Case Studies - Corporate Real Estate
1. 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+%
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2. 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
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3. 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
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4. 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
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5. 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
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6. 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
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7. 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
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