CASE STUDY

Relocation of growing techpharma company based in London

All images courtesy of Will + Partners

The Challenge

  • To re-align workspace to future needs whilst reducing footprint and total cost of occupancy, on a flexible lease basis
  • To acquire, design and fit out a new workspace of 11,000ft2 for the growing company, with minimal change to infrastructure
  • To create a space fit for a more collaborative, flexible way of working while using much of the existing furniture to minimise waste
  • The client wanted a light touch approach and critical personnel joined the project mid-way to be engaged in the programme

What We Did

  • Supported the client through evolution of space and budget requirements
  • Prepared a detailed search report and worked with the client to short-list the most suitable options, supported by detailed cashflow analyses
  • Agreed Heads of Terms for a new sub-lease and supported lease negotiations throughout, coordinating with the DG project manager
  • Secured architectural designers to develop solutions for the space and build specifications
  • Appointed Design & Build contractor
  • Managed a moving programme, adapting to the client’s parallel activity, and changing COVID-19 obligations
  • Delivered enhanced IT & AV solutions
  • Exited existing premises including dilapidations

The Result

A stunning workspace to allow a totally different way of working. A 10% increase in office space, more meeting rooms, multi-use and collaborative spaces – plus spectacular views of London!

Commercially, we were able to optimise the opportunity to leverage exceptionally competitive lease terms as a result of the volume of tenant space available on the market.

“Managing this exciting project during the peak of the COVID-19 Omicron variant was challenging, as the pandemic had an impact on shipping some key components, requiring some creative workaround solutions to manage the project in the interim.”

“The most rewarding part of the project was witnessing the client’s vision coming to life day by day during the build phase. The project transformed the client’s workspace to be much more inclusive and collaborative; increasing meeting space from 4 rooms to 10, introducing a flexible room for faith, mothers, first aid etc., and introducing beautiful new collaboration spaces including 2 innovation labs. The client has relocated from a dated office to a contemporary space, benefitting from natural light and stunning views of the Thames and Tower of London.”

Rebecca Stevenson

Consultant