Competitive lease structure

  • IREP worked with and international communications company to acquire new office space for them. IREP understood the client had limited capex budget. IREP negotiated with landlord for them to provide the fitout to clients global specification.

Client:

International telecommunications company

Location:

Tanzania, Dar es Salaam

Project Scope:

Short term re-gear then acquisition of long time solution

Size:

771 sqm

Market Pricing:

Rent in exisiting space negotiated from $30 to $17 psqm per month then long term grade A space solution $16.50 psqm

Challenges:

– Lack of institutional grade space
– Capex budget for fit out
– Customer pressure
– Clients rental expectations V Landlord’s

Outcomes:

– Cash saving Year 1 100,000 euros
– Landlord final solution carried out fit out and rentalised over term
– Lease terms and conditions competitive