UBS AG

Review UBS’s existing office portfolio and provide a real estate solution for the bank’s mid to long term office needs.

The brief
Savills was first appointed in 2003 to review UBS’s existing office portfolio and provide a real estate solution for the bank’s mid to long term office needs, and again in 2009 to advise them on their real estate strategy, in the light of changing business requirements.

The client
UBS AG

Our solution
Working together with the client’s M&E consultants, Savills undertook a detailed study into both qualitative and quantitative needs of the bank. UBS’ existing premises was assessed to be suitable to meet the bank’s mid-term requirements, while the longer term needs would be better served in a new development with modern infrastructure provisions. Savills subsequently represented UBS for both the lease renewal and the new letting exercise, and structured leases aligned with the market cycles, thereby providing UBS with a cost effective long term office solution.

How we added value

Savills introduced a systematic process to the entire assignment, and coupled with the strategic advice, enabled UBS to develop a solution which took care of their mid to long term office needs..