Early 2018, Freestone got the assignment to conduct a full audit (due diligence) of all buildings and associated assets, part of the joint venture between JFS and Telenet. The exercise covered 4,800 m² of warehouses and 3,000 m² spread over 5 sites. The objective was to collect all relevant information and to get a good picture of the contractual, legal and financial parameters.
Given that 300 employees had to be housed in Mechelen and Ghent, Freestone started up two site selections. After determining the needs, an office space of 350 m² was sought for Ghent, while 3,000 m² were needed in Mechelen. After analyzing the responses to the RFIs, several locations in both cities were visited and analyzed in order to get a shortlist.
Office needs were met in both Mechelen and Ghent. 2,975 m² were leased in Campus-T in Mechelen, and 335 m² in Ghent was included in the UCO Tower. A saving of € 450,000 was negotiated by Freestone over the duration of both contracts.
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