Schaeffler

With an impending lease expiry, Schaeffler engaged Tenant CS to conduct a Stay vs. Go Analysis.

Client Overview

No. of projects:
Multiple Projects
Single Project
Size:
130 sqm
Locations:
Melbourne
Location:
Melbourne
Industry:
Industrial Manufacturer
Project Type:
Stay vs. relocate, Office relocation, Lease negotiation
Project Types:
Stay vs. relocate, Office relocation, Lease negotiation
About the company
Schaeffler is a German manufacturer of rolling element bearings for automotive, aerospace and industrial uses.

Featured Project

At a glance

The Brief

Tenant CS was assigned to investigate the financial attractiveness of renegotiating the terms at their current premises or relocating to a new building.

The Results

Tenant CS undertook the following:

  • Audit of the existing premises (including lease review and site inspection)
  • Needs analysis based on employee requirements
  • Melbourne market analysis and property benchmarks
  • Brief to market and open market search
  • Property inspections
  • Business case, including financial and qualitative analysis
  • Lease negotiation and execution

Tenant CS presented a business case that demonstrated the value of relocation, specifically through a 20% reduction in the company’s annual rent. Tenant CS was also able to negotiate with the landlord to finance upgrade works as part of the new office fit out.

'Excellent job with entrepreneurial flair'

The level of service delivered was excellent and beyond what we expected. The team did an excellent job, running the project professionally and with entrepreneurial flair.
Amir Marashian
Country Manager, Schaeffler

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