Australian Payments Network

The Australian Payments Network (AusPayNet) (formerly Australian Payments Clearing Association) selected TRS as their trusted representative to assess their property options. AusPayNet were originally located at Level 6, 14 Martin Place, and presented TRS with a Stay vs Go project. While considering remaining in their current space, they also wished to investigate the Sydney CBD market for a higher quality space. AusPayNet’s key project objective was overall efficiency, with the TRS process and time savings a clear benefit.

Following expert consultation with TRS, AusPayNet opted to Go, relocating to premises at Tower 3, Barangaroo, Sydney. This space was not publicly on the market, and was obtained through TRS’ strong industry connections and knowledge. TRS also advised AusPayNet on the construction of a premium fit-out designed to their specific needs. The project delivered a highly successful outcome which saw AusPayNet upgrade to one of Sydney’s most highly-prized new commercial precincts, and involved minimal disruption to their operations and business culture.

Parties involved in the transaction

  • Independent Advocate: TRS acting on behalf of Australian Payments Network
  • Landlord: Lend Lease
  • Property Company: Omni Property Services
600-700sqm
/
Barangaroo
/
Finance

Tenant Advocacy: 9 Months

  • Space evaluation
  • Market investigation & search
  • Inspection
  • Financial evaluations
  • Property negotiations
  • Lease execution for brand new building
  • Financial target exceeded

Fit-Out Advisory: 4 Months

  • Design brief for brand new fit-out
  • Contractor selection
  • Budgets
  • QS Selection
  • Fit-out negotiations
  • Delivery and handover – on time and on budget
  • Relaunch global design standards

 

TRS assisted AusPayNet in its search for new offices, enabling us to secure fantastic new premises at a market competitive rate. They also provided us with fit-out advisory services, arranging a beauty parade of potential partners, and managing the design and construct phase through to a really successful outcome, while saving us time and money.

Andy White Chief Operating Officer
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