Our N&B team

This increased activity has been driven by tenant demand and landlords re-prioritising the human experience, as an incentive for a return to workplaces.  Amongst the works that property owners have delivered are modernised facades and foyers, building facilities, new speculative fitouts, End of Trip facilities and the creation of “third spaces”.

The national housing shortage has also sparked increased activity around converting commercial office properties into residential assets.

Napier & Blakeley have worked on various commercial office revitalisation projects around Australia for clients including AFIAA, AREF, AXA, Juilliard Corporation, NewActon, PGA and W Property.  We’ve included images to illustrate some of the projects involving the enhancement and refurbishment of commercial buildings.

N&B SERVICES

• Current market conditions and pricing;
• Detailed cost planning advice;
• Cost engineering;
• Condition assessments and performance reviews;
• Capital and operational expenditure forecasts;
• Net zero pathway reviews;
• Tax depreciation assessments;
• Schedules of Condition for new leases;
• Make Good Assessments for expiring leases; and
• Insurance Reinstatement Cost Assessments.

The construction market over the past 12 months has again been a challenging one, according to Napier & Blakeley’s latest Construction Costs Datacards, and the firm still expects upward pressure on costs to continue in the short to medium-term.

“However, in regard to the recent significant price increases in some material prices, whilst we believe the worst is over, we still expect some upward pressure on costs to continue, with the market taking some time to assess that the risk and rate of significant future price increases are over or at least reduced,” director Craig Smith said.

Napier & Blakeley’s current cost escalation forecast for the 2024 financial year is 5% to 8% for residential construction, relating to timber framed buildings, and 5% to 7% for commercial construction – excepting Western Australia and Queensland, where it is tipping cost escalation to be in the order of 6% to 8% for residential construction and 7% to 9% for commercial construction.

“The construction market over the past 12 months has again been a challenging one with the market experiencing strong cost increases in the second half 2022. In the first half of 2023, the material cost increases have calmed however they still exist with a premium on labour costs now more of the focus,” Smith added.

Contractors continue to include cost escalation in their tender, the report found. Shipping costs are reducing, while reinforcement and steel prices are steadying, however building services works, brickwork, concrete, precast concrete, precast concrete and plasterboard prices are increasing.

Some sub-contractors are supplying labour-only quotations to contractors, with the contractor therefore required to purchase materials and absorb the risk of the cost increases of materials, while there are general inflationary prices on the cost of labour.

The costs data have been sourced from around 600 projects that Napier & Blakeley advised on last year.

Residential construction

Single Sydney homes up to 250 sqm cost $1,500 to $2,400 per sqm to build, according to Napier & Blakeley’s Construction Costs Datacards, compared to Melbourne and Adelaide’s narrower $1,800 to $2,100 per sqm.

For south east Queensland, the cost is $1,220 to $1,875 per sqm, while in Perth’s it’s $1,725 to $2,050.

A medium-standard two-storey townhouse costs $2,200 to $3,000 per sqm to build in Sydney. In Melbourne it costs $2,100 to $2,525. Adelaide and Perth builds both come in at $2,000 to $2,500 per sqm, and south east Queensland $1,450 to $2,375.

Three-storey apartments built to a medium standard cost $2,350 to $3,250 per sqm, while in Melbourne it will cost between $2,800 and $3,250. South east Queensland builds will cost $2,275 to $3,075 per sqm, just a clip above that in Adelaide, and from $2,650 to $3,125 per sqm in Perth.

Office construction

A-grade 20-storey-plus offices cost $4,800 to $6,300 per sqm to build in Sydney, well above its peers. In south east Queensland it’s $4,100 to $5,400, in Melbourne it’s $3,700 to $4,400, Adelaide is $3,400 to $3,950, while in Perth is can range from $3,875 to $4,740 per sqm.

Medium-grade offices up to 20 storeys range from $3,700 to $4,800 per sqm in Sydney to $3,000 to $3,600 in Adelaide.

Retail construction

Melbourne, Adelaide and Sydney are the most expensive places to construct the shell of a suburban specialty shop, at $1,800 to $2,300 per sqm for Melbourne, $1,700 to $2,100 for Adelaide respectively, and between $1,550 and $2,450 in Sydney. In Perth it’s $1,620 to $2,000, while in south east Queensland it’s $1,325 to $1,825.

