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Mattel Italia - C&W represents Mattel in Relocation


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The Challenge

Mattel occupied 3.000 sqm over 2 floors at Maciachini Centre / Building MAC3. They needed to downsize and the lease had a first break option on 31st December 2012.


The Solution

A technical analysis showed that it was possible for Mattel to consolidate into 2.200 sqm within a building of the new phase of Maciachini Centre.

C&W worked in parallel on the negotiation with the current landlord for the early termination of the lease and with the new landlord for the relocation of the new premises.


The Results

Catching the opportunity of some ongoing negotiations between another existing tenant of MAC3, willing to expand within the same building, and the Landlord, C&W achieved an early termination of the contract on 1st February 2012, without reinstatement cost, generating a saving of more than 1.2 million euro for Mattel. C&W also negotiated Mattel’s new lease at MAC6, obtaining 18 months rent free (avoiding Mattel to pay double rent) plus €/mq 200 cash contribution for fit out works.

Contact

Cesare Lombardi

Head of Tenant Advisory Group

Milan, Italy

Phone +39 02 63799232

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