's expertise and partnership, which has proven to be invaluable'

We are thrilled to have Tenant CS as our partner! Thanks to their exceptional industry relationships and negotiation skills, we were able to secure an off-market opportunity that resulted in a remarkable $3 million fit-out investment by the landlord. Additionally, their unwavering support and guidance allowed us to successfully navigate a hybrid style management agreement. As Flexi Group continues to expand in the Australian market, we're grateful for Tenant CS's expertise and partnership, which has proven to be invaluable.
Simon Hall
Country Manager Australia - The Flexi Group

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