More space, stronger terms and future liabilities negotiated away
Sydney
Technology + Digital
1,700 sqm
With headcount growing, Nuix needed more space but had a strong preference to remain at their current premises.
Rather than treating the renewal as a straightforward stay-put decision, Tenant CS used the wider market to create leverage and negotiate a deal that supported Nuix’s growth while materially improving the cost and risk of the lease.
Creating leverage allowed Nuix to renew on significantly better terms. They also expanded across one-and-a-half floors in the same building, giving the team more space while avoiding the cost and disruption of a full move.
The renewed lease also removed future make good exposure, reducing long-term liability.
A strong incentive materially improved the commercial value of the renewal.
Further value was negotiated outside the incentive, reducing Nuix’s cost of preparing the expanded space.
Learn other ways we've helped clients with their property requirements.
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