Technip FMC

Technip FMC
Client
  • Technip FMC
Space
  • 10,000 Square Metre
Industry
  • Energy
Locations
  • Perth
Services Provided
  • Transaction Management
  • Consulting
  • Location Strategy & Economic Incentives
Cresa Team
  • David Barnes
  • James Carslaw

Client Objectives

Technip FMC is a global oil and gas contractor who experienced extraordinary growth in their Perth operations. Business growth translated into a rapid space expansion requirement. Having had difficulties in securing cost-effective and practical leasehold of premises up to that point, Technip FMC engaged LPC Cresa to devise and implement a strategy that would accommodate such rapid growth. A key requirement for Technip FMC was ensuring its consultant was totally independent. Being the leading independent tenant advisor in Perth, LPC Cresa was a natural choice.

Results

Lpc Cresa’s depth of knowledge and understanding of the local market conditions ensured that Technip FMC were able secure the right space as and when required. In addition, Lpc Cresa were able to negotiate with Technip FMC’s existing landlord to secure additional contiguous floors in its current headquarters.

With advanced knowledge of upcoming development activity, Lpc Cresa secured a pre-commitment over a nearby site on behalf of Technip FMC, taking its overall office space up to 10,000 sqm on a “just-in-time” basis.

As market conditions subsequently deteriorated, Lpc Cresa were able to pro-actively and successfully manage a sub- leasing campaign to ensure minimum losses over surplus space.

In a recent internal property services benchmarking study across the Asia-Pac region, Technip FMC confirmed Lpc Cresa’s status as their preferred Tenant Advisor for Australia.

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