Pernod Ricard, a French-owned company that has built a unique portfolio of premium wines and spirits, was looking to downsize their South Brisbane office. The excess space was a significant cost to the business.
Locked into a long-term lease, Pernod Ricard assigned Tenant CS to negotiate a lease exit so that they could relocate their operations quickly and with minimal hassle.
After identifying a lease surrender as the most cost-effective option, Tenant CS negotiated a cash settlement with the landlord, which included make good costs. This settlement equated to a 52% saving over the remaining lease term – a result that Pernod Ricard would not have been able to achieve without the right representation and advice.
Tenant CS also handled bothersome administrative tasks in conjunction with the appointed legal counsel, leaving Pernod Ricard with more time to focus on their core business