Swiss Life Select achieves lease renewal, office modernisation and savings with iO Partners

Swiss Life Select, a leading financial services company, had been operating from its current office space for over ten years. Facing lease expiry, with just one and a half years left, the company had to make a strategic decision about the future of its workspace. Recognising the importance of this, they turned to iO Partners to initiate renewal negotiations and explore viable relocation options.

To address the relocation strategy, iO Partners compiled a list of suitable properties. From this list, two properties were shortlisted for further consideration. Alongside the currently occupied offices in City Tower, the team successfully negotiated the option of moving to a new premises within the same building. Test fits were carried out for all viable relocation options, which included cost estimations for the fit-out.

With all the relevant information at its disposal, Swiss Life Select made the decision to renew its current lease. iO Partners expertly negotiated this renewal, ensuring the modernisation of the premises to meet the latest environmental standards, along with the refurbishment of the office space at the landlord’s expense. The negotiations resulted in significant financial gains for Swiss Life Select, including no VAT payments on office rent and a rent-free period, leading to savings of 33.88%.