Jll banner

 Case Studies



Honeywell
  
  Acquisition of 8.100 m² of offices and storage space in a building part of the Hermes Plaza project in Diegem   

Situation

Honeywell was looking for new European Headquarters in Brussels.
The relocation project was driven by two objectives: create a new work style & work environment and achieve an important savings in rental and operating costs.

Initiatives

  • Jones Lang LaSalle was instructed to identify a development located in the Brussels Airport area and amounting to about 8.000 m² of offices.
  • The relocation project in Brussels was considered as the pioneer project for the change in work style and work environment.
  • The new building had to be constructed within 16 months after lease signature.

Results

  • Jones Lang LaSalle achieved to identify a developer willing and able to commit for the construction of a new & modern building, within the tight time frame and with the ability to reduce real estate related costs.
  • Jones Lang LaSalle achieved a 3 year payback period on relocation investments through tough negotiations with the developer. On top, thanks to the competitive financial deal and the high degree of efficiency of the new building, Honeywell could save € 750 k each year on rent expenses.
  • The new work style and work environment was successfully implemented.

Contact at Honeywell : Neil Usher + 44 79 74 45 22 51

Jones Lang LaSalle

rue Montoyerstraat 10 - 1000 Brussels - Tel: +32 2 550 25 25
Frankrijklei 39 - 2000 Antwerp - Tel: +32 3 232 39 30
Centre Bragance - 48 Rue de Bragance - L-1255 Luxembourg - Tel: +352 46 45 40


Contact us