Tenant Rep supports Saxo Payments in a strategic relocation

Our client Saxo Payments was occupying 500 sqm as office space on the ground floor of the Espace Monterey building. That building is a second-hand building located in the CBD district.

Saxo Payments opened an office in Luxembourg in summer 2017, transferring many employees from Copenhagen to Luxembourg. And in summer 2018, the Company was acquired by the Swedish Private Equity Firms, EQT and EQT Ventures. The Company has been growing rapidly since, and they outgrew the space much faster than expected hiring local talent. As an extension in Espace Monterey was not possible, Saxo Payments instructed JLL to assist them to relocate to a bigger space.

In parallel, Saxo Payments no longer needed the premises in Espace Monterey and wished to terminate their lease ahead of the next break date.

JLL offered an end-to-end service, which included searching for the right location and building, negotiating on Saxo Payments’ behalf and liaising with local lawyers during the preparation of legal documentation.

JLL secured the ideal solution for Saxo Payments in terms of location, comfort, image, efficiency and flexibility.

In parallel, JLL provided assistance to Saxo Payments to reduce their liability as much as possible by identifying another tenant to rent the whole premises in Espace Monterey from Saxo Payments’ moving date.

“Thanks to JLL, we have been able to keep focused on our business while expanding. JLL navigated us efficiently through the complex Luxembourg market and found the ideal solution for us. Furthermore, their guidance through the office move project has been important for a smooth transition.”