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2011 Performance, 11 projects completed

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The Challenge

Mathworks is a software company who are currently expanding their global footprint. A variety of projects were undertaken last year to assist them to acquire relevant property globally and assist on the project management of these projects. The projects could range from a small serviced office acquisition to a larger regional hub acquisition. All these projects required a consistent high level of service and they needed all the projects to be co-ordinated by a central contact so that they could deal with one individual contact. On top of this 6 monthly benchmarking reviews of the entire portfolio were undertaken to ensure the properties in their portfolio are aligned to the market and any potential opportunities could be identified.

The Solution

The UK CIS team used the account management platform to run the work required by this client. A total of 7 acquisitions were undertaken in 2011 and these resulted in four different project management roles. Work was undertaken in five different countries around the globe. As well as working on traditional leases 3 serviced office agreements were undertaken. A half yearly benchmarking study was undertaken for the client which identified some opportunities to save money and identified lease events that assisted in acquiring more space.

The Results

Seven acquisitions of office space globally of a total of 40,000 sq ft. and we undertook 20,000 sq ft of fit out works. There were three project management jobs as well. We identified three projects directly from investigating opportunities in the portfolio and we already have four projects in the pipeline for 2012. A total of £200k worth of fees were generated globally. The majority of this work was in EMEA and APAC.