Peter Mitchell

2017 in review and 2018 going forward

Year of the Dog image for client email

A happy 2018 and a happy Chinese New Year to all our clients and friends of Napier & Blakeley

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

Season’s Greetings from Napier & Blakeley

Santa Hat in wind - reduced2017 was another significant year in property, the highlight of which was pricing within the commercial office sector which produced some record yields in Australia.

It was also another busy year for Napier & Blakeley, with our independent trusted advisory services again being in great demand from both local and offshore clients investing in Australia and SE Asia across the property, development and sustainability industries.

In 2017, we again managed client projects across all states and territories of Australia and also an increasing number of projects across the Asia Pacific region.

We would like to say a big thank you to all of our clients and send all of you and your families our Season’s Greetings.  We look forward to working with you again and to a successful and prosperous 2018 for all.

Our offices will close at 5pm on Friday 22nd December and reopen on Monday 8th January.

Should you have any urgent business during that time, please contact Peter Frith on +61 418 733 987 or on Continue reading

TrustCapital Australia put their trust in Napier & Blakeley

2 properties joinedIn June 2017, TrustCapital Australia (TCA) engaged Napier & Blakeley to undertake Vendor’s Technical and Environmental Due Diligence relating to their commercial office portfolio.

Within two weeks of instruction we had reviewed all the available documentation, inspected all the properties and provided written feedback on our findings.

We were able to achieve this using our national team of building consultants, services engineers and cost consultants, in conjunction with external environmental consultants from our approved consultants panel.

This early stage reporting provided TCA, and their Facilities Managers, the opportunity to act upon minor items of deferred maintenance and short term future repairs and maintenance needs, to help prepare the properties for sale.

While the repairs were underway Napier & Blakeley completed the final  written reports.

Our reports covered the technical and environmental aspects of the property and risk assessment was facilitated by capital and maintenance forecasts over a ten year period.

Items in our forecasts are categorised by the detailed scope of the instruction along with a probability rating of the likelihood of such events occurring. Continue reading

Building Developers and Owners are Being Sandwiched

3 joined up claddingCosts, Risks and Returns are being impacted by uncertainty around the future acceptability of Aluminium Composite Cladding Panels (ACP).

Since the Lacrosse Apartment building fire in 2014 and the tragic Grenfell Tower fire of 2017, there are still more questions relating to the use of flammable ACP than answers.

Industry, governing bodies, financiers, building owners and occupiers, are yet to really understand their options.

  • Will the import and use of flammable ACP in Australia be banned? – one of the suggestions made by the Senate’s interim enquiry report.
  • Will the National Construction Code and Building Regulations be revised to require increased fire safety around the use of ACP? – as suggested by the current draft amendment out for public comment.
  • Will the ‘grey area’ of whether the ACP is an attachment or part of an external wall be confirmed?
  • Will Government required audits lead to large scale removal of flammable ACP and replacement with compliant materials?
  • Will insurers carve out flammable ACP from insurance policies?  Will premiums increase?
  • Is the reputation of ACP tarnished so much so that developers and architects turn their back on the material – as recently reported by Uniting Communities with their U City development in Adelaide? Continue reading

Opportunity the investment conundrum

Alastair Walker Backgroundv2-editedWhile Australia’s property market remains a safe haven, limited stock is a significant obstacle for overseas investors, says Napier & Blakeley’s managing director Alastair Walker.

“There is still a substantial amount of investment funds under management looking for a home – and the volatility in other markets serves as a reminder that Australia remains a safe haven,” says Walker (pictured), who oversees the independent property, development and sustainability consultancy.

The latest investment intentions survey from the Asian Association for Investors in Non-listed Real Estate Vehicles (ANREV) reports around AU$82.4 billion is expected to be poured into property in 2016, with the top three investment destinations in the regions of Tokyo, Sydney and Melbourne. Continue reading

Mitchell appointed Napier & Blakeley International Chairman

Peter_Mitchell - reducedHIGHLY regarded property executive Peter Mitchell has been appointed non-executive chairman of Napier & Blakeley International.

Napier & Blakeley managing director Alastair Walker said the appointment is part of the group’s continued expansion into Asia.

“Peter brings to N&B a huge array of skills and contacts and as a lawyer has worked in due diligence throughout Asia in the past. His understanding of the Asian property market is second to none.

“He also has extensive networks in all major Asian economies and a deep understanding of their cultures and business practices,” he added.

Walker said Napier & Blakeley has worked for Singaporean clients for over two decades and have actively been involved in the region for almost 10 years.

“We have provided technical due diligence for around 75% of all international property investors coming into Australia, and formalising Peter’s involvement via his chairmanship will strengthen the links to these and other international investors and facilitate the development of greater capability to provide TDD services to them, as well as outbound Australian clients within Asia itself, pushing to Europe,” Walker continued.

Mitchell was most recently CEO of APREA in Singapore, having developed the association from a small 40-member body to almost 200 members globally. Continue reading