Strategic Real Estate Consultancy - Level 2

Question 1

Can you describe your role in the relocation of an office in Lagos as a part of Transaction Management? How did you assist the occupier throughout the process?

Question 2

Explain the occupier’s initial plan to exercise the break option in September 2022. What factors influenced their decision, such as excess space, the condition of their current office, and better options in the market?

Question 3

Discuss the occupier’s decision to not action the break clause and exit at lease expiry in 2023. What were the reasons behind this decision, and how did it impact the overall relocation strategy?

Question 4

Describe the process you followed in appointing a 3rd party broker to represent the occupier in negotiations for relocation options in Lagos. How did you ensure the broker’s alignment with the occupier’s objectives and requirements?

Question 5

Can you explain the presentation of relocation options to the occupier? How did you assess their relocation objectives and shortlist suitable properties for review?

Question 6

Discuss the local team’s viewing tour of the shortlisted properties in Lagos. What criteria were used to evaluate the properties, and how did the test fits provided contribute to the occupier’s review and decision-making process?

Question 7

Can you explain your role in the transaction in Istanbul, Turkey, specifically concerning the occupier’s office lease renewal? How did you contribute to the overall strategy and decision-making process?

Question 8

Describe the process you followed in putting together the business case for the lease renewal. What factors or criteria were considered in this analysis, such as market conditions, market rent, and comparable properties?

Question 9

Can you elaborate on your collaboration with the occupier’s solicitor in preparing the renewal notice to the landlord for review? How did you ensure the notice complied with legal requirements and protected the occupier’s interests?

Question 10

Discuss the change in strategy to exit the property after the financial analysis for the lease renewal. How did you support the occupier in their decision to consolidate offices and utilize other locations in Turkey?

Question 11

Explain your role in liaising with the occupier’s solicitor to serve the notice to exit the office. What steps did you take to ensure that the notice was properly served and in line with the lease agreement?

Question 12

Describe your involvement in collating the reinstatement obligations for the office and sending them to the client’s Project’s team. How did you ensure that these obligations were accurately communicated and executed in accordance with lease terms and regulations?

Question 13

Can you discuss the challenges or complexities you encountered during the strategic real estate consultancy process in Istanbul? How did you overcome these challenges to ensure a successful outcome for the occupier?