iO Partners Delivers Office Relocation for Lindt & Sprüngli in Prague
Lindt & Sprüngli upgrades to City Tower - nearly double the space, delivered on time and on budget
When a looming lease expiry collided with a full building reconstruction, iO Partners turned a potential disruption into an opportunity. After nearly a year of navigating a supply-constrained market, the team secured Lindt & Sprüngli a flagship office on the 19th floor of City Tower - nearly double the original space, with stunning panoramic views and significantly improved lease terms.
A Plan to Stay That Became a Search to Move
Lindt & Sprüngli had been happily settled in their Prague offices - good fit-out, a river view, and a lease they intended to renew. iO Partners had delivered for them in 2019, so when the time came, the mandate was a natural continuation of that relationship. The plan was straightforward: secure a prolongation and move on.
Then the building went into full reconstruction. With relocation now unavoidable and Prague's office market offering limited comparable options, the search became a test of patience, market knowledge, and creative negotiation - stretching across nearly ten months before the right solution emerged.
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Every Option Explored, Every Term Challenged
- Opened negotiations with the current landlord to explore viable office scenarios within the reconstructed building
- Identified and secured both short-term and long-term alternatives across the Prague market, with initial space planning for each
- Prepared a detailed financial comparison of shortlisted options to support the client's decision-making
- Monitored project timelines closely to protect against operational disruption during the transition
- Negotiated the final leasing terms in City Tower, achieving a 12% improvement from the initial offer
- Provided full project and cost management throughout the 12-month fit-out — coordinating contractors, controlling costs, and ensuring delivery on schedule
A Better Office Than They Set Out to Find
- Office space grew from 855 sqm to 1,533 sqm - a 79% increase in footprint
- Parking allocation increased from 18 to 20 spaces
- Lease terms improved by 12% against the landlord's initial offer
- Built-in lease flexibility secured for long-term adaptability
- A landmark address on the 19th floor of City Tower - matching Lindt's global office standard
- Full fit-out delivered on time and on budget after 12 months of project and cost management by iO Partners
"What began as a straightforward lease renewal became something better - a full-scope relocation delivered on time, under budget, and above expectation."
Fabien Rada • Senior Consultant
Facing a lease expiry or an unexpected change of plans? Contact iO Partners to explore how we can turn complexity into the right outcome for your business.
Senior Consultant • Office Agency
