9,000 Square Metre
Consolidation and growth strategy
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.