All Bases Covered

Case Studies

SMS Management and Technology

All Bases
Covered
SMS Management and Technology

Problem

  • SMS Management and Technology, Australia’s leading consulting, technology and managed services firm were occupying a dated, dysfunctional fit out and paying a rent that was more than 30% above market.
  • SMS did not have the internal resources and expertise to investigate the options available to them.
  • SMS were restructuring their business, and with a focus on cost reduction the board needed to be satisfied that an independent market analysis had been completed that investigated all possible relocation alternatives.

Solution

  • Caden were given an exclusive mandate by SMS to act as the sole point of contact during their search.
  • In close collaboration with SMS management, Caden’s team initiated a comprehensive audit of all relocation options within the Brisbane CBD and inner fringe locations.
  • Caden constructed a full financial lease analysis reconciling each of the options, and produced clear and concise recommendations at each step.
  • SMS will relocate to 259 Queen St, a building equal in quality with a terrific floor plate design, located in the absolute centre of the CBD and great value for money.

Benefit

  • Purpose-built: SMS will take advantage of a large incentive pool provided by the landlord to construct a new fit out purpose built to meet their current requirement.
  • Thoroughness: A full market search was conducted on three (3) occasions to ensure the very best property/space was identified.
  • Creativity: In order to meet the tenant’s budgetary requirements, a creative financial structure was produced.