TSA was initially engaged by ACT Property Group in November 2019 to review the proposed terms of a new lease of 650m2 of office space for the newly formed ACT Integrity Commission. The aim of the review was to determine whether the proposed new lease represented value for money for the Territory.
The Integrity Commission’s requirement included a hearing room for public hearings. It also had very specific location and building configuration requirement to meet its high-security requirements. TSA subsequently carried out market testing resulting in the selection of alternative premises in Kingston. TSA maintained a competitive environment throughout the lease negotiations in order to achieve the most attractive commercial terms.
Our market knowledge enabled us to quickly respond to the client’s requirements and source a range of suitable options. This knowledge enabled the expedition of the negotiation process to achieve very attractive commercial terms for the space. The lease commenced 1 July 2020, with TSA project managing the fitout works, achieving August 2020.