Case Study

Sedgwick Australia

International Loss Adjuster | Tenant Advisory

Problem

Sedgwick Australia operated a leasehold portfolio of 38 office locations Australia wide. Identifying in excess of 40% of the portfolio had a lease expiry within a 12-month time frame.

Solution

BJP were engaged to manage the lease expiry profile of the portfolio, reset lease terms via renewal or relocation, and to reduce the overall real estate occupancy cost.

Outcome

Within 12 months BJP successfully negotiated & secured favourable lease terms on behalf of the Client. This consisted of 15 locations nationally, across both regional and CBD areas.

This equated to a total area of 4,800 square metres, and an overall Tenant Occupancy Cost saving of $1,570,000 or $327/m2 over total lease term.

On average saving $9 for every $1 spent on BJP service.

“After Sedgwick acquired the Cunningham Lindsay business, we inherited 38 locations across Australia.
BJP identified the immediate expiry threats and potential savings to the Sedgwick business and then executed in a timely and professional manner.”

Andrew Firth

Chief Financial Officer - Asia Pacific, Sedgwick