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C&W awarded instruction to find and negotiate new premises and dispose of existing space for Abbott Laboratories


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The Challenge

Abbott Laboratories required a negotiation strategy for the disposal of existing space and the acquisition of expansion space following the take-over of Solvay Pharma. The focus was on cost savings.


The Solution

Step 1: Conduct a comprehensive situation analysis including a full legal and financial analysis of the leases, along with the terms and conditions required to vacate the premises.

Step 2: Identify and confirm real estate alternative for expansion allowing for the consolidation, and approach developer. Develop a technical and financial benchmark of alternatives, including a financial and legal lease negotiation process. In parallel explore alternatives for disposal of existing lease including negotiations with other occupiers and with the landlord

Step 3: Agree terms for both disposal and acquisition

Step 4: Negotiate and close


The Results

Abbott Laboratories took 2100m2 in CBC II, Bratislava owned by HB Reavis, and is satisfied that all of its objectives have been met.

Contact

Radoslav Blazo

Head Of Project Management

Bratislava, Slovakia

Phone +421 2 259209372

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