A medium-standard suburban enclosed mall in Sydney costs $2,350 to $3,400 per sqm, while Melbourne is $2,500 to $3,000. Adelaide is $2,400 to $2,750, Perth is just a tick under, and south east Queensland is $2,175 to $3,375.

Industrial construction 

To build a medium-standard precast wall warehouse of up to 10 metres high and 3,000 sqm, with no sprinklers, it would cost $1,070 to $1,475 per sqm in Sydney, and $1,050 to $1,350 in Perth. In Melbourne, that would come in at a much lower $825 to $990, while south east Queensland would could show a slightly higher ceiling of $1,075. Adelaide is a shade lower.

Hotel construction

A multi-storey three-star hotel in Sydney, with a restaurant, public areas, and air conditioning, would cost $3,500 to $6,300 per sqm to construct, with price tag of $41,000 to $75,000 to fit out. While multi-storey five-star hotel with the same features would cost $5,400 to $7,600 per sqm to build, a fit-out would range from $70,000 up to $130,000 per sqm.

Download the N&B Construction Costs Datacards sector-by-sector and city-by-city for:

• Sydney;
• Melbourne;
• SEQ;
• Adelaide;
• and Perth.

Building product price inflation easing

 Over the June quarter, the cost of building materials lifted a further 0.6%, representing the smallest quarterly increase since the close of 2020. However, costs are still up 7.4% over the last 12 months.

According to CoreLogic’s Cordell Construction Cost Index, construction costs grew by 0.7% over the quarter, significantly under the decade average of 1.2%, and after the first quarter returned a growth rate of 0.9%. Annually, the Index was up by 8.4%, an improvement on the previous year’s 11.9%.

According to Turner & Townsend’s latest International Construction Market Survey, Sydney has overtaken Perth as the most expensive Australia city to build in, with average costs of US$2,950 per sqm compared to Perth’s US$2,633. Brisbane was third with US$2,561, pipping Melbourne with US$2,540, with Adelaide coming in fifth at US$2,382.

Construction inflation in Australia is expected to remain elevated in 2023 but lower than the previous two years, with average forecasts of 4%.

Published by the Australian Property Journal
23 August 2023

Sydney

Melbourne

South East Queensland

Adelaide

Perth

As has been our annual tradition for the past 24 years, we are proud to publish our construction cost Datacards for July 2023 which reflects our experience of project construction costs observed over the past 12 months and are presented at current day costs.  These costs have been sourced from approximately 600 projects that we advised on last year.

The construction market over the past 12 months has again been a challenging one with the market experiencing strong cost increases in the second half 2022.  In the first half of 2023, the material cost increases have calmed however they still exist with a premium on labour costs now more of the focus.

Some further observations over the past 12 months are noted below:

So what does the next 12 months look like?  We still expect upward pressure on costs to continue in the short to medium term.  However, in regard to the recent significant price increases in some material prices, whilst we believe the worst is over, we still expect some upward pressure on costs to continue, with the market taking some time to assess that the risk and rate of significant future price increases are over or at least reduced.

In summary, our general current cost escalation forecast for the 2023/2024 financial year is 5%-8% for residential construction (relating to timber framed buildings) and 5%-7% for commercial construction excepting Western Australia and Queensland where we are expecting cost escalation to be in the order of 6%-8% for residential construction and 7%-9% for commercial construction.  Of course, this is a general guide only and the project type and location will affect these expectations.

Our Quantity Surveying team is able to provide the following services for your projects:

• Cost Planning, Cost Control & Value Management
• Reporting to the Project Financier (we are accepted by all major lending institutions)
• Bills of Quantities and Contract Administration
• Capital Expenditure Forecasting for Property Owners
• Maintenance Reserve and Capital Replacement Funds Forecasting
• Insurance Replacement Cost Assessments
• Tax Depreciation

Contact us for a datacard hard copy or for any other Napier & Blakeley service.

For further information on our Development Advisory & Quantity Surveying services please contact our team.

