Discovery Head Office consolidation

January 21, 2021
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Discovery office consolidation.

DISCOVERY

Challenge: Head office consolidation strategy & transaction delivery

01 APPROACH

  • Analysis of anticipated growth in headcount and matching against available and future supply of space. 
  • Define interim and long-term property strategy 
  • Identify a solution which allowed consolidation into a single facility with future proofing and flexibility for expansion

02  SOLUTION

  • Prepared an RFI to understand all of the sites which could meet the space requirements of 90,000m² as a first phase, plus the built-in flexibility of subsequent phases.
  • Prepared detailed RFP circulated to all developers with suitable sites including refurbishment and expansion of existing facilities
  • This approach resulted in highly competitive proposals.

03  RESULTS

  • Total 110,000m² head office development in prime location
  • High specification 5-star green rated building
  • Extremely competitive rentals
  • Significant value add to Discovery over the period of their lease

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