World's Leading Hardware and Software Vendor Lease Renewal - Tunisia, Tunis - Source8
World’s Leading Hardware and Software Vendor Lease Renewal – Tunisia, Tunis
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World’s Leading Hardware and Software Vendor Lease Renewal – Tunisia, Tunis

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

Size: 500 sqm

Brief

  • Our client needed additional space to enable future business growth in Tunis
  • The current space did not allow for long term growth but possibilities for the next 12-18 months could be accommodate there
  • Source8 was asked to undertake both a search for potential alternative premises and also enter into renewal negotiations with the existing landlord

Challenge

  • The market options available were limited, especially in our client’s preferred sub-markets as traffic congestion and pubic transport were key factors to consider
  • Our client’s existing location has a speciality fit out and fantastic views on to the Lake of Tunis meaning that employee attachment to the existing site was high and finding a comparable site would be difficult

Solution

  • Source8 undertook an extensive review of the market yet no suitable options were identified so a decision to remain in place for another 12 months and re-examine the market was taken
  • Source8 was able to secure flexible short term expansion rights whilst mitigating the effect of contractual indexation on the existing site

Value added

  • Source8 was able to undertake a full market search process, travel to country to undertake a initial short listing and then accompany our client on the visits of the selected options
  • Source8 was able to use the time in country to ensure meetings and negotiations where held with both potential new landlords and the existing landlord

Locations

Contact Source8

info@source8.com

+44 (0) 20 7752 0700

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