Upgrading Zip from B-grade to Premium-grade space at a similar footprint and rental rate.
Sydney
Technology + Digital
3,500+ sqm
"Jared did an outstanding job on this deal. Professional, efficient, and tenacious, they negotiated a great outcome for us‚ securing outstanding terms at our new premises while reducing our make good liability at our previous space. I am incredibly appreciative of their counsel and support throughout this entire process."
Rapid growth, teams split across several floors and an upcoming lease expiry meant Zip needed a workplace that could bring people back together and support hybrid work.
Tenant CS defined the future requirement, tested fitted and non-fitted options and negotiated shortlisted properties, with the goal of upgrading quality without letting occupancy costs run away.
Zip upgraded from B-grade premises to a brand-new Premium-grade office on a similar footprint and rental rate.
Limited make good at the new premises lowered Zip’s future exit exposure and protected long-term value.
Transition provisions at both the new and existing premises gave Zip more control over timing and reduced pressure around the relocation.
First right of refusal over adjoining space gave Zip flexibility to expand without immediately committing to more footprint.
Learn other ways we've helped clients with their property requirements.
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