Case Study

Manitou Group

Heavy Equipment Manufacturer & Distributor | Tenant Advisory

Problem

Shortly after relocating to a new Sydney premises, Manitou Australia received a compulsory acquisition notice from the state Government NSW requiring them to relocate.

Solution

BJP were engaged to:

Manage the compulsory acquisition process ensuring an orderly process to relocate with minimal distribution to Manitou business operation. Negotiating a fair settlement with the State Government for this distribution.

Search & procure new premises to relocate to as per the agreed time frame with the NSW State Government.

Outcome

BJP successfully managed the compulsory acquisition process, and settlement in addition to searching, negotiating & securing a suitable alternate premise on favourable lease terms.

Across a total area of 4,983 square metres, our Client achieved an overall Occupancy Cost saving of $548,000 or $110/m2 over total lease term.

On average saving $15 for every $1 spent on BJP service.

“We knew that a forced relocation due to the State Government’s compulsory acquisition of our Sydney premises would be a major business disruption. The appointment of BJP alleviated these concerns. They provided regular communication and constructive advice, managing both the compulsory acquisition process and the search for a new industrial property.

BJP’s tenant advisory services generated major savings in time and money for Manitou. Resulting in a great outcome finding a new Sydney premises. We would not hesitate to recommend BJP to any firm that is facing their own corporate real estate challenges.”

Stuart Walker

Managing Director, Manitou Group