As the assigned transaction managers for the Financial Services Council, TRS was briefed with a Preference to Stay project. The Financial Services Council, were originally located at 44 Market Street, Sydney and were seeking better savings from their landlord to remain in their existing building. TRS were to investigate the Sydney CBD market and deliver high level negotiation leverage through applying suitable alternative properties as the leverage to this negotiation. At the conclusion of all negotiations, the Financial Services Council opted to Stay in 44 Market Street, Sydney and used their incentive to reduce both the overall OPEX and assist with minimal design changes to their existing fit out.
Parties involved in the transaction:
- Independent Advocate: TRS acting on behalf of FSC
- Landlord: Dexus
- Property Company: No Agent – TRS negotiated directly with Dexus