PIMCO Australia

Representing PIMCO Australia in their Sydney lease negotiations, TRS was briefed with a Preference to Go project. PIMCO sought out TRS because of our reputation as independent and trusted advisors, offering them an easy and smooth transition into relocation. PIMCO had outgrown their existing space, but were also looking to transform the look of their workplace to demonstrate the relaunch of the business within Australia.

Entrusted to deliver on PIMCO’s requirements, TRS conducted an extensive independent search of the Sydney market, providing PIMCO with a wide range of potential building opportunities. They specifically sought vacant, unfitted premises.

On final selection of buildings and at the conclusion of the negotiations, PIMCO Australia opted to Go, relocating to 5 Martin Place, Sydney. TRS also advised PIMCO on constructing a sophisticated fit-out which reflected their updated image. PIMCO used the incentives negotiated by TRS for early access to site for fitout; reduction in premises costs; and savings in their future make good negotiation. PIMCO was highly satisfied with the end result, which is not only visually stunning but aligns with their business requirements and their new rebrand.

Parties involved in the transaction

  • Independent Advocate: TRS acting on behalf of PIMCO Australia
  • Landlord: DEXUS & CBUS
  • Property Company: Colliers acting as Agent on behalf of Landlord
700 - 800sqm
/
Sydney CBD
/
Finance

Tenant Advocacy: 7 Months

  • Space evaluation
  • Market investigation & search
  • Inspection
  • Financial evaluations
  • Property negotiations
  • Lease execution
  • Financial target achieved

Fitout Advisory: 4 Months

  • Design brief
  • Contractor selection
  • Budgets
  • QS Selection
  • Fitout negotiations
  • Delivery and handover – on time and on budget

 

We engaged TRS to help us navigate the complex process of locating and building our firmäó»s new home. The end result was terrific with TRS being with us through the entire process looking out for our best interests. They know what they are doing and this delivered results for us.

Adrian Stewart Head of Pimco Australia and New Zealand
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CONTACT US

Sydney Office
Level 15, 9 Hunter St
Sydney NSW 2000
T. 02 8243 6700

Brisbane Office
Level 54, 111 Eagle St
Brisbane QLD 4000
T. 07 3012 6336