OPTALERT, a world leader in fatigue monitoring technology based in Richmond were expanding before the GFC, and seriously looked at office space in Box Hill.
The project was shelved when the financial crisis hit. Emerging early from the carnage with confidence, OPTALERT began to search again earlier in 2010– second time around coming close to selecting an office development in Canterbury requiring a full fitout.
With a tight timeline and budget and unsure of the commercial agent’s guarantees, OPTALERT’s CEO, John Prendergast turned to BRM for trusted project advice.
BRM took one look at the project demands and recommended to search closer to OPTALERT’s Richmond offices for an existing fitout.
“Despite good incentives on offer, a full fitout timeline and budget wouldn’t meet OPTALERT’s requirements” says Gab Aghion, director of BRM. “The risks of leaving OPTALERT without a premises or over budget were too high. And relocating a head office from Richmond to Canterbury is a big deal for staff – the decision carries a myriad of change management issues.”
BRM were engaged to conduct OPTALERT's third property search, this time with some tighter parameters. A number of properties with existing fitouts were identified in the Richmond zone. The perfect option ended up being right under everyone’s noses – the catch being, the premises was not yet available on the leasing market. CBRE and Kelly & Kelly commercial agents worked together to broker a three-way deal between the landlord, an outgoing high profile tenant and OPTALERT.
OPTALERT secured a high quality office building including an architectural fitout in a technology business park matching the company’s growing profile. A fast tracked refurbishment with a landlord contribution brought the fitout back to life and saved OPTALERT in excess of $300,000.
John Prendergast says, “Moving an office can be a challenging task and given the rate with which we are expanding we could not allow it to become a distraction. Gab was able to work in a way that created confidence in his ability and this led to the point we trusted his judgement. We’re delighted with our new office both from a location and fit out point of view. We’re a business that’s all about the human and the conditions they work in.
We were, with Gab’s help able to carry this belief from our technology into our office fit out and we’re now ready for the next phase of our business”.
OPTALERT is the world leader in monitoring alertness and fatigue risk profiling. The OPTALERT range of technologies is the only scientifically proven, real-time system in the world that detects the early onset of driver drowsiness during a journey by accurately measuring a person’s level of alertness.
More information is available at: www.optalert.com