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Case Study | Everest Medicines new office lease

1

Introduction

Everest Medicines is a biopharmaceutical company focusing on the development and commercialization of innovative drugs. It was successfully listed on the Hong Kong Stock Exchange in 2020. Everest Medicines is committed to cooperating with biopharmaceutical companies around the globe to develop innovative drugs for consumers in the Greater China region and Asia-Pacific emerging markets. In order to expand its North China market and enhance its corporate image, Everest Medicines authorized Colliers to provide agency services for Beijing and Shanghai office sites selection in 2019.

Challenges

  • Given very tough budget before the company listing
  • Complex criteria for building selection
  • High expectations for building quality and customer base

Strategy / Services

  • Comprehensive and accurate financial analysis
  • Test-fit & Fit-out cost estimation
  • Vacancy monitoring
  • Balance various requests from Bus.
  • Asist investor to lock the “decisive decision”

Result

  • Signed with a prime office building in CBD, big Pharms concentrated area
  • Take advantage of tenant market and its business prospects to win a best case
  • Achieved satisfaction for each BUs and a marked success on recruitment and business development
 

2

Client: Everest Medicines
City: Beijing
Transaction date: Nov. 2020
Property: Fortune Financial Center
Site area: approx. 2,600 sq.m. G.
Deal type: New lease