Lion

Date: 2014 Scale: Consolidation of 850 staff from three locations to new 12,300 sqm office in Sydney Olympic Park.

 Lion Nathan LogoDairy Farmers Logo

Property Beyond provided transaction advice to Lion for the leasehold acquisition of a new office at Sydney Olympic Park. The new office was to allow a consolidation of various locations to create a new corporate office location and allowing a consolidation of infrastructure groups following the merger of Lion Nathan with National Foods.

Property Beyond were instrumental in setting up a lasting partnership with GPT the owners of the building which created an excellent working relationship between the two.  Property Beyond’s role included the following:

  • Negotiation and agreement of the Heads of Agreement.
  • Detailed whole of life financial analysis from a cashflow and P&L perspective incorporating all properties included with the consolidation.
  • Instructing and negotiating with lawyers to agree the lease documentation and ensure alignment with the heads.
  • Preparation and presentation of business case to facilitate approval of the strategy, capital and lease liability for the project.
Transaction advice for new office acquisition - Case Study

‘Your experience and guidance to the team and particularly throughout the negotiation stage was a great help to the successful outcome.’

Steve Lewis, Lion Group Procurement Director

Rio Tinto – Brisbane Office Hub

Date: 2019  Scale: Search for 20,000 sqm in Brisbane CBD

Property Beyond acted on behalf of Rio Tinto in the market search and procurement of its 20,000 sqm Australian Head Office in Brisbane, Queensland. Rio Tinto required its Head Office premises to support a new agile and flexible workplace including a building with large floor plates and high ceilings.

Property Beyond assisted Rio Tinto to determine its workplace requirements and then undertook a search and evaluation of all potential options. The potential options were shortlisted for inspections and then the preferred options’ lease proposals were negotiated in detail.

Property Beyond were instructed to assist DFA with their Australian portfolio strategy. With over 1,500 sqm of premium office space in Sydney, DFA were looking for opportunities to improved their service delivery to clients on the eastern seaboard. Property Beyond carried out a high level financial analysis and business case to support growth into Victoria. This strategy was initially considered to be a small office to allow Victorian clients access to advisors which could be supported from Sydney.

Our role included:

  • Considering options within the CBD and CBD Fringe.

  • Detailed financial analysis of potential options including the cash flow and profit and loss impact.

  • Instructing and negotiating with lawyers to agree the lease documentation and ensure alignment with the signed lease proposal.

  • Negotiating a long list of concessions including core and flexible spaces with contraction and expansion rights, dedicated end of trip facilities, a separate lift lobby and capped increases in outgoings.

  • Coordinated an extensive due diligence process to assess the delivery risks for Rio Tinto.

  • Negotiating an extensive Agreement for Lease with detailed deadlines associated with design and delivery dates and liquidated damages clauses for non-performance.

We were able to foster and establish a lasting partnership with the selected building’s owner/developer for Rio Tinto so that the relationship will continue during the lease term.