Case Study
Pro-Pac Packaging
Distribution & Manufacturing | Tenant Advisory
Problem
Pro-Pac Packaging sought to dispose of surplus office space to mitigate occupancy costs.
With 12 months remaining on the lease the options to consider consisted of subleasing, assigning the lease, or surrendering via a settlement with the landlord.
Solution
BJP were engaged to determine the most cost-effective option for Pro-Pac Packaging and manage the process for each option.
Outcome
BJP successfully negotiated a surrender of the lease, generating a substantial saving through the settlement when compared to the total occupancy cost remaining on the lease.
On average saving $6.30 for every $1 spent on BJP service.
| Occupancy Cost/m2 | Cost of Surrender/m2 |
Total Savings/m2 |
|
|---|---|---|---|
| North Sydney Office | $580 | $258 |
$322 |
Phone
+61 413 582 131
Address
Suite 101 Level 1, 64 Clarence Street
Sydney NSW 2000