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Antalis s.r.o. - C&W improves office lease agreement and reduces costs for Antalis in Prague

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The Challenge

In 2010 Antalis selected Cushman & Wakefield as its real estate advisor to reduce costs and improve the existing office lease agreement. The aim was to increase the office standard and secure from the landlord relevant rent savings and flexibility of the lease agreement.

Cushman & Wakefield also works for Antalis in the industrial sector.

The Solution

Antalis received an overview of buildings that met their requirements and focused on four buildings. Subsequently, detailed financial analyses of given buildings were carried out, which set the actual market rent of the comparable buildings. The move was considered within the Office Park Nové Butovice (OPNB). Negotiation of Heads of Terms for the 3 selected buildings to secure maximum lease flexibility. Antalis wished to renegotiate terms in the new building B of the OPNB or to consider the Futurama scheme because of its close proximity to its warehouse.

The Results

In July 2010 Antalis signed a balanced lease amendment and moved into the newer building B of the office project Office Park Nové Butovice from the building D.

We Secured

  • New terms and a move 3 months before the end of the original agreement
  • Over 20% savings on rent
  • An increase the quality of space – a new fit-out and a newer building The possibility to extend the agreement, benefiting from favourable terms
  • Priority in the space expansion
  • Realisation of the fit-out within 5 weeks