MELBOURNE
Rob Howells, Managing Director | 0437 649 082 | rhowells@napierblakeley.com
Peter Frith, Director | 0437 649 082 | pfrith@napierblakeley.com
Craig Smith, Director | 0407 371 664 | csmith@napierblakeley.com
Ian Gardner, Director | 0488 225 569 | igardner@napierblakeley.com
John Atkins, Director | 0456 644 052 | jatkins@napierblakeley.com

SYDNEY
Alastair Walker, Director | 0419 503 289 | awalker@napierblakeley.com
Peter Hammond, Director | 0419 980 901 | phammond@napierblakeley.com
Michael Ross, National Head of Tax | 0403 841 175 | mross@napierblakeley.com
Stephen Cooke, Associate Director | 0409 228 552 | scooke@napierblakeley.com

BRISBANE
Paul Cosker, Director | 0434 400 107 | pcosker@napierblakeley.com
Gavin Peach, Associate Director | 0412 225 781 | gpeach@napierblakeley.com
KY Pih, Associate | 0408 933 660 | kpih@napierblakeley.com

PERTH
Graham Rigby, Associate Director | 0419 847 998 | grigby@napierblakeley.com
Scott Muirden, Director | 0450 393 099 | smuirden@napierblakeley.com

ADELAIDE
Sam Grindley, Senior Associate | 0460 032 142 | sgrindley@napierblakeley.com

Napier & Blakeley played a crucial role in the process, providing important services including Technical Due Diligence to identify risks associated with the acquisition and the cost of ownership, Reinstatement Cost Assessments for insurance purposes, and Tax Depreciation with an aim to optimise returns.

Please join us in congratulating MA Financial Group.

We would also like to acknowledge the exceptional work of our Building Consultants, Engineers and Quantity Surveyors who consistently deliver outstanding services to our valued clients. With our nationwide team of experts located throughout Australia, we can efficiently handle large property portfolios while meeting transaction timelines. Our extensive experience and expertise enable us to support clients seeking exposure to alternative asset sectors, including leisure assets.

Contact us to explore how we can assist you in achieving optimal results for your property investments:

• NATIONAL – Rob Howells – 0437 649 082
• NATIONAL – Coco Williams – 0418 348 712
• MELBOURNE – Steven McCormack MRICS – 0407 892 290
• SYDNEY - Stephen Cooke – 0409 228 552
• BRISBANE - Gavin Peach – 0412 225 781
• PERTH - Graham Rigby - 0419 847 998
• ADELAIDE - Sam Grindley - 0460 032 142

#property #quantitysurveyors #investmentproperties #technicalduediligence

• Development Monitoring to protect the owner’s interests against cost and physical risks;
• Tax Depreciation to maximise returns;
• Furniture, Fitting & Equipment Stocktake to provide independent verification of assets for financing purposes;
• Reinstatement Cost Assessment for insurance purposes.

The development comprises a 5-star Greenstar fully electric multi-tenanted hospital with operator Unitas as the primary tenant.

The 75 bed hospital delivers services including women’s mental health, outpatient day programs, endoscopy, sleep studies, and onsite medical and surgery services.

Further tenancies include radiology, pathology, specialist consulting and a café.

Congratulations to Australian Unity for their commitment to delivering this much needed 5-star Greenstar social infrastructure.

To discuss our service offerings in the healthcare sector further, please contact our healthcare expert:

Richard McOmish
Associate Director
d. 03 9915 6332
e. rmcomish@napierblakeley.com

#property #healthcare #development

According to the latest Napier & Blakeley Construction Costs Datacards, it has been challenging past 12 months for developers, builders, suppliers, sub-contractors alike.

Recently Johnny Woodhouse, State Director Victoria at MaxCap Group discussed in APJ’s Talking Property Podcast about rising construction costs and the impact on rise and fall contracts and traditional funding structures.

“With material costs for timber and steel experiencing general price rises of up to 40% and 50% respectively, with some specific price rises being well above those, all market participants have been struggling to keep ahead of the constant changes, which unfortunately has seen some builders and sub-contractors not survive,” N&B director Craig Smith said.

The latest data follow reports of rising number of building companies collapsing, the most high profile were Probuild and Condev earlier this year. This week Victorian builder Langford Jones Homes went into liquidation owing 250 creditors more than $10 million. It is the fourth building company collapse within the week.

Residential construction costs

N&B Construction Costs Datacards sourced from approximately 600 projects the company advised on last year shows Sydney is the most expensive city for a single home of up 250 sqm, costing between $1,375 and $2,200 per sqm, followed by Melbourne, Perth and Adelaide costing $1,600 to $1,900 per sqm, and South East Queensland $1,120 to $1,730 per sqm.

For high standard multi-storey apartments, Sydney again was the most expensive at $3,700 to $6,000 per sqm; followed by SEQ $3,060 to $4,360 per sqm; Melbourne $3,800 to $4,000 per sqm; Adelaide $3,600 to $4,000 per sqm; Perth $3,100 to $4,000 per sqm.

