Money, Time, Value

Case Studies

ERM Power

Money,
Time,
Value
ERM Power

Problem

  • ERM Power needed to sub-lease part of their tenancy within Brisbane’s premier building at 111 Eagle St.
  • The tenancy, totalling 558m2 had been available for sub-lease for more than two (2) years.
  • ERM had previously engaged the leasing team from one of the ‘big five’ property companies who’d promised a lot and failed to deliver.

Solution

  • As with many other clients, ERM saw great value in Caden’s partnership model and appointed the business as sole leasing agents. 
  • The client re-carpeted the tenancy throughout to improve the presentation.
  • Caden created a pitch around ‘the best value for money office space in Australia’, which also offered prospective tenant’s flexibility in terms of size and lease term.

Benefit

  • Successful project outcome: Caden Principle David Prosser managed the overall process as the client interface. He secured a tenant for the space within four (4) months.
  • Return: The new lease represented a 50% return on cost for ERM.
  • Speed: The project was delivered ahead of schedule aided by the detailed Process Plan and Caden’s project management expertise.