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TravelEdge

Secured two-year lease renewal at 33% reduced rental

1,000sqm
Sydney CBD
Office

TravelEdge engaged Tenant Leasing Group to organise their relocation in Sydney CBD. We went to market seeking relocation options, and ended up negotiating with the lessor on the existing site. Our negotiation efforts secured a lease renewal for two years at a 33% reduced rental level. This meant the business could continue to operate out of the existing premises, whilst saving significantly on lease rental.

TravelEdge are Australia’s premier travel solutions partner. In 2019, they were acquired by Helloworld Travel Limited, making them the second largest listed corporate travel management company in Australia.

Outcomes
  • 1,000sqm A-Grade office
  • 2-year lease renewal
  • 33% reduced rental level, significant savings over the lease
  • Went to market seeking new sites for relocation
  • Negotiated a lease renewal with the existing lessor
  • Sydney CBD
  • Safe pair of hands managing transaction
  • Phil acts pragmatically to meet our commercial leasing needs. He saved us over 35% by negotiating a great deal on a lease renewal for our 1,000sqm Liverpool Street office in Sydney’s CBD.”

    Andrea Gaylard

    CFO, TravelEdge Corporate
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