Sector: Media
Geography: Australia and New Zealand
Challenge: In the midst of a rapidly changing business environment, Fairfax held a diverse portfolio of property interests that no longer met the needs of the business. It needed to reduce costs and profoundly change its business culture.
Solution: With our services, the organisation refitted its corporate offices, sublet its surplus space and put consistent workplace standards in place. Outsourcing its real estate services, it sold specialised sites and rationalised leased and owned properties.
Result: As a result, Fairfax exceeded its annual savings targets, returned capital to the business, recovered costs on surplus space and co-ordinated its real estate response, all while engaging its executive team in the process.
