As leases come to an end, there is usually the need to plan and manage a new fitout project in the premises. This project may involve relocation to new premises or possibly the reworking of the existing layout if there has been a successful renegotiation. After all the challenges of the lease negotiations, many believe
The media is inundated with articles talking about activity-based working (ABW) as the next best thing in office accommodation. Seldom are there industry articles that indicate there may be a downside to ABW or that it may not work for all companies. Could it be that ABW proponents have vested interest in these new workplace
As workspace accommodation models have evolved – from shared desks, work from home and distributed workplaces to activity-based working – the concept of ‘third space’ has been getting frequent mentions at workplace seminars, conferences and industry journals. But, few understand what is meant by this concept and the property industry has not come to grips
Any analysis of the business case for property consolidation or co-location will have a number of aspects: short-term hard expenditure, long-term recurrent cost savings, and the other financial benefits to the company through productivity and competitive advantage gains. The first two are usually relatively simple to quantify, the last is more problematic to prove. This
These business cases may be in support of a range of major accommodation changes, including relocations, co-locations and consolidations, lease buy-out options, lease extensions and renewals, own versus lease assessments, sale and leasebacks, and financing options. The fortunate few will have well established company processes and pro forma documentation. But most often the starting point
At last corporate occupancy costs can be contained at more acceptable levels for the medium and long term – provided there are no long uneconomic legacy lease tails from the exuberance of the last cycle high. But new premises will need to be fitted out to suit business and workplace practices at a time when