No time to Lose

Case Studies

Cardno Engineering

No Time
to Lose
Cardno Engineering

Problem

  • Cardno Enginnering, an ASX top 200 engineering company, needed to sub-lease/assign a full floor, 642m2 office that they inherited through the acquisition of another firm.
  • The staff had already consolidated into Cardno’s head office, yet this lease, which still had more than three (3) years left to run was costing Cardno in excess of $30,000 per month!
  • Only full floor tenants could be targeted due to the prohibitive cost of splitting up the space. This restricted the number of potential tenants.

Solution

  • After assessing a range of service providers available to them, Cardno appointed Caden on a sole exclusive basis.
  • Caden pursued a strategic e-marketing campaign that targeted all potential full floor tenants throughout the Brisbane CBD.
  • A bespoke inspection experience had tenants greeted with free coffee and toured through an immaculate tenancy that had been professionally cleaned.
  • The tenancy was leased to a global construction company within four (4) months. 

Benefit

  • Responsiveness: Caden was able to turnaround a full solution with a high degree of focus and creativity within a short timeframe.
  • Cost Saving: Caden were able to save their client over 60% of the cost of the lease over the balance of the term.
  • Managed Service Performance: Caden’s MSP provides extreme focus on leasing assignments matched by a set of KPI’s.