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Schindler Lifts

Schindler Lifts

In a bid to refresh their headquarters, Schindler engaged Tenant CS to source relocation options for their South Sydney office/warehouse.

Client Overview

No. of projects:
Multiple Projects
Single Project
Size:
250-12,000 sqm
Locations:
Sydney, Newcastle, Melbourne, Brisbane, Canberra, Adelaide
Location:
Sydney, Newcastle, Melbourne, Brisbane, Canberra, Adelaide
Industry:
Elevator Manufacturer
Project Type:
Relocation, Stay vs. Go, Lease Negotiation, Porfolio Analysis
Project Types:
Relocation, Stay vs. Go, Lease Negotiation, Porfolio Analysis
About the company
Schindler Group is a leading global mobility provider with approximately 60,000 employees in more than 100 countries.
Schindler Lifts

Featured Project

At a glance

Newly built warehouse in tight South Sydney market
Locked in below market rent and above market incentives for the long term
Prominent location with signage rights

The Brief

Schindler Lifts, a leading provider of innovative mobility solutions, recognised the need to revitalise its Australian headquarters in South Sydney. Having occupied its previous site for over 15 years, the company sought a fresh start and engaged Tenant CS to help relocate its office and warehouse to a more modern and strategically positioned site.

The Results

Tenant CS embarked on a comprehensive search that involved sending a detailed brief to the market and exploring various built-to-suit options. 

Through careful negotiation and strategic planning, Tenant CS secured the deal for a new site by leveraging a pre-commitment agreement. This allowed the landlord, Charter Hall, to construct a multi-level warehouse with state-of-the-art facilities - the first of its kind in Australia.

Tenant CS also negotiated:

  • A below-market rent (the timing of the lease finalisation proved fortuitous, occurring just before the industrial market heated up. Today, the rental rate would be considered 50% below market)
  • An above-market incentive
  • Prominent signage rights onto Gardeners Road, ensuring excellent brand exposure. 
  • For the landlord to cover the tenant representation fee in addition to the exceptional savings package

Schindler Lifts

Project Team

Project Team

Project Team

'Significant savings across our portfolio'

Thanks to Tenant CS’ professional approach, we never missed a rent review, lease expiry date or market opportunity. Better yet, we were able to generate significant savings across our portfolio.
David Maclaughlin
Lead Group Controller, Schindler Lifts

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