PWC had to re-locate staff in the London Bridge area after 25,000 sq ft of their existing property portfolio was displaced due to a major local development. They needed an interim solution for an initial term of three years while they acquired and built their new London headquarters and re-furbished their existing West End flagship office. Their plan was to co-locate parts of their business and establish an element of flexible space within their medium-term real estate strategy.
A serviced office operator, having recently acquired a building in the area agreed to provide their entire property to PWC prior to the fit-out process. As such, they tailored the design process according to the specific requirements of PWC providing 300 workstations on a fully serviced basis. An option to roll the agreement beyond the initial term was put in place and the exit provisions enabled the efficient re-integration of staff into PWC property.
PWC said that “the office accommodation was provided on flexible terms in the right location within a very short timeframe. This enabled PWC to maintain business continuity in relation to work flow and the standard of the office space and communications infrastructure. We also managed to minimise employee disruption. The solution eradicated the risks associated with conventional leases and offered the business valuable cost-certainty during a period of transition”