Givaudan is a Swiss manufacturer of flavours, fragrances, and active cosmetic ingredients. The firm is one of the world’s largest companies in the flavour and fragrance industries.
With an upcoming lease expiry for their office/laboratory space in Sydney, Givaudan wanted to get a good understanding of their current situation vs the other options available on the market. Givaudan appointed Tenant CS to conduct a stay versus leave analysis in order to assess the best option.
The company was looking to align their real estate with their worldwide strategy and for the most cost-effective and functional occupancy solution.
Following a thorough investigation into the Sydney West market, Tenant CS presented a business case to Givaudan’s Board that demonstrated the benefits of staying at their existing premises given the very low number of suitable options available at the time.
Moreover, Givaudan went through a restructure that impacted their initial requirements. This gave Givaudan even more reason to renew the commercial lease at their existing premises.