The Municipal Transport Company of Amsterdam (GVB) in Amsterdam hired 11,500 m² of office floor and wanted to reduce this to 6,500 m². GVB asked Cushman & Wakefield to assist in achieving this objective. The support included guiding the carrier to develop an optimal strategy and housing location and then advising the organization in negotiations with the landlord of the current location.
After an inventory of the current lease of GVB, Cushman & Wakefield determined the spatial, functional and technical criteria for the housing of the transport company. Based on scenario planning they formulated a clear housing strategy and established a process structure. The housing strategy was the starting point for a thorough and detailed market research. A number of alternative housing options were examined. Cushman & Wakefield made, based on modeling, clear for GVB, the optimal quantitative and qualitative limits for efficient and effective housing. That was the basis for negotiations on behalf of the carrier with the landlord and concluded in a new lease agreements at the existing location.
The guidance of C&W resulted in a saving of 75% on housing costs for GVB, by the guidance of Cushman & Wakefield, a saving of around 75% was achieved on total housing costs. A significant portion of the reduction is achieved by the new, keenly negotiated price.