Samsung

  • 300sqm
  • Adelaide
  • Electronics

The Brief

Samsung Electronics appointed Tenant CS to search for new office space in Adelaide and negotiate & finalise tenant friendly lease terms.

The existing building no longer met the requirements and the company wanted to ‘future-proof’ the work space.

It was important that the new building would meet the corporate guidelines. As such, it needed to be in a prominent location and provide excellent signage possibilities. All the requirements were captured in a detailed Market Brief.

The Solution

  • Brief sent to market, only suitable properties were presented to the client for smooth review
  • Two rounds of inspections identifying the most suitable properties
  • Negotiations took place for shortlisted options and the
  • Outcome was modelled in a financial analysis
  • Business case provided from which the client selected the most suitable option for final negotiations

The Results

After scoping the entire market, Samsung was shown the most suitable properties and was able to select the best available option.

The finalised commercial terms were very favourable, however unexpectedly the lease execution was delayed. This impacted the planned fit out works and timing significantly. Through vigorous communication with the landlord, Tenant CS was able to push out the lease commencement date, so no time was lost to Samsung.

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