With the business recently being purchased by Bendigo & Adelaide Bank, a new tech headquarters was needed for this growing Australian brand that would:
After exploring on-and-off-market opportunities and negotiating on multiple shortlisted properties, Tenant CS negotiated a Lease Assignment and a direct lease extension from the landlord.
Through these efforts, the team secured Ferocia a 3,000 sqm office over a 7-year lease term. This allowed them to accommodate projected growth and set up a co-working facility for like-minded tech businesses in the short term.
Tenant CS's robust negotiation strategy also resulted in the highest incentive paid in Tenant CS's Melbourne history, which the exiting tenant paid.