Capitol Commercial Properties brings Cipla Medpro together
Cipla Medpro, one of South Africa’s leading pharmaceutical companies, was locked into ten different property leases in four separate buildings – as a result of the company’s gradual growth over many years.
Capitol Commercial Properties identified a highly visible space of 3400m² in Cape Town’s Northern Suburbs, which offered a desirable corporate head office environment. This resulted in considerable cost saving for the client since a comprehensive space planning exercise revealed that the consolidation of all their different divisions into one property would require a much smaller footprint with less duplication and wasted space.
In addition, Capitol assisted in finding sub-tenants for all Cipla’s “old” property leases. All in all, expectations regarding the cost implications were exceeded.