Bringing forward savings and stronger lease terms well before RedZed’s lease expiry.
Melbourne
Finance + Insurance
1,287 sqm
Rather than wait for their lease expiry, RedZed moved early to improve the economics of its 1,287 sqm Melbourne CBD office.
Tenant CS benchmarked the market, identified credible alternatives for leverage and ran a mid-term renewal strategy designed to capture current incentives, reduce future liabilities and secure longer-term certainty without disrupting the business.
Competitive tension helped secure an above-market incentive, improving upfront value and giving RedZed more room to manage relocation or workplace costs.
Rent abatement and a landlord capital contribution created value now, rather than waiting until the next lease event.
Lower future liabilities and security requirements improved the overall efficiency of the lease.
Favourable fixed annual increases gave RedZed greater cost certainty while retaining a building that already suited the business.
Learn other ways we've helped clients with their property requirements.
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