Negotiating beyond market standards for new space

Client
  • Laureate International Universities
Space
  • 53,000 sq. ft.
Industry
  • Education
Locations
  • Auckland
Services Provided
  • Transaction Management
Cresa Team
  • Andrew Mason
  • Julian Kurath

Client Objectives

  • Laureate International Universities are the largest network of for-profit education institutions in the world.
  • With having a unique requirement for cost-effective and efficient space, Laureate engaged LPC Cresa as their tenant advisors.

Results

  • The deal encompassed a pre-commitment to a new building, allowing Laureate to secure signage rights as well as expansion and contraction rights to accommodate every possible future scenario for the business.
  • A fitout contribution was negotiated, which is uncommon in the Auckland CBD market, highlighting LPC Cresa negotiating skills and ability to get the best possible deal for the client. 

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