Location
Central, Hong Kong
Size
1,700sq.ft.
Type
Office Lease & Renewal
"I will certainly call on Mr. Chan's service for future needs also confident in recommending Mr. Chan and VestAsia to any of my connections needing real estate advisory services."
Sören Hössermann
Managing Director
Brief
Nordic Hamburg Shipmanagement is a high end ship management company based in Hamburg, Germany. We assisted Nordic Hamburg to open their Hong Kong branch office in 2016, subsequently their recent renewal.
Solution & Outcome
Due to landlord's renewal rate offer was not inline with the ongoing market correction, we used unconventional methods and gathered other tenants within the building to form a larger leverage to negotiate with the landlord.
We achieved 20% deduction from their existing extension offer, client was pleased with the outcome.