World's Leading Hardware and Software Vendor Lease Acquisition - Libya, Tripoli - Source8
World’s Leading Hardware and Software Vendor Lease Acquisition – Libya, Tripoli
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World’s Leading Hardware and Software Vendor Lease Acquisition – Libya, Tripoli

Client: One of The World's Leading Hardware and Software Vendors

Size: 12 workstations

Brief

  • Our client wanted to re-enter the market after withdrawing operations as a result of the clashes in 2011/2012
  • The existing location was not suitable from a security standpoint and had to be surrender early
  • Our client required temporary space for 12 – 18 months whilst traditional office space could be found to accommodate them in the long term

Challenge

  • Availability of short term space that met our client’s security needs was low
  • Our client wanted a secure location at minimal cost yet with flexibility to break the lease at various times after the initial 12 months

Solution

  • Source8 sourced and negotiated a flexible lease in a private area of the building that was able to respond to the timing needs and security requirements of the client

Value added

  • Against the landlord’s first offer, Source8 was able to negotiate a substantial reduction in rent whilst increasing the flexibility during the latter period of the lease
  • Source8 was able to maintain the option open whilst our client encountered delays in both the approval and security sign-off process
  • Existing relationship with the Landlord helped to facilitate this transaction and speed up the negotiation and delivery process

Locations

Contact Source8

info@source8.com

+44 (0) 20 7752 0700

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