Global Occupier Services
Booking.com Office Case Study
Conducted Stay vs. Go, secured favorable lease renewal for Booking.com.
Opportunity
Appointed to advise on a lease renewal assignment for Booking.com
Approach
A Stay vs. Go assessment was conducted to validate the optimal strategy for Booking.com. The outcome was used as effective leverage with the landlord to secure the most favourable renewal terms. Engagement began 10 months before lease expiry, presenting a credible relocation scenario. Thanks to strong landlord relations, the proposed renewal terms were considered and agreed upon in a timely manner.
Solution
Cushman & Wakefield Core secured a 3-year lease renewal at the existing passing rent with no annual escalations. This was a one-time approval granted directly by the landlord’s office, resulting in rental terms approximately 20% below current market levels.
Key Contacts
Charlie Sargent
Head of Global Occupier Services
Global Occupier Services