Good Living Global Existing Build Lease
Size:
8, 572 sqm
Location:
Erskine Park, NSW
$21 million
Project Type:
Existing Build Lease
Project Value:
$21 million
Good Living Global's needs:
  • Good Living Global (GLG) were growing rapidly, so they needed to source a facility meeting current needs and future demand.
  • Due to vastly different profile of stock GLG had specific operational needs.
  • GLG required a facility within a defined location to retain staff.
  • GLG had to source a facility with a similar availability date to their existing lease expiry to ensure a smooth transition and optimised commercial terms and conditions.
The TMX difference
  • Undertook a comprehensive expression of interest campaign.‚Äč
  • Shortlisted to a select number of offerings and maintained¬†competitive tension until a preferred asset was chosen.¬†‚Äč
  • Negotiated all commercial terms and conditions.‚Äč
  • TMX‚Äôs in-house architect assessed the existing racking¬†layout compared to the optimum layout required by GLG.‚Äč
  • Provided technical advice to GLG that their proposed use¬†(furniture storage) was permissible.¬†‚Äč
  • Managed the legal process to ensure agreed commercial¬†terms were accurately reflected in formal documentation.

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