Case Study
Emjay Insurance Brokers
Insurance Brokers | Tenant Advisory
Problem
Emjay Insurance Brokers had an upcoming lease expiry and while the preference was to renew their lease, the terms presented by the Landlord were unreasonable.
Solution
BJP provided leverage by presenting alternative accommodation options in the market in order to negotiate terms that were in-line with the market and acceptable to the Client.
Outcome
BJP successfully negotiated & secured favourable lease terms to renew.
Our Client achieved an overall Occupancy Cost saving of $114,000 over total lease term.
On average saving $14 for every $1 spent on BJP service.
“By engaging Barratt Jennings Partners, we were able to reach reasonable terms with our Landlord to renew our existing lease. We would certainly use them again and recommend BJP to any business wanting to achieve the best lease deal. ”
| Inital Terms ($/m2) | Final Terms ($/m2) |
Savings |
|
|---|---|---|---|
| Annual Gross Rent ($/m2) | $975 | $950 |
$25/m2 |
| Incentive ($/m2) | $702 |
$998 |
$296/m2 |
Phone
+61 413 582 131
Address
Suite 101 Level 1, 64 Clarence Street
Sydney NSW 2000