CapStra was engaged to provide strategic advice to KPMG in relation to its 2020 occupancy requirement in Canberra, which comprised a ca. 5,000m2 office space requirement.
KPMG’s objective was to bring their growing Canberra requirement in line with other offices throughout Australia. Given KMPG’s upcoming expiries across different tenancies, the business grasped an opportunity to revitalise its Canberra operations and continue to attract top tier talent via a move to a new precinct / workplace
CapStra compiled a strategy (with engagement from key KPMG stakeholders) and undertook a detailed market engagement process inclusive of a technical due diligence.
CapStra was required to assess a multitude of different markets / locations and assess suitability against staff demographics, business image, aspirations and financial impact of timing in relocating from its existing premises. Regard was also had to accounting impacts of potential relocation.
CapStra was able to successfully leverage the KPMG covenant and achieve a favourable outcome for the Client. We also led the consultant team in undertaking technical due diligence required for the transaction.