After the merger of two similarly sized organizations occupying adjacent tenancies with similar lease tails, Euroz Hartleys engaged PropertySolve to review their current sites. The goal was to establish a property solution that met business needs and provided the best financial and continuity outcomes. Following extensive modelling and market search, the decision was made to remain in both tenancies and upgrade them to a similar level of amenity for clients and staff.
Staying across the two tenancies was primarily due to lease tail legacy and the potential cost impact and risk associated. With this taken into consideration, it was critical to adhere to the agreed budget to ensure the cost spent now provided value but also did not hinder any future decisions. This involved closely monitoring design and client requests, highlighting potential cost increases, and offering value engineering options throughout the process. PropertySolve also negotiated better outcomes with both landlords regarding carpet replacement and redecorating contributions agreed upon in leases over five years prior.
Stakeholder engagement was carried out to establish business needs, which were then presented to the board. This outlined how requirements would be delivered in the new space and demonstrated how the project would be achieved over eight stages across the two sites with minimal impact on staff and visitors, ensuring business continuity.
In the Alluvion tenancy, the refurbishment included creating two secure office areas, full carpet replacement, and painting the entire tenancy.
In Westralia Square, a full fitout refurbishment was undertaken. All works were completed with the client in situ and the business operational.
Overall, the project was delivered three weeks early and within the agreed budget, exceeding the client’s expectations. All staff now share similar amenities across both sites, greatly improving the client experience for Euroz Hartleys’ visitors.
Photos: Kelly Bucksey Photographer