The Challenge
UniCredit Bank required a comprehensive assessment of its current office space of approximately 7,000 sq m in Belgrade Business Centre (BBC), as well as 620 sq m of retail space used as a bank branch office. The client was evaluating whether to remain in its existing premises or relocate, with the objective of identifying the most suitable solution from operational, technical and commercial perspectives.
The Solution
CBS International conducted a detailed Stay vs Go analysis, assessing the client’s current and future space requirements and benchmarking the existing premises with relevant market alternatives. The analysis included a review of available relocation options, rental levels, commercial terms, space efficiency and the suitability of alternative locations.
Based on the market analysis, CBS International supported UniCredit Bank in evaluating the renewal and optimisation of its existing premises, including commercial benchmarking and negotiations with the landlord. The team coordinated the process and provided expert advice and market insights during negotiations, ensuring that the proposed terms aligned with the client’s requirements and current market conditions.
The Result
Following the comprehensive Stay vs Go assessment, UniCredit Bank decided to stay in its existing premises at BBC office building. CBS International supported the client throughout the process by providing market analysis, benchmarking and negotiation advisory for both the 7,000 sq m office space and 620 sq m of the bank’s retail space, enabling the client to make an informed decision and secure terms that align with its operational and commercial requirements.