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Palladium Property | tangible benefits
 
      Recent Projects | Commercial Office  
         
 

  Supply & Demand Review & Indicative Rental Assessment - Commercial
Role
Strategic highest and best use advice for potential re-development of the existing structure. Review of current and forecast supply and demand. Provide an indicative rental assessment of the proposed development.

Client
Private investor

Project / Property
Market Street, Wollongong, NSW

Zoning / Area
Mixed use zone. Site area 2,000sqm approximately.

Requirement
Analysis of the current and forecast supply of competing uses in the surrounding locality and assess existing levels of demand within the demographic, market, economic and planning restraints. To provide an indicative rental range of the proposed uses within the proposed development.

Solution
Investigation and analysis of existing and proposed supply and demand for appropriate property uses. Analysis of demographic factors, a review of retail trade areas and drive times, investigation into local dynamics, analysis of rental evidence and assessment of indicative rents likely to be achieved within the proposed development.
 
         
 

 
Transaction Management - Commercial/Office - Work, Learn & Play Development
Role
Tender Management– A-Grade Office (on-going project)

Client
Private developer and investor

Project / Property
Significant four level commercial development / Five Dock, Sydney

Zoning / Area
Industrial with commercial rights / 2,077sqm site

Requirement
Manage an effective marketing process and secure corporate office user and suitable ground floor retailer during construction.

Solution
Manage development of ‘Work, Learn & Play’ branding, appoint and manage leading global and local specialist leasing agent on a pro-active tenant procurement basis.
 
     
 
 

 

 
Initial Review, Acquisition and Development
Role
Site Acquisition and Development Management

Client
Information Technology owner occupier and investor entity

Project / Property
Commercial office development, Frenchs Forest

Zoning / Area
Commercial / 1,250sqm

Requirement
To secure an option of an identified site, assess the viability, appoint professional consultants and the likely approval of a proposed development application prior to purchase.

Solution
Involved selecting, appointing and co-coordinating a suitable architect and quantity surveyor, assessing the rental and strata sales rates, analyzing the cash flows of the various scenarios, arranging pre-lodgment council meetings, advising on the process and viability of the project.
 
     
 
 

 

Market Review and Assessment - Office
Role (principal consultant with previous firm)
Market and forecast rental assessment advice.

Client
Joint venture vehicle

Project / Property
Jones Bay Wharf, Pyrmont, NSW

Zoning / Area
Commercial / 13,178sqm office strata

Requirement
Independent assessments of forecast supply of rental rates and anticipated demand and manage the leasing of owner office suites.

Solution
Comprehensive investigation of existing and anticipated supply and demand, likely assessed forecast rental rates and structure in order to manage the leasing process effectively.

 
     
 
 

 
Disposal Management and Due Diligence – Commercial development site
Role
Strategic advise regarding disposal strategies to maximise the return and minimise the discounting due to potential site contamination

Client
Deceased estate

Project / Property
Sydney City Fringe

Zoning / Area
Commercial / 0.64Ha

Requirement
To maximise the return on disposal of a potential contaminated service station site.

Solution
Independent initial review undertaken to identify the potential of disposal on the open market and possible scenarios with a view to the risks associated with possible contamination of the site and likely remediation requirements and process.
 
     
 
 

 
Initial Review and Due Diligence
Role (principal consultant with previous firm)
Highest and Best Use assessment and advice on planning and market constraints

Client
ASX listed developer / unlisted property trust

Project / Property
CBD South, Sydney, NSW

Zoning / Area
CBD commercial / 8,500sqm proposed refurbishment of a multi level heritage commercial building

Requirement
Independent assessment and advice to determine the supply and demand and most profitable scenario within the planning constraints.

Solution
A supply and demand / lease and sales rate assessment and Highest and best use study with cash flows to identify the most plausible development scenario within the applicable planning instruments, heritage and market demand and economic constraints.
 
     
 
 

 
Initial Market Review and Rental Forecasts – Office
Role (principal consultant with previous firm)
Market and forecast rental assessment advise.

Client
Private developer and investor

Project / Property
Pyrmont, NSW

Zoning / Area
Commercial / 14,887sqm proposed building

Requirement
Independent assessment regarding forecast supply and rental rates and anticipated demand and likely space users in order to support motivation of the project.

Solution
Comprehensive investigation of existing and anticipated supply and demand and likely assessed forecast rental rates.
 
     
 
 

 

Disposal Management – Commercial
Role (principal consultant with previous firm)
Disposal Management and advisor

Client
Private developer

Project / Property
Pyrmont, NSW

Zoning / Area
Mixed use / 1,985sqm NLA plus 600sqm roof top

Requirement
Client faced Forced-sale scenario of an incomplete retail office building due to contractor insolvency.

Solution
Strategic advice to limit the discounting by purchasers of unknown risk by securing local authority consents, identifying potential to add penthouse structure to top level, strata subdivide approach, appointing full range of suitable agents and negotiating sale.

 
     
 
 

 
Space Occupier Advisory and Representation
Role (principal consultant with previous firm)
Lessee Advice and Representation

Client
Global boutique fund manager

Project / Property
Sydney CBD, NSW

Zoning / Area
CBD Commercial

Requirement
To identify and secure various A-Grade office alternatives in the Sydney CBD for a long term lease to accommodate corporate growth.

Solution
Identified a comprehensive range of office alternatives, negotiated competitive rental and innovative structure to allow for early exit to accommodate rapid company growth and relocation to larger premises.
 
     
 
 

 

 
Space Occupier Advisory and Representation
Role (principal consultant with previous firm)
Lessee Advice and Representation

Client
ASX Listed resources company

Project / Property
Chatswood, NSW

Zoning / Area
Commercial

Requirement
To identify and secure various office alternatives on the North Shore for medium term lease to reflect the changed accommodation requirements.

Solution
Negotiated very favourable and flexible terms best suited to the company’s requirements by retaining the existing office space.