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Case Study

PwC office consolidation

JLL was appointed by PwC to provide advisory and implementation services for the strategic relocation of PwC’s Gauteng portfolio into an iconic office development.
Customised solution

We conducted an in-depth review of the lease and development agreements on behalf of PwC, ensuring that the commercial terms were not onerous and aligned with their financial and operational requirements. We also initiated a review of the specifications tabled by the developer with regard to the new office building in order to extract value for the client.

In addition to providing real estate advisory services, assisting the client in appointing a suitable space planner and fast-tracking the initial phase of space planning, we recommended the appointment of a project manager who would manage the entire development process on PwC’s behalf.

Results

JLL successfully provided assistance to PwC within the strict timeline of the project, adding value at every stage of involvement. Some of the wins achieved included successfully negotiating a higher building grade quality from AAA Grade to P Grade, achieving various tenant incentives in terms of the lease agreement, and obtaining a space planning fee reduction on behalf of the client.

 

Client Profile

Industry: Professional services
Geography: Johannesburg
Space: 42,000m²
Length of relationship: 1 year
Year completed: 2015
Services provided:
Integrated Portfolio Services

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