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    Renegotiation - QBE Insurance (Europe) Limited

     

    Professionals have successfully completed an office renegotiation transaction for the Czech branch of QBE Insurance (Europe) Limited at Gemini office building. QBE needed suitable space that had to fulfil and achieve their main strategic goals of space optimization and subsequent cost savings. In the meantime QBE was looking for the improvement of their office space plan so it meets today’s both external client service quality expectation and internal QBE team members’ effective communication.

     

    After a detailed analysis of 5 selected options and in spite of certain challenges such as timing (the project was launched 5 months prior to the original lease expiration) and process of the Czech QBEs business transition to a new owner, the Canadian insurance and reinsurance group Fairfax Financial Holdings Limited, Professionals led the negotiations and managed to identify a new space within the building which complied with Fairfax’s main goals. To secure a timely delivery of the project Professionals negotiated twice the extension of the old lease, provided the client with financial consultancy, advised on new lease conditions and supervised the fit-out works.

     

    As a result Professionals delivered a new, comfortable and light office modern designed space allowing further growth potential of the business. At the same time significant savings were achieved.

     

     

    More information:

     

    LENA POPOVÁ

    Senior Consultant

     

    E: lena.popova@professionals.cz

    M: +420 731 175 844

     

     

     

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