Westgold Resources aimed to locate and lease a new Corporate Headquarters in the Perth CBD while exiting two leases expiring in mid-2022. They sought to consolidate into new premises at a reduced cost, with the landlord covering the full cost of a new fitout.
PropertySolve’s Transaction Management team assisted Westgold Resources in securing a lease for a whole floor at 200 St Georges Terrace, Perth, and advised on their lease end obligations for the existing properties. They coordinated a competitive process between landlords to achieve the best financial and operational terms. Westgold Resources were involved in every step, with ongoing reviews and discussions backed by net present value cash flow modelling.
PropertySolve negotiated a highly beneficial agreement with the landlord, exceeding Westgold Resources’ original objectives. Once the new lease was executed, the PropertySolve Project Management team, with their intimate knowledge of the project, coordinated a timely, cost-efficient, and high-end fitout for 100 staff. This was achieved through a fixed-cost construction contract in a market with rising costs.
Westgold Resources relocated to a custom-designed fitout in a better standard building at less cost, with no out-of-pocket capital expenses and no double rent scenario. The new headquarters will accommodate their staff for the next 7 to 10 years, meeting all their requirements and ensuring a successful outcome.
