Case Study

Global HR Benefits and HR Consulting Firm

Approach

Vestian was enlisted to support this consulting firm’s real estate leases of 22 locations on a global basis throughout North America and EMEA.

To execute, the Vestian team built a customized portfolio optimization and cost reduction strategy that encompassed their 22 locations.

Our portfolio optimization team takes an independent view of the market, meaning we are able to see and utilize opportunities that our competitors cannot. We utilized this unique approach in building the client’s portfolio approach, improving workplace strategy and reducing overall costs.

Vestian developed workplace strategy program and identified 3 US locations that could integrate with the client’s hybrid return-to-work model. This model reduced occupancy costs, while improving workplace experience for retention and recruiting.

Results

Pittsburgh

Downsize from 12,000 to 8,000 SF reducing expense by 40% annually. Landlord provided turnkey build out, and employees benefited from hybrid working model

New Jersey

Client decided to stay in current footprint, but secured 12 months of rent abatement in allowance to upgrade space for return to work

Midtown Manhattan

Negotiated lease buy out and downsized from 13,000 to 8,000 SF, reducing spend by $300k annually

Project Highlights

Project Scope

Headquarters Relocation

Portfolio Optimization for 3 US Locations

Services

  • Global Portfolio Strategy
  • Workplace Strategy
  • Transactions Management
  • VPortal Technology Solutions
  • Project Management
Future Scope:

Montreal, Atlanta and St. Louis Locations