Fortune Global 500 Communications Corporation Lease Renewal & Expansion - Algeria, Algiers - Source8
Fortune Global 500 Communications Corporation Lease Renewal & Expansion – Algeria, Algiers
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Fortune Global 500 Communications Corporation Lease Renewal & Expansion – Algeria, Algiers

Client: A Fortune Global 500 Communications Corporation

Size: 600

Brief

  • Our client needed to find space to expand their existing operations in Algiers and thus accommodate increased headcount
  • Our client ideally wanted to renewal their current lease if the expansion space could be obtained at a competitive rate
  • Source8 were engaged to conduct due diligence, feasibility analysis and site selection recommendations whilst maximising cost reduction

Challenge

  • The Algiers market was nascent both in terms of stock
  • The existing landlord knew that his building would be desirable and attract interest from other parties

Solution

  • Source8 was able to identify and short list the sites best suited to the client’s requirement from a structural, spatial, security and logistical perspective
  • Source8 leveraged it’s multi-skilled staff base to undertake structural feasibility analysis on each site option, ensuring it adhered to the client’s global standards
  • Source8 undertook supplier and owner due diligence management
  • Source8 was able to negotiate a renewal and expansion at favourable terms in the existing space

Value added

  • Source8 managed relations with the our client’s teams both locally and centrally thereby creating a strong working relationship between the parties
  • Source8 leveraged the real risk of a relocation to negotiate favourable terms for our client in their existing site
  • Source8 maintained credible back up solutions that could accommodate our client in case the existing landlord negotiations fell through

Locations

Contact Source8

info@source8.com

+44 (0) 20 7752 0700

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