In 2018, BDO identified the need to reconsider their corporate real-estate position due to an upcoming lease expiry in February 2022. They engaged PropertySolve Transaction Management to develop an office accommodation strategy that would not only secure a physical location but also reposition their brand in the eyes of staff, clients, and the public.
PropertySolve identified an opportunity to start the process early, considering both existing and new properties. They provided a strategy that highlighted constraints in BDO’s existing lease terms, market options, and financial outcomes of various relocation scenarios. PropertySolve sourced and shortlisted preferred sites, leading to detailed lease negotiations. AAIG’s Capital Square 2, under construction, became the preferred site due to its financial advantages and prominent sky signage.
The PropertySolve’s Project Management (PM) team worked with the Transaction Management team to review site options, highlight potential risks, and ensure feasibility. They developed a project management plan outlining governance, reporting, communication, and procurement strategies. The PM team managed the entire project, from consultant and contractor engagement to ensuring minimal impact on business operations.
BDO entered a 12-year lease in a new A-grade office asset in Perth CBD, avoiding double rent. The new building reflects BDO’s brand and provides a flexible workspace for future growth. The project was delivered on time and below budget, with increased collaboration, meeting, and breakout spaces. Post-completion, space utilization is high, demonstrating that the new office meets BDO’s requirements and is well-received by staff and clients.









Photos: Dion Robeson (@dionrobeson)
