Levi’s - New Central London HQ, Great Marlborough St
After an extensive stay vs. go analysis, BNP Paribas Real Estate secured premises for Levi’s in a competitive bidding environment.
Levi’s USA HQ instructed BNP Paribas Real Estate to undertake a stay vs. go analysis of the existing office. They required a self-contained building, or their own entrance due to VIP client visits. The current office footprint was not sufficient and the stay analysis involved working with the Landlord to assess the viability of adding an additional floor and roof terrace to the building.
We identified a self-contained townhouse development, prominently located in Levi’s prime search area, taking particular care with delivery timeframes and contractor penalties for delay, to mitigate risks and provide for continuity of business.
The project involved continuous reporting to both UK and US stakeholders and a detailed cash flow analysis, including IFRS 16 and balance sheet reporting advice.