Telenor Short Term Lease Acquisition – Myanmar, Yangon - Source8
Telenor Short Term Lease Acquisition – Myanmar, Yangon
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Telenor Short Term Lease Acquisition – Myanmar, Yangon

Client: Telenor

Size: 150 sqm

Brief

  • Telenor needed a short term office in Yangon to accommodate staff as both a project office whilst the initial company set up was being undertaken and then as a recruitment office for when permanent staff needed to be brought on board
  • The office needed to be accessible, good quality but at low costs with little, if no, initial capital expenditure

Challenge

  • The time to acquire the office was very limited as Telenor needed it to be operational in a matter of weeks
  • Information available is very limited without feet on the ground
  • High demand for space, especially in this size range

Solution

  • Source8 was able to negotiate a private floor in a serviced office, located close to the downtown but just outside the traffic congestion, with a good corporate image operated by an international landlord
  • Source8  was able to negotiate favourable commercial terms, modifications to the space and additional fibre connections as part of the deal whilst also holding the space for an additional week past the deadline so that Telenor board approval could be sought

Value added

  • Source8 where able to deploy resources on the ground to investigate and maintain market options for Telenor leading to the successful conclusion of a signed lease

Locations

Contact Source8

info@source8.com

+44 (0) 20 7752 0700

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