Lenovo establishes a central headquarters with iO Partners’ tenant representation services

Case Study
Office leasing
HU

28. 08. 2024

iO Partners successfully consolidated Lenovo's teams into a single headquarters in the sought-after Váci office corridor.

Challenge

After renting two separate office spaces for a number of years, leading technology company, Lenovo needed to consolidate its team into one central headquarters. To assist with the relocation strategy and find an appropriate property that suited both teams, Lenovo appointed iO Partners.

Approach

As part of the Tenant Representation and Project Management services, iO Partners set to work creating a list of viable properties, arranging viewings, and assisting with the shortlisting process. iO Partners paid particular attention to each leader's varied needs and requirements to ensure the chosen property would suit them both and foster workplace efficiency.

Results

With the expertise of iO Partners, Lenovo successfully identified and secured an ideal property, negotiating a five-year lease with a break option after three years. The team facilitated an attractive tenant incentive package and achieved a highly competitive headline rent in a sought-after office submarket, the Váci office corridor.