Samsung

Samsung's existing building no longer met their requirements and the company wanted to ‘future-proof’ their work space.

Client Overview

No. of projects:
Multiple Projects
Single Project
Size:
300 sqm
Locations:
Adelaide
Location:
Adelaide
Industry:
Electronics
Project Type:
Office Relocation, Lease Negotiation
Project Types:
Office Relocation, Lease Negotiation
About the company
Samsung is one of the world’s largest producers of electronic devices. They specialise in the production of a wide variety of consumer and industry electronics including appliances, digital media devices, semiconductors, memory chips, and integrated systems.

Featured Project

At a glance

The Brief

Samsung Electronics appointed Tenant CS to search for new office space in Adelaide and negotiate & finalise tenant friendly lease terms.

The existing building no longer met the requirements and the company wanted to ‘future-proof’ the work space.

It was important that the new building would meet the corporate guidelines. As such, it needed to be in a prominent location and provide excellent signage possibilities. All the requirements were captured in a detailed Market Brief.

The Results

Tenant CS undertook the following:

  • Brief sent to market, only suitable properties were presented to the client for smooth review
  • Two rounds of inspections identifying the most suitable properties
  • Negotiations took place for shortlisted options and the
  • Outcome was modelled in a financial analysis
  • Business case provided from which the client selected the most suitable option for final negotiations

After scoping the entire market, Samsung was shown the most suitable properties and was able to select the best available option.

The finalised commercial terms were very favourable, however unexpectedly the lease execution was delayed. This impacted the planned fit out works and timing significantly. Through vigorous communication with the landlord, Tenant CS was able to push out the lease commencement date, so no time was lost to Samsung.

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