Tui wanted to benchmark the rental portfolio of its front offices and, where necessary, optimize rental costs.
60 locations were benchmarked high level in a first phase. Based on the current rent paid and the timing in each agreement, an action plan was drawn up for around 40 contracts.
All locations involved were subsequently screened in detail from a spatial, technical, financial and contractual point of view.
Freestone's intervention resulted in a saving of around 10% within the contracts covered, which resulted in an attractive recurring rental saving for Tui. Freestone handled every file in its entirety and was responsible for the commercial settlement, including the development of addenda or new lease contracts.