The Pharmaceutical group was hesitating whether or not to add value to the building before selling off and SPGI elaborated an analytical report of profits and losses in various scenarios in order to assist the group in its decision making process. These analytical, financial tools made the client opt for an immediate sale of the premises.
The main challenge became thus to synchronize the sale of the old sites with a move to smaller premises. SPGI's Investment team coordinated the sale while our Tenant & Landlord Representation team identified potential spaces on the market that met the clients’ criteria in terms of needs, planning and budget. After visiting and comparing different sites, the client opted for a space in an office building under construction. SPGI negotiated the lease, the conditions and move in date for the semi-fitted surfaces with the owner and the contractor company Losinger.
Our Project management team thereafter closely assisted the contractor in the planning and coordination of the interior fit-out. The project team proceeded with various implementation studies, space planning and macro zoning in close consultation with the client. The interior fit-outs were entrusted to the construction company to be more economical and save time for the client. SPGI negotiated the costs of the fit-out works and continuously managed the results. In parallel, offers for office furniture were collected and compared. Finally, the team assisted the contractor during the provisional and final reception.
The Swiss branch sold its two objects and moved into the new offices within the given time frame.