Transaction & Asset Advisory

Napier & Blakeley bolsters its Transaction Advisory team

Nicolas Paul

NAPIER & Blakeley has strengthened its transaction advisory team with two appointments.

Paul Pegram has been appointed senior building consultant and Nicolas Mules as building consultant.

Both bring international experience and have relocated from New Zealand, they will be based in Napier & Blakeley’s Sydney office.

Pegram qualified as an RICS Chartered Building Surveyor in 2010 and is experienced in technical due diligence, defects analysis, capital expenditure planning and project management.

Mules has a background in regulatory compliance and building consulting. He is currently studying at Masters level and is also working towards full RICS membership.

“Paul and Nic are both originally from the UK and have international expertise providing asset advisory services to property and development clients,” national director Rob Howells said.

“They both strengthen our capability to serve clients locally as well as clients with trans-tasman interests and property portfolios,” Howells said.

The two additions follow the appointment of Andy Brunn to Napier & Blakeley’s Western Australian team last month.

Brunn brings over 14 years of top tier international quantity surveying experience. He moved to Perth from the United Arab Emirates five years ago.

Australia Property Journal
1 August 2017

Lease Make Good – Pre Nup

4 photos joinedHeadaches and protracted negotiations at lease expiry could be avoided by well drafted Make Good clauses and thought out strategies prior to lease commencement.

Building owners and tenants can be poles apart in their understanding and interpretation of repair, maintenance and other make good related clauses. This in turn can lead to significant unforeseen costs, disputes and delayed income. 

Attention to the lease definitions and obligations together with some good asset management strategies can help to avoid such situations. 

Your lease and make good check list in this regard could include some thought around the following:


  • What are the physical elements and spaces under the obligation of each party?

Commencement Date

  • Does the obligation for repair, maintenance and make good extend to any previous terms of occupation perhaps under an earlier lease or option? 

Condition as at Commencement

  • If the tenant is expected to return the property back to a condition ‘as at commencement’ – can anyone recall what this looked and felt like?
  • Is it well defined and recorded in a schedule of condition with plans and photographs?  Continue reading

Technical Due Diligence

Our Transaction & Asset Advisory professionals cover the core disciplines involved in the physical analysis of cost, risk and return of property acquisition, ownership and disposal.

We align our clients’ thoughts with our own and provide user friendly, accurate, meaningful and timely advice that is oriented to the commercial imperatives that actually matter.

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Napier & Blakeley Construction Datacards

Napier & Blakeley have provided cost advice to all sectors of the construction industry for 28 years and are pleased to provide our updated Construction Costs Datacards:

Sydney Construction Cost Datacard July 2013

Melbourne Construction Cost Datacard July 2013

South East Queensland Construction Cost Datacard July 2013

Adelaide Construction Cost Datacard July 2013

Please contact us for a hard copy or for any other Napier & Blakeley service at any of our offices below: Continue reading

Taking the ‘Sting out of the Tail’ at Lease Expiry

Disruption, potential unplanned costs and conflict at the end of a lease due to make good obligations can sour what has been a solid commercial relationship between landlord and tenant. This can complicate the tenant’s move or the re-letting of the premises. The pressures of a poorly set up lease in terms of documentation, understanding of the consequences of the relevant clauses from a technical perspective and agreement as to the condition at occupation, or of future alterations, are self evident for both parties.  

Properly qualified building consultants should be actively utilised in such processes due to their knowledge and understanding of leasing and legal aspects combined with their expertise in building conditioning and rectification. The proactive stance is to bring all parties together prior to the signing of the lease to agree not only the terms of occupation, lease and physical condition but also to the process at lease expiry.  

If this process has not been followed, the building consultant plays a key role in interpreting the relevant lease clauses and evaluating the property’s condition so to effectively define the make good obligations, the cost and the best method of rectification. Continue reading

Property Reinstatement Cost Assessments – Are your property assets correctly insured ?

Construction costs are subject to constant change, so if you are insured are you confident that you are not either under or over insured in a changing cost market?

Quantity Surveyors are the only construction cost trained professionals that can make sure your assets have the appropriate insurance replacement cost cover.

A Quantity Surveyors purpose is to predict and manage construction costs. They are specifically trained to do so and they don’t value, they don’t build, they don’t design, they don’t buy and sell property. They are independent and professional consultants.

So here’s a quick list of Property Reinstatement Cost Assessments do’s and don’ts : Continue reading

Benchmark Data to ‘Make good’ Informed Decisions

Are you a corporate occupier or property portfolio owner faced with budgeting ‘make good’ costs and financial reporting compliance?

Napier & Blakeley have assessed, negotiated and managed ‘make good’ costs for many years, including benchmark data to help inform future strategy.

To manage large portfolios, property and lease profiles are reviewed and sampled to quickly determine ‘make good’ obligations and the cost for returning the property to the required condition.

Costs and square metre rates from the sample are risk adjusted against Napier & Blakeley’s independent bench mark data and applied to the leased portfolio. Continue reading


The End of Financial Year has come and gone and the 31st October is lodgement day.  So there is less than 2 weeks to get your Depreciation Schedules in place. 

We can assist you, guarantee you get maximum deductions and also be fully compliant with the A.T.O. as we are Registered Tax Practitioners.

Napier & Blakeley, the first Property Depreciation Company and still the best – just ask your Accountant.



Call Napier & Blakeley today for assistance with your Tax Depreciation Schedule or any other Napier & Blakeley services at any of our offices below: Continue reading