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NSN – Nokia Siemens Networks
Metropolitan Portfolio Optimisation, Milan
- NSN – Nokia Siemens Networks
Nokia Siemens Network is a recently formed joint venture of Nokia and Siemens companies. To accelerate the integration and rebranding process, NSN wanted to redesign its industrial and office footprint in Milan, Italy to drive down occupancy costs, unlock value and enhance business synergies across its Milan platform.
C&W interviewed senior head office and local management to gain a full understanding of key local, national and supranational drivers, objectives, constraints, dependencies and risks of migrating to a new streamlined office and industrial platform.
Multi–Occupancy Scenario Analysis
C&W modeled current and future state occupancy scenarios, paying heed to future vacillating headcount projection scenarios, one-time and recurring capital and operational expenditures.
Occupancy Scenario Trade Off Analysis
Each scenario was systematically screened against critical business objectives including shareholder value, operational imperatives, real estate requirements, deliverability, implementation timeframes and supported by detailed qualitative and quantitative inputs.
The approach taken allowed senior NSN management to readily grasp the cost benefit analysis of each headline scenario and presented them with critical path to implementation.
- Optimal scenario chosen produced a 42% space reduction
- Total occupancy cost savings of € 45M
- Cash generated in year 1 post-optimization of € 8M
- Integrated, focused workforce housed in modern, flexible premises
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