Barometer - property advice that gives you an advantage

Royal Bank of Canada

Royal Bank of Canada (RBC) is the largest Canadian bank, with branches across Canada and offices in all urban centres.

The Challenge

RBC was occupying space in a Toronto suburban office building located at Highway 401 and Kennedy Rd. It needed to expand, although there was ample time remaining on the lease. RBC asked Savills Studley to create leverage with the landlord, expand the premises onto another floor, and extend the term.

Savills Studley’s Response

After comprehensive needs analysis, Savills Studley restructured and renegotiated the lease for RBC’s office space.

The Solution

With Savills Studley’s assistance, RBC was able to expand into needed office premises, increase its parking allocations, receive a generous leasehold improvement allowance to build-out the space to suit its requirements, and save considerable money on the rent.

Related Services

 
 
 

Key contacts

Stan Krawitz

Stan Krawitz

Vice Chairman – Founder, Head of Canada

Savills Toronto

+1 416 480 0745 Ext. 3030

 

Ken Norris

Ken Norris

Senior Vice President, Branch Manager – Ontario Office

Savills Toronto

+1 416 480 0745 Ext. 3047