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OMV - C&W awarded instruction to find and negotiate new premises on behalf of OMV

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The Challenge

OMV required a comprehensive market search and negotiation strategy for the acquisition of a new regional CEE HQ in Bratislava of 2500m2 with expansion options, allowing for strict budget and quality criteria. This new HQ also required reducing the corporate headcount in Hungary and Czech Republic as these functions were transferred to the new facility in Bratislava adding an extra level of complexity to the process.

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 real estate alternatives allowing for the consolidation, and approach developers, investors and major occupiers; develop a technical and financial benchmark of alternatives, including a financial and legal lease negotiation process.

Step 3: Negotiate and close.

The Results

OMV took 2500m2 in Digital Park II owned by Penta, and is more than satisfied that all of its objectives have been met. Since then, the expansion options we negotiated within the lease have been triggered by OMV.