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Miller Workspaces

  • 50 Miller St, Sydney, Australia

The Driver​

The client, Sun Venture, had flex operator WeWork hand back their entire tenancy on short notice. They appointed CIVIS to help provide guidance in their negotiations and take over the management of the space on a short timeline with the goal of optimisation and profitability.

CIVIS are also right sizing the flex operation, working with leasing agents to hand back some of the space to traditional tenants as demand arises.

The Solution​

  • Sun Venture partnered with CIVIS to take over the operation of their WeWork ready-built coworking space ~3,114 square meters on GF, L1,L2 & L4 at 50 Miller Street.

  • A key need was to quickly take over management seeking to retain the existing customers. This was a challenging task due to WeWork’s desire to move their customers to their other active sites and remove their infrastructure from 50 Miller. The CIVIS team managed this process to be as seamless as possible, setting up Miller Workspaces to relaunch as profitable as possible.

  • The CIVIS team are working with the client to put the Asset’s needs first, proposing a right sizing strategy for 50 Miller. Meaning CIVIS will operate GF, L1, L2 & L4 immediately with the goal to compress the flex customers into GF, L1 and L2 only, freeing up L4 to be leased to a larger traditional tenant as that interest arises.

  • The CIVIS team worked with the Sun Venture team to rebrand the space. The brand and all collateral are owned by the client.  The space will relaunch under the name Miller Workspaces.

  • Sun Venture has full ownership of Miller Workspaces with CIVIS engaged under  a management agreement, being the engine that runs and activates the space. The CIVIS team transitioned to management with minor further investment by the client within 3 months.

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