Cresnia is a boutique tenant rep firm that focuses on city-center, high-profile tenants in the Stockholm, Sweden area.
Category: tenant representation
Companies who are looking for space in southern California now have a “Tenant Guardian” to ensure they are protected and valued during increasingly complex real estate transactions; Exis Global, Inc., is excited to welcome Tenant Guardian to our growing platform of best-in-class tenant representation firms.
The new Opportunity Zones created in the Tax Cuts and Jobs Act of 2017 (the “Tax Cuts and Jobs Act”) are the darlings of real estate right now. And for good reason. These Zones could potentially enable trillions of dollars in current and future capital gains to be deferred, discounted and even fully exempted from…
In short, currently properties dominate the market and they are aware of it, but they are also aware that tenants look at their real estate costs much more than before and what is white today, tomorrow can be black and that is why they are always open to listening to the needs of a tenant who knows what he should do to optimize his real estate portfolio in order to improve his EBITDA.
The Netherlands has been the location of international corporates such as Philips, Shell and Unilever for decades. In recent years, international corporates like Netflix, Uber and Staples have established their headquarters in the Netherlands. Booking.com is currently building a new office campus of 730,000 ft2 in the Amsterdam city centre. Recently the European Medicines Agency (EMA) chose a 450,000 ft2 office for their transfer from London to Amsterdam. According to an EY report, 13% of companies leaving the UK are considering a new location as a result of Brexit: Netherlands. Why?
We believe that the non-exclusive model actually works against tenants’ interests. Firms representing both landlords and tenants are often times compelled to do what is best for the bigger client, typically the landlord. Conflict-free tenant representation ensures that our clients receive impartial, expert advice on every detail in every transaction. All potential for any “conflict of interest” that may arise is eliminated and the main focus remains on the client’s bottom-line.
With the exclusion of base rent and other explicitly financial landlord concessions to the tenant, operating expense structure, definitions, and implementation thereof financially impact the tenant more than virtually any other section of an office lease. If tenants don’t negotiate and exercise their rights to conduct annual preliminary reviews to determine if a full audit is necessary, they are likely throwing money away and/or wasting the cost, time and energy of their team that negotiated optimal operating expense terms.