CapStra was engaged to provide strategic advice to the Government owned, NBN in relation to its 20,000m2 office requirement in Sydney.
CapStra was engaged to assist in compiling and executing a consolidation strategy to bring multiple premises across the Sydney region into a single location.
CapStra undertook analysis to help identify the organisation’s spatial and premises requirements based on current head counts, current / future densities and anticipated growth or decline in head counts.
In addition CapStra undertook detailed market studies and analysis to assess opportunities and costs within the business’ future strategy and framework to align the premises outcome with the business plan.
A pre-commitment to a new development (100 Mount Street, North Sydney) as the major tenant was achieved by CapStra.
Significant commercial flexibility was achieved for NBN to ensure consistency with the business plan and agility when planning for significant milestones in the medium term.
The qualitative outcome will allow for significant cultural change to occur and realign the aspirations of the business.
Essential to the outcome was the ability to assess the financial strength of the counterparty, its ability to deliver and negate associated risks, given constrained market conditions.