Portfolio Management
for Lloyds Register

For over three years, The Instant Group has worked withh Lloyds Register to implement an innovative fixed-flex strategy, transforming underused spaces into thriving, productive assets.

Objectives

Enhance flexibility: Optimize the portfolio to address outdated and oversized properties.
Increase efficiency: Professionalize property strategy for greater efficiency.
Improve employee experience: Standardize and improve the global employee experience.
Promote sustainability: Focus on reducing the carbon footprint.
Future-proof operations: Prepare for future mergers and acquisitions.

Pain points

Outdated and oversized estate needing transformation.
Long tail in the portfolio requiring management.
Inflexible estate structure (mixed freehold/leasehold).
Lack of flexibility and choice in workspace for employees.
Need to professionalize property strategy.
Inconsistent employee experience globally.
Focus on reducing carbon footprint.
Preparation needed for future M&A integration/divestment.

70+ flex solutions

£3m cost savings

9/10 NPS score

Outcomes

By optimising Lloyd's Register's overall real estate portfolio, we delivered significant cost reductions totalling £13 million, enhancing financial performance and reinvestment capacity.

Right-sized their real estate portfolio to improve operational efficiency and reduce expenses, while establishing a sustainable management framework to maintain these benefits over time.

Created appealing and functional workspaces that enhanced employee satisfaction and productivity, helping Lloyd's Register attract and retain top talent critical for their business success.

Used data-driven smarts to fine-tune Lloyd's Register's real estate strategy, keeping their portfolio sharp and on point with market moves, while minimising risk.

Transformed underused spaces into productive assets while supporting organizational changes such as demergers, fostering a more efficient and adaptable workspace environment.

Provided flexible and agile lease solutions to support business transformation, enabling Lloyd's Register to scale up or down easily based on demand, thereby enhancing efficiency and responsiveness.

Created a fully outsourced CRE model and implemented a global Fixed-to-Flex strategy to optimize real estate operations, reduce costs, and adapt quickly to changing business needs

Worka
A smarter working world.