• Size – 23,000 sq ft
• Project type – Acquisition
• Location – Canary Wharf
• Industry – Not-for-Profit
• Year completed – 2017
• Project managed by Cushman & Wakefield

Clients key concerns & challenges

• Minimising disruption to employees and visitors
• Minimising any increase in occupational costs
• Acquiring a new office that projected the correct image and culture of the IFRS Foundation

Outcome

• Undertook a full ‘Stay vs Go’ analysis and negotiated with their existing Landlord to potentially stay in occupation
• Relocated the Foundation from the City Core to Canary Wharf, delivering significant occupational cost savings
• Enabled great workplace efficiencies and collaboration in moving from multiple floors to a more open plan single floorplate

Looking at all the options

The first task we completed for The IFRS Foundation was a comprehensive stay-or-go analysis, which included negotiating with their current landlord to determine the cost of remaining in the City Core area.

After weighing up the options, a move was considered the best use of the charity’s investment. A site in Canary Wharf was targeted and, after negotiation, not only matched, but reduced The IFRS’s occupational overheads. Moreover, the new offices helped the organisation work better together, as they moved to a single floor.