Technical Due Diligence and ESG

Napier & Blakeley’s expertise in asset and development advisory provides an integrated approach to achieve the best results for sustainable property outcomes.

Our quantity surveyors, building consultants and engineers can plan and price works associated with improving the ESG performance of a building.

Sustainable investments achieve long-term financial growth where risks and opportunities are identified and managed through environmental, social and corporate governance or ESG.

Technical Due Diligence is a perfect tool to facilitate good property transactions, to initiate asset management and   to achieve investment goals.

Acquisition Examples

We recently assessed an A Grade CBD commercial office property for an investment manager. In addition to the core technical due diligence identification of risks and opportunities, we assessed the building’s performance against NABERS energy, water, waste and indoor air quality. Energy reduction initiatives were then identified in lighting, heating, ventilation, air-conditioning and Building Management Systems (BMS) together with operational cost savings and payback periods.

The functionality of the property was assessed from an occupier’s point of view. From arriving at the property, the accessibility and interaction with other spaces, such as end of trip facilities, lift lobbies and retail tenancies. Architectural concepts and feasibility cost estimates were prepared to improve the building’s attractiveness at street level and to provide better connectivity between the internal functional spaces. Continue reading

Senior Quantity Surveyors – Sydney

Find jobs here resized smallerNapier & Blakeley have been established trusted advisors in the development and property industries for over 32 years nationally and internationally, specialising in quantity surveying, building consultancy, property sustainability and property tax.

Due to our ever increasing work load our Sydney office is currently seeking senior quantity surveyors to join the team.

We offer a wide range of work from new start projects to retrofitting of existing assets, across wide and varied projects.

Key Duties:

Reporting to the QS Manager, this is a great opportunity to develop a professional and challenging career as a senior consulting quantity surveyor, working with Australia’s leading commercial, retail, industrial and residential developers and financiers on property developments projects across NSW and nationally. Continue reading

Tax time is coming – Are you paying too much tax ?

Do you own or have you bought an investment property in the past financial year?

Or…  have you recently refurbished, altered or extended your investment property in the past financial year?Tax time

Or…  do you own an investment property but have never claimed depreciation in the past?

Or… own any property including commercial, retail, industrial, residential, pubs, clubs, sporting – we are experts in them all.

If your answer is yes to any of these questions then you may very well be paying too much tax on your income if you don’t claim your depreciation deductions.

Property tax allowances (commonly known as depreciation) provide an opportunity for owners of income producing property to reduce their taxable income, thus reducing the tax payable.   Continue reading

Intermediate Quantity Surveyor – Melbourne

we're hiringNapier & Blakeley are experts in the industry, with over 32 years experience nationally and internationally, specialising in quantity surveying, property tax, building consulting and property sustainability. Our Melbourne CBD office is currently seeking an intermediate quantity surveyor with 2-5 year’s experience to join the team.

Key Duties:

Reporting to the QS Director, this is a unique opportunity to develop a professional and challenging career as a quantity surveyor, working with commercial, industrial and residential clients and working on property development projects within Victoria.

Only candidates who possess a strong Melbourne based CV will be considered.

The role will see you involved in:

  • Detailed budget and cost plans
  • Contract administration
  • Cost estimates and cost management services
  • Bills of Quantities
  • Financier services
  • Feasibility studies Continue reading

Property Council Australia NSW Capital Markets

Yesterday marked the first of 3 of the 2017 PCA NSW Capital Markets breakfast seminars. Capital Markets 1

Napier & Blakeley have been the main sponsor of these breakfast seminars since 2008 and the 2017 series got off to a flying start with around 150 in attendance in the ballroom at The Establishment.

The series was introduced by Alexandra Gray from Mirvac and Peter Osborn from Napier & Blakeley and the topic of the day was “Australian Capital Market Flows – Both Sides of the Ledger” and the panel speakers were:

  • Neil Brookes, Knight Frank
  • Tim Church, UBS
  • Alexandra Crossing, CBRE Global Investment
  • Jason Todd, MacquarieCapital Markets 2

And the moderator was Ticky Fullerton from Sky Business News.

 

Budget 2017 Depreciation Deductions

House roofsIn the Federal Budget on 9th May, depreciation allowances forming part of an investors income tax deductions for second hand residential investment properties were effectively killed off.

This will apply to the purchase of any second hand properties where the contract to buy is entered into after 7.30pm on 9th May 2017.

Contracts entered into prior to this date will be grandfathered and deductions will still be able to be claimed.

What this means is not entirely clear yet.

Will this mean, for example, that items previously considered to be plant and equipment and therefore deductible under Division 40 of the ITAA could now simply form part of the building and therefore become deductible as part of the building and included under Division 43 Capital Works deductions? Continue reading

Major change to the Commercial Building Disclosure Program is fast approaching on 1st July 2017

shutterstocMelbourne - Australia. 03.08.12Following the announcement made by the Australian Government last year, the mandatory disclosure threshold on commercial office buildings will reduce from 2000 square metres to 1000 square metres starting the 1st July 2017.

From 1st July 2017, this expansion of the CBD program will require most sellers and lessors of office space of 1000 square metres or more to obtain a Building Energy Efficiency Certificate (BEEC) before the building goes on the market for sale, lease or sublease.

BEECs include a Part 1 – the building’s National Australian Built Environment Rating System (NABERS) Energy for offices star rating which is valid for 1 year, and a Part 2 – Tenancy Lighting Assessment (TLA) of the relevant area of the building which is now valid for 5 years (since September 2016).
Continue reading

Developing Property to be Operations Ready

ready to goThe origins of ‘Operations Ready’ go back in time and relate to the military being ready to engage.

Property companies are turning to military like tactics to ensure property developments achieve the best possible performance at completion – and are mission ready for operations.

Whether property companies develop their own property or portfolios, procure by contracting or through  property acquisitions, they tell us of the challenges of navigating handover – through transition from construction to ‘taking ownership’ of the property – and the ongoing management requirements. Continue reading

Capital allowances: draft effective lives of assets used in the wool scouring industry

Happy New Year 2017 and we are off and at again, as to the ATO.  The below is an update the ATO reviewed over Xmas for all our clients in the Wool Industry. These new effective lives will be introduced in July 2017.

If you have any concerns on your properties and have bought, built or demolished in the last 12 months, you may not be maximising the capital allowances deductions with the latest rates.

Please do not hesitate to give us a call and good luck for the year ahead.

They are seeking your comments on the draft list of effective lives we are releasing for assets used in the wool scouring industry.
Comments are open until 24 February 2017. Continue reading

2016 in review and 2017 going forward

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We are already off to a busy start to 2017 with expectations of substantial Real Estate Investment activity in our region over the year ahead.

2016 saw many milestones for us and our independent and trusted advisory services, throughout which we worked on:

  • more than 600 technical due diligence reports for vendors, purchasers and financiers of property or development acquisitions. Our large national team allowing us to deliver more than 12 due diligence projects every week.
  • a significantly increased number of debt rollover re-financing due diligence projects for financiers of existing assets. Continue reading