How Allegro Microsystems secured 18% savings on its lease renewal with iO Partners

Facing an expiring lease, Allegro Microsystems, a global leader in semiconductors, recognised the importance of proactively negotiating a lease renewal with favourable terms. The company’s objective was to either agree on downsizing the space or achieve savings. To help realise these goals and optimise its real estate strategy, the company enlisted the expertise of iO Partners.

To put Allegro Microsystems’ needs into perspective, iO Partners produced and shared an overview of the current state of Prague’s real estate market. These insights provided the foundation needed to negotiate lease terms with the owner of the current building. Once completed, iO Partners presented a financial comparison to the company. Providing support and guidance from start to finish, iO Partners finalised the terms of the lease and coordinated the completion of the lease addendum.

Taking just seven months to complete, iO Partners successfully secured a lease renewal for Allegro Microsystems while obtaining a generous financial contribution in the form of rent-free months and provisions for limiting and postponing annual rent increases. iO Partners' involvement resulted in savings of 18,57% for Allegro Microsystems and helped position them for future growth.