Schindler Lifts

Renew vs Relocate
Manufacturing + Industrial
Repeat client

Using a competitive relocation process to refresh Schindler’s headquarters and secure a 50% incentive.

Location

Sydney

Client industry

Manufacturing + Industrial

Size

250-12,000 sqm

"Thanks to Tenant CS' professional approach, we never missed a rent review, lease expiry date or market opportunity. Better yet, we were able to generate significant savings across our portfolio."

David Maclaughlin

Lead Group Controller, Schindler Lifts

The brief

After more than 15 years at its South Sydney headquarters, Schindler wanted a more modern office and warehouse that better supported the business.

Tenant CS sourced relocation options and tested them against the existing position for leverage. We balanced operational requirements, visibility and the significant cost of moving a combined office-warehouse facility.

Sunlit wooden chair and bench beside a gray round table by vertical ribbed glass panels.

Results

1

50% incentive secured

The incentive materially reduced the cost of relocating and setting up the new headquarters.

2

Modern office and warehouse secured

The new site refreshed Schindler’s working environment while meeting the practical requirements of both office and operational teams.

3

Tenant advisory fee covered

Landlord-paid advisory costs preserved more of the negotiated value for Schindler.

4

Visibility built into the site selection

The selected property offered stronger exposure and signage potential alongside the required operational functionality.

Real businesses, real results

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