Using a "renew vs relocate" market testing process to save $1.4m and improve current lease position.
Sydney
Healthcare + Social Impact
1,200 sqm
With its Chatswood lease approaching expiry, iNova Pharmaceuticals needed to know whether moving office would genuinely deliver better value.
Tenant CS tested the market, modelled the true cost of relocation and built a renewal business case, which ultimately identified the better solution as staying in the existing premises and negotiating revised terms.
The "renew vs relocate" process converted market evidence into a materially stronger commercial outcome for iNova Pharmaceuticals.
By proving the existing premises could deliver the better outcome, iNova avoided moving simply because the lease was expiring.
A better solution within the current premises addressed workplace needs while preserving the value already invested in the office.
The business case compared the true cost of both paths, giving iNova confidence that renewal was the smarter option.
Learn other ways we've helped clients with their property requirements.
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