Major Beverage Company - Make Good Negotiation

TMX was engaged to assist the tenant make good negotiations, to ensure an optimal agreement was achieved and savings garnered by the client.

Region
Oceania
Service
Construction Project Management
Industrial Real Estate
Industry
Consumer Packaged Goods
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Key challenges
  • Complex make good obligations including mechanical maintenance, repainting and removal of equipment.​
  • Time limitations with new incoming tenant & no holdover option to complete works.​
  • Budget Constraints: Landlord make good cost was significantly above client budget
Our approach
  • TMX site inspection, lease review and make good scope review​
  • Engage local contractors to verify cost of works​
  • Finalize tenant obligations and negotiate scope of works and costings. 

The successful outcome was made possible by having both lessor and lessee represented by skilled property professionals with a high level of commercial acumen and a thorough understanding of industrial lease dynamics.

Landlord Representative
The results
  • 42% reduction in scope.
  • End of lease dealing reached with efficiency.
The world moves fast. Stay ahead.
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