Trends in Transactions and Technical Due Diligence
FY 2018 / 2019 has seen a large number of major property transactions close as global capital continues to see value in Australia. This trend looks set to continue for the year ahead.
There is an appetite for land mark commercial office towers particularly for international investors and more recently, local organisations. Internationals are also entering into joint venture agreements with local groups for the both existing assets and for ‘fund through’ developments.
These large and more complex transactions together with changes in the global investment environment have seen expansion of the technical due diligence scope.
Investors increasingly see value in environmental social governance, and technical due diligence is now used to assess sustainability performance, climate related risk and the subject building’s resilience to climate events.
The adaptability of the buildings is important in terms of future occupation densities, work place practices, wellbeing and the communications and information technologies required for occupation and for appropriate facilities management.
Napier & Blakeley is proud to be at the forefront of such service advancement and to facilitate transactions for our clients through due diligence. Continue reading
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
