A smart Sydney CBD relocation that delivered more space, stronger lease terms and over $700k in savings.
Sydney
Manufacturing + Industrial
260 sqm
With lease expiry approaching and headcount growing, POSCO International needed a larger Sydney CBD office, and quickly.
Tenant CS led the market search and lease negotiation, while keeping communication clear across POSCO’s Australian team and Korean HQ. The goal was simple: secure a better workplace without overpaying for the move.
Negotiated improvements across rent, incentive, fit-out and lease liabilities delivered substantial value over the term.
The incentive materially reduced occupancy costs and strengthened the economics of the relocation.
A landlord-funded fit-out, plus additional works, reduced the capital POSCO needed to invest upfront.
Annual rent increases were negotiated down, alongside reduced make good obligations, to create savings well beyond day one.
Learn other ways we've helped clients with their property requirements.
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