Micron Technology

Munich, Germany 120,000 sqft

Micron Technology, Inc. is an American multinational corporation based in Boise, Idaho.

Client Overview

Micron Technology, Inc. is an American multinational corporation based in Boise, Idaho. They produce a multitude of semiconductor and computer memory devices, including DRAM and Flash components, and solid-state drives under several well-known brand names.

IPG Service Provided

Objective Current Location Analysis and General Market Overview
Site Surveys in Collaboration With Local Brokers and the Munich Economic Development Corporation
Negotiate With Local Authorities to Achieve Substantial Tax Savings and Other Incentives For a New Location Within The City Center
Negotiation of Space Return With The Existing Landlords
Negotiate With Three Landlords to Achieve The Best Possible Result For a New Lease

The Assignment

Due to their acquisition of Japan-based Elpida, Micron already had two locations, one in the greater Munich area and one in Ismaning.
The leadership team in Boise wanted these disparate business units to assemble under one roof, ideally a place with reserve space from which to grow their business in the coming years.

The Challenges

Merging the various geographical interests

Ensuring that corporate prerogatives were kept in focus throughout the process

Negotiating with landlords to achieve the best possible result

Merging the various geographical interests and ensuring that corporate prerogatives were kept in focus throughout the process.

The Success

120,000 square feet of space secured

Lease Value: €8 Million

Savings to the Client: €2.8 Million on Lease

After several rounds of negotiations with three different landlords, team was able to secure an excellent deal for our client for one of the most sought-after properties in central Munich. The location was right next to Amazon, Xantaro, Microsoft, and Osram. Since we were early in the game, we were able to secure anchor tenant benefits that went well beyond the client’s expectations.

120,000 square feet of space secured
Lease Value: €8 Million
Savings to the Client: €2.8 Million on Lease
Tax and Incentive Savings: €4 Million