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Zip Co

Zip Co

Tenant CS achieved phenomenal savings at a Premium grade office on a similar footprint and rental rate as Zip's existing B-grade space.

Client Overview

No. of projects:
Multiple Projects
Single Project
Size:
3,500sqm +/-
Locations:
Sydney
Location:
Sydney
Industry:
Finance
Project Type:
Office relocation
Project Types:
Office relocation
About the company
Zip is a leading global Buy Now, Pay Later (BNPL) company providing fair and seamless solutions that simplify how people pay.
Zip Co

Featured Project

At a glance

Secured a premium grade office at a similar rate to their existing B-grade space
Tenant centric lease terms (including first right of refusal, early access and limited makegood)
A short term holdover to aid a smooth relocation

The Brief

Faced with an upcoming lease expiry, rapid business growth, teams split over several floors, and the desire for a new office, fit for hybrid working, Zip engaged Tenant CS to:

  • Help define future office requirements
  • Conduct a comprehensive market search for suitable contiguous fitted and non-fitted office space that would showcase the brand, offer enhanced amenities and reconnect the business
  • Carry out pre-inspections and vetting of submitted properties
  • Manage inspections and shortlisting with key stakeholders
  • Enter HoA negotiations for shortlisted properties and conduct due diligence
  • Provide ongoing support and assistance to finalise HoA, AFL and lease documentation

The Results

After multiple rounds of negotiations, Tenant CS achieved phenomenal savings at Zip's preferred property, securing a brand-new Premium grade office on a similar footprint and rental rate as their existing B-grade space.

Tenant CS also successfully negotiated:

  • Limited makegood at new space (while also assisting with makegood obligations at their existing space)
  • Early access provisions for the new site
  • A short-term holdover at Zip's previous site to aid a smooth relocation
  • First right of refusal over adjoining spaces at their new site
  • Tenant centric terms across the lease

The team also provided ongoing assistance and management of the project from start to lease execution.

Zip Co

Project Team

Project Team

Project Team

"I am incredibly appreciative of their counsel and support"

Sophia and Jared did an outstanding job on this deal. Professional, efficient, and tenacious, they negotiated a great outcome for us – securing outstanding terms at our new premises while reducing our makegood liability at our previous space. I am incredibly appreciative of their counsel and support throughout this entire process. They are two top-shelf operators who I highly recommend.
Chris Patrick
Chief Operating Officer ANZ - Zip Co

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