For high standard two-storey townhouse projects, Sydney cost $2,200 to $3,300 per sqm; Perth and Melbourne $2,200 to $2,800 per sqm; Adelaide $2,000 to $2,750 per sqm and SEQ $2,030 to $2,700 per sqm.

Office construction costs

N&B data shows the cost of a premium grade office of over 20-storey in Sydney was sky high, at $4,800 to $7,000 per sqm; outstripping Melbourne with $3,600 to $4,200 per sqm.

SEQ cost $4,490 to $5,640 per sqm; Perth $3,900 to $5,000 per sqm and Adelaide was $3,350 to $4,000.

Retail construction costs

Sydney and SEQ were the most expensive to deliver a medium standard suburban shopping centre costing $2,150 to $3,100 per sqm and $1,990 to $3,100 per sqm respectively; followed by Perth and Melbourne $2,200 to $2,500 per sqm; and Adelaide $2,000 to $2,350 per sqm.

Industrial construction costs

In the hot industrial market, rising land values and site availability are not the only concerns. Construction for warehouses of over 3,000 sqm has risen as $890 to $1,175 sqm in Sydney; Adelaide was $630 to $800 per sqm; Perth $700 to $880 per sqm; Melbourne $650 to $820 per sqm; and SEQ $750 to $1,040 per sqm.

Hotel construction costs

Meanwhile fitout for 5 star hotel was most expensive in SEQ costing between $82,800 to $120,000 per room whilst construction of a 5-star hotel ranged from $4,720 to $6,020. Sydney costs varied widely with fitout from $65,000 and $118,000 per room and construction starting $4,925 to $6,950 per sqm.

Melbourne, Perth and Adelaide costs were lower, with 5-star fitouts ranging from $60,000 to $80,000 per room and construction ranging from $4,500 to $5,400 per sqm.

Download the N&B Construction Costs Datacards sector-by-sector and city-by-city for Sydney; Melbourne; SEQ; Adelaide; and Perth.

CBRE research director Kate Bailey said price escalations should peak this year and moderate in 2023.

“While a sharp increase in construction costs is putting pressure on Australia’s development pipeline, margins and timelines, most cost escalations have now been built into project pricing, particularly for building materials, and further price increases will be more modest. While supply chain delays will persist, improvements are expected in early 2023 with cost increases from next year onwards to be largely driven by higher wage costs.” Bailey said.

CBRE’s report highlights that Australian price increases have been recorded across all key material and staffing indicators in the past 12 months, with the cost of structural steel increasing the most (+39.5% per tonne) followed by plasterboard (+35.3% per sqm). The cost of labour also spiked, with the average cost of a site foreman increasing by 11.5% per hour.

Perth and Brisbane are expected to experience the greatest year-on-year state construction cost increases in 2022, of 7% and 6% respectively.

Although factors such as global supply chain, recovery from COVID-19, shipping costs, interest rates, inflation, the geopolitical climate and energy crisis, labour shortages will remain in 2023, N&B’s Smith said with regard to the significant price increases in timber and steel, the firm believes the worst is over.

“We still expect some upward pressure on costs to continue in the short to medium term, with the market taking some time to assess that the rate of future price increases of significance are over or at least reduced,” he added.

“In summary, our general current cost escalation forecast for the 2022/2023 financial year is 8-10% for residential type construction (relating to timber framed buildings) and 6-8% for commercial construction. Of course… the project type and location will affect these expectations.” said Smith.

Meanwhile the latest International Construction Market Survey (ICMS) of 88 cities released by Turner & Townsend this week shows Australia has become the fourth most expensive region for construction labour globally, reaching an average of USD$75.5 per hour. Switzerland (USD$118.1) is the most expensive followed by Austria (USD$77.7) and the USA is placed third (USD$77.1).

However ICMS predicts the average construction cost inflation will fall from 8% this year to 5.5% next year – the lowest forecast rate for any global area.

Ranked at 36, Perth has become the most expensive market in Australia to build with an average cost of $2,822 per sqm, followed by Sydney (42) at $2,699 per sqm, Melbourne (44) is $2,666 per sqm, Brisbane (46) sits at $2,620.7 per sqm and Adelaide (50) is priced at $2,454.4 per sqm.

Globally, US cities dominate the rankings. San Francisco has become the most expensive city in the world in which to build with an average cost of $4,729 per sqm. The US accounts for four of the top ten most expensive markets, and nine of the top twenty. Japan and Switzerland also feature prominently. Tokyo ($4,665 per sqm) and Osaka ($4,559 per sqm) place second and third respectively with New York in fourth ($4,517 per sqm). Geneva ($4,332 per sqm) and Zurich ($4,286 per sqm) sit at fifth and sixth.

Turner & Townsend ANZ and Asia managing director Anooj Oodit said all markets in Australia are expected to get warmer over the next 12 months. Brisbane and Perth markets are currently hot, while Sydney, Melbourne and Adelaide are warm. Skills shortages, construction cost inflation and long lead times are some of the biggest challenges facing Australia’s construction market.

Market ‘temperatures’ – which measure pressure on local supply chains based on volume of demand and tendering conditions – also reflect an industry facing tough challenges. 38.6% of markets surveyed were classified as ‘hot’ or ‘overheating’ – where conditions are deemed at risk of acting as a brake on development. This is up from just 10.0% in 2021, while the number of ‘cold’ markets fell from six to only one.

Oodit said material shortages are also lengthening the anticipated project durations and increasing costs.

“A heated local market is exacerbated by strain on tier 1 and tier 2 builders due to COVID-19 and other financial pressures, which has led to less competitive market conditions.

“Rising material costs are postponing some projects as recent tender returns reflect higher steel and concrete prices, challenging the feasibility of both current and projects at the design stage.” Oodit said.

Despite the challenges for the construction industry, MaxCap’s Woodhouse said the rapid emergence of Roberts Co following the collapse of Probuild, shows market fundamentals still stack up.

Written by Nelson Nap
Australian Property Journal
5 July 2022

The construction market over the past 12 months has certainly been a challenging one as developers, builders, suppliers, sub-contractors have all faced the same problem – rising costs and resource shortages.

With material costs for timber and steel experiencing general price rises of up to 40% and 50% respectively, with some specific price rises being well above those, all market participants have been struggling to keep ahead of the constant changes, which unfortunately has seen some builders and sub-contractors not survive.

As has been our annual tradition for the past 23 years, we are proud to publish our construction cost datacards for July 2022 which reflects our experience of project construction costs observed over the past 12 months and are presented at current day costs.  These costs have been sourced from approximately 600 projects that we advised on last year.

So what are we expecting in the near future?  This is a difficult question to answer with factors such as global supply chain issues, COVID-19, shipping costs, interest rates, government responses globally to stimulate economies, inflation, iron ore price volatility, $AUD volatility, general demand and of course the geopolitical climate all affecting the cost of material and labour (and therefore construction costs).

However, in regard to the significant price increases in timber and steel, whilst we believe the worst is over, we still expect some upward pressure on costs to continue in the short to medium term, with the market taking some time to assess that the rate of future price increases of significance are over or at least reduced.

In summary, our general current cost escalation forecast for the 2022/2023 financial year is 8-10% for residential type construction (relating to timber framed buildings) and 6-8% for commercial construction.  Of course, this is a general guide only and the project type and location will affect these expectations.

Therefore, feel free to contact us to discuss your next project as the construction cost market remains fluid at the moment and as we have all seen recently, the world can change a lot in 12 months and as a result construction costs are constantly changing.

Sydney

Melbourne

South East Queensland

Adelaide

Perth

Our Quantity Surveying team is able to provide the following services for your projects:

• Cost Planning, Cost Control & Value Management
• Reporting to the Project Financier (we are accepted by all major lending institutions)
• Bills of Quantities and Contract Administration
• Capital Expenditure Forecasting for Property Owners
• Maintenance Reserve and Capital Replacement Funds Forecasting
• Insurance Replacement Cost Assessments
• Tax Depreciation

Contact us for a datacard hard copy or for any other Napier & Blakeley service.

Do not hesitate to call us to discuss your project.

For further information on our Development Advisory & Quantity Surveying services please contact our team here:

MELBOURNE
Rob Howells, Managing Director |  0437 649 082  |  rhowells@napierblakeley.com
Peter Frith, Director  |  0437 649 082  |  pfrith@napierblakeley.com
Craig Smith, Director |  0407 371 664  |  csmith@napierblakeley.com
Ian Gardner, Associate Director  |  0488 225 569  |  igardner@napierblakeley.com

