Schaeffler

Schaeffler, a German manufacturer of rolling bearings, had an upcoming lease expiry for their Melbourne office.

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

• 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.