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Stay-or-leave business case, site selection and lease negotiations for Loyens & Loeff

Loyens & Loeff, a leading international full-service legal and tax company, has been based in Sint-Lambrechts-Woluwe since 2001 where a building of 7,400 m² was rented. The lease contract ends in 2020, but a break option in the contract offered the opportunity to see whether the current building still met the company's future business needs.

Loef

PROJECTFICHE

  • Customer: Loyens & Loeff
  • Project: Stay-or-leave, site selection and lease negotiation, project management
  • Timing: 2015 - 2018
  • Location: Brussels
  • Size: 7,400m² existing building , 6,000m² new location
Loyens

The result

Loyens & Loeff was looking for a team of real estate experts who could assist them in drawing up a long-term real estate and workplace strategy. Starting from the vision of the management, the starting points of a new office concept were determined which formed the basis for a new needs program.

The current building was subsequently confronted with these new needs. The comparative business case showed that an alternative building provided a better match from a financial and qualitative point of view. The conditions were negotiated and converted into a concluding contract.

The project manager of Freestone was then responsible for the follow-up of the works, managing the budget and monitoring the timing during the implementation process.

De aanpak van Freestone

  • Determining a long-term vision regarding housing and working environment
  • Developing a new office concept & drawing up a future needs program
  • Reviewing and evaluating the real estate market and searching for possible alternative offices
  • Preparing a stay or leave business case and comparing the various scenarios
  • Assisting with the selection of the best option & rental negotiation
  • Drawing up a new lease agreement
  • Project management of the interior design

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