World's Leading Hardware and Software Vendor Strategy Review Analysis - Kenya, Nairobi - Source8
World’s Leading Hardware and Software Vendor Strategy Review Analysis – Kenya, Nairobi
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World’s Leading Hardware and Software Vendor Strategy Review Analysis – Kenya, Nairobi

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

Size: 1,600 sqm

Brief

  • Our client needed a new location in Kenya due to space needs yet still had over two years remaining on their lease
  • Source8 were asked to investigate market options which could house the growing space requirements yet mitigate existing cost commitments until lease expiry

Challenge

  • Although many new buildings exist, the layout of the city means that the majority of the development has been focused around areas that are now heavily affected by traffic congestion
  • High vacancy levels and a large choice of existing new builds meant that disposing of our client’s existing office would be challenging and therefore the business would have to be prepared to write off the cost of the existing lease commitment

Solution

  • Source8 undertook a detailed analysis of the lease and the market to define strategy and real market costs to allow the client and Source8 to complete a detailed financial analysis of the surrender options versus sub leasing
  • Source8 undertook a detailed market options search for a new site, refining the criteria as the options to dispose of the space early were also investigated
  • Source8 delivered recommendations which helped define the strategy of the business over the coming 24 months

Value added

  • Knowledge of the market mixed with international deal experience permitted Source8 to define disposal options for our client and balance recommendations against the market options available for a relocation

Locations

Contact Source8

info@source8.com

+44 (0) 20 7752 0700

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