Flexible lease and high quality space
- IREP acquired Cat A fitted office space for international corporate company.
IREP negotiated lease terms to allow maximum flexibility for the client.
Client:
International corporate company
Location:
Doha, Qatar
Project Scope:
Office acquisition in Doha
Market Pricing:
160 QAR to 130 QAR p/sqm (100,000 € pa saving)
Challenges:
– Lack of institutional grade space
– Dated cellular buildings with irregular floor plates
– Strada owned buildings
– Parking allocation
– Clients rental expectations V Landlord’s
Outcomes:
– 6 year lease break after year 3
– Above market trend rent freen
– Chiller inclusive rent
– Flexibility
– Extra car parking
– Cat A fit out
