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Case Study

Leasehold acquisition for Publicis Africa Group

Publicis owned a number of companies and were on an acquisition trail for new businesses – this was impacting on their current real estate obligations and required a strategy to consolidate the businesses under one roof.
Customised solution

We visited the locations of each of the Publicis group companies and assessed their lease obligations.

After providing a consolidated view of the group’s leasehold portfolio, and in collaboration with Publicis, we determined their long term consolidated future requirements.

Results

JLL assisted in consolidating the Publicis companies under one roof, providing each of the group companies with an independent office area to ensure there was no conflict of interest between brands. Given the nature of the contracting business, we provided for as much flexibility as possible, allowing the companies within the group to grow or sub-lease based on accounts won.

 

Client Profile

Industry: Advertising
Geography: Bryanston, Johannesburg
Space: 5,000m²
Length of relationship: 4 years
Year completed: 2015
Services provided: Lease Advisory

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