Dindas Lease Renewal
Size:
7,866 sqm
Project Type:
Lease Renewal
Location:
Tingalpa, QLD
Dindas' needs:
  • Dindas engaged TMX with a very limited timeframe remaining until their lease expiry date.
  • The asset needed significant capital works for Dindas to operate effectively into the future.
  • The facility Dindas occupied was bespoke to their internal needs (low site coverage and significant capital investment with their warehouse).
  • TMX to undertake a comprehensive demand analysis looking at both B grade existing building and yard evidence that was advantageous to Dindas in negotiations.
The TMX difference
  • To complement the reduced rent in year 1 the owner agreed to a financial contribution to improve the aesthetics and functionality of the asset (re-surfacing the yard).
  • The make good clauses and terminology on the definition of base building were significantly relaxed to mitigate the future cost exposure for Dindas.
  • To allow Dindas to grow on the site into the future, TMX created a financial mechanism to quantify the costs of any future capital works the owner undertakes over the term of the lease.

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