TrustCapital Australia put their trust in Napier & Blakeley
In 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
Costs, 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
