Vodafone Hungary - Renegotiation of Office and Retail Lease
Vodafone Hungary has appointed C&W to renegotiate its existing leases for the mother company occupied locations in Hungary. The client’s major objectives were to reduce their rental costs and optimise store locations.
Step 1: Renegotiations with the landlord’s of existing stores and rationalization of the rental costs for a long term agreement.
Step 2: Evaluation of the existing locations and negotiations for relocation if needed.
Cushman & Wakefield, as the preferred agent for Vodafone Hungary, has successfully completed the renegotiations on 11 locations, including a relocation, with significant savings realized for the firm. Cushman and Wakefield has also managed to secure a location within a very short period of time for Vodafone’s Smart Store, which is a unique concept in Europe.