Real Estate - Case Studies

Re-Sizing of Business - London Media Company

Project Goals:

• Reduce business cost including property
• Avoid relocation due to cost implications
• Speed of delivery critical to Company viability

Results

• Property costs reduced by 50% without moving
• Company profitability improved by 53%
• Company value increased by 50+%

Relocation - Basingstoke Based Software Company

Project Goals:

• Relocate the company at least cost
• Meet a critical deadline
• Acquire higher quality space
• Negotiate the best exit terms

Results

• Relocation was completed end to end in 10 weeks
• Generated savings of 16%
• Lease flexibility increased by 100%
• Incentives amounted to 12 months' rent
• Fit out costs were 28% less than cheapest design & build quote

Lease Re-Gearing - London Based PR Agency

Project Goals:

• Generate sustainable profits
• Reduce cost base
• Divert property costs into core business

Results

• Gained full support from landlord
• Lease was totally re-geared
• Rent was set to below market
• Savings amounted to £350,000
• 4 new account directors hired
• Value of company rose by 17% within 6 months   

Rationalisation - National Technology Company

Project Goals:

• Radically reduce exposure to property (18 leases)
• Establish a disposal strategy
• Manage the strategy
• Generate cash for the business

Results

• Dedicated teams were appointed per project
• Each project had a clear set of deliverables
• Every project was managed on a daily basis
• Savings within the first 12 months exceeded core business profits

Due Diligence & Disposal - Technology Company

Project Goals:

• Audit proposed acquisition target
• Benchmark all operating costs
• Recommend course of action

Results

• Costs were reduced by 55%
• Property lease was disposed of in 4 months
• Procurement standards introduced
• Profitability rose by 16%
• Morale shot up and stayed high

European Portfolio Management - International Media Company

Project Goals:

• Manage all property-related issues
• Optimise costs
• Improve business flexibility

Results

• Board satisfaction rose exponentially
• Leases were reduced by 50%
• Costs met stringent budget limitations
• Head-count growth successfully managed

Rationalisation - National Logistics Company

Project Goals:

• Professionally manage the property portfolio
• Introduce improved cost planning
• Dispose of surplus space
• Acquire new space to meet future needs of the business

Results

• Within 12 months, portfolio radically restructured
• Disposal of surplus properties across the country undertaken
• Dilapidations obligations reduced by over £1m
• Total savings and cost avoidance amounted to 2 years' property costs of around £1.5m