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Completed Projects
Portfolio review
Fund managers, City, London, UK
Size
6,040sqm
Brief
To establish if the Crown Plaza and Exchange Square premises could meet headcount projections, and whether the organisation could reduce its operational footprint and sub-let any residual space.
Approach
Our approach was to carry out a desktop study of the City portfolio to understand:
- the impact of headcount projections on the properties
- the existing and potential capacities
- the ability to sub-divide or sub-let the floorplates
Outcome
The study highlighted that by using existing furniture systems and business as usual with no change to working practices rationalisation of the portfolio was possible.
- Crown Plaza could be restacked and in doing so improve business effectiveness
- There was future growth potential in Crown Plaza
- Through the restacking exercise a complete floor in Exchange Plaza could be released onto the open market
- The upfront churn costs associated with the re-stacks were relatively small in comparison to the savings that could be made by releasing a floor
It was also demonstrated that long term growth could be accommodated if the organisation was to reduce its occupancy density standards from 13sqm/workstation to 11sqm/workstation
