Cash on Cash rental savings

  • IREP achieved large rental savings when acting for International telecommunications company on the expansion and consolidation.

Client:

International telecommunications company

Location:

South Africa, Centurion

Project Scope:

Expansion/consolidation and Regear

Market Pricing:

Rent 170 ZAR to 130 ZAR psqm

Challenges:

– Private landlord
– Existing escalation rate from 9%
– Fluctuating headcount
– Company cultures from consolidation

Outcomes:

– 105,000 euros cash on cash rent saving
– Escalation rate reduced to 6%
– Flexibility
– Competitive terms and conditions for lease

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