Space expansion and cost reduction with no disruption to operation

Client
  • AMC
Space
  • 3,800 Square Metre
Industry
  • Entertainment / Media
Locations
  • Budapest
Services Provided
  • Transaction Management
  • Consulting
  • Lease Administration
Cresa Team
  • Péter Takács
  • Valter Kalaus

Client Objectives

  • Run two projects parallel without hiccups, renegotiation of the office lease based on our market study and tendering and renegotiating the studio lease. 
  • With the studio lease we set ourselves the goal of achieving enough savings for the expansion of the studio while assuring that the operations would not be disrupted.

Results

  • The office lease negotiation was successfully closed with the significant renovation agreed to be covered by the landlord. While on the studio running the tender process on a niche market, then achieving maximum rent reduction while securing the space for the next mid-term period and strictly eliminating any disruptions risks.
  • The challenge was to negotiate hard as possible to achieve the targets meantime maintain the good relationship with the landlord.
We are good in producing TV programs and channels, not as much in real estates negotiations. Occasionally, however, when a lease contract expires this service is needed as well. When we decided to outsource these duties, we chose VLK Cresa. This proved to be a good decision because they saved us time, energy, and money.
Málnay B.Levente  |  CEO
AMC Networks International – Central Europe

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