Paul Cosker

Napier & Blakeley supports The Property Industry Foundation in the Brisbane Charity Sailing Cup

PIF Regatta Bris 1PIF Regatta Bris 2The Property Industry Foundation in Queensland held its 2021 Charity Regatta at the Royal Queensland Yacht Squadron in Manly on Friday 14 May 2021.  This year, as every year, all funds raised go to homeless young Australians needing a helping hand. The money raised from the day will support the PIF House Program to build homes for homeless youth.

Napier & Blakeley hosted one of forty-two yachts sailing on a course around Green Island and St Helena Island on beautiful Moreton Bay.  “Our” yacht for the day was the stunning Kerumba, a 50 foot racing yacht,  which has successfully completed the Sydney-Hobart and Brisbane-Gladstone races.   Continue reading

Property Sector Spotlight : Industrial & Logistics

The industrial & logistics property sector became the hot favourite in 2020, outperforming all other property types. 

The rise of e-commerce has driven major brands to expand their footprint and therefore leasing activity.  Vacancy rates are at all-time lows and major development work is underway to meet demand.  Several AREITS are continuing their growth in this asset class and Transaction volumes were up to $3.5 billion in 2020, from $2.3 billion in 2019 – as recently reported.

So, what makes the sector tick?  Here are some attributes and advantages of the sector from our perspective.

Construction and development advantages

  • Over time construction costs in the sector have been less susceptible to escalation than other asset types.  This stability provides greater confidence to Developers when planning their next project.
  • The speed of construction enables Developers to receive a return on their investment earlier than most other forms of development.
  • Tried and tested construction techniques in the sector generally lead to less variations than other forms of construction.
  • There are also tax depreciation benefits available to developers / investors upon project completion. Continue reading