Stay-or-leave business case, site selection and lease negotiations for Loyens & Loeff
Loyens & Loeff, a leading international full-service legal and tax company, has been based in Sint-Lambrechts-Woluwe since 2001 where a building of 7,400 m² was rented. The lease contract ends in 2020, but a break option in the contract offered the opportunity to see whether the current building still met the company's future business needs.
PROJECT DATA SHEET
- Customer: Loyens & Loeff
- Project: Stay-or-leave, site selection and lease negotiation, project management
- Timing: 2015 - 2018
- Location: Brussels
- Size: 7,400m² existing building , 6,000m² new location
The result
Loyens & Loeff was looking for a team of real estate experts who could assist them in drawing up a long-term real estate and workplace strategy. Starting from the vision of the management, the starting points of a new office concept were determined which formed the basis for a new needs program.
The current building was subsequently confronted with these new needs. The comparative business case showed that an alternative building provided a better match from a financial and qualitative point of view. The conditions were negotiated and converted into a concluding contract.
The project manager of Freestone was then responsible for the follow-up of the works, managing the budget and monitoring the timing during the implementation process.
Freestone's approach
- Determining a long-term vision regarding housing and working environment
- Developing a new office concept & drawing up a future needs program
- Reviewing and evaluating the real estate market and searching for possible alternative offices
- Preparing a stay or leave business case and comparing the various scenarios
- Assisting with the selection of the best option & rental negotiation
- Drawing up a new lease agreement
- Project management of the interior design
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