PHILIPS PORTUGUESA, S.A. - C&W awarded sole agency instruction to find new premises
Philips challenged Cushman & Wakefield to help fulfil three objectives: to find new headquarters in Portugal (with a showroom area) with a new and more appropriate image, to improve space efficiency and to implement the global “Work Place Innovation” concept.
The deep knowledge of the market, allowed C&W to identify and to negotiate with a short list of 3 properties that met Philips main requirements.
Selected the best quality option in Lagoas Park and negotiated with the Landlord the financial and legal terms, after a technical due diligence to meet all the previously defined objectives.
Philips reached its main objective: implementation of a new way of working, with more comfort for the employees, improvement of the operational efficiency and new image, in line with the products it produces and sells, with an excellent presentation for the customers;
Rent values lower than 37% / year and landlord’s contributions allowed a drastic reduction of the implementation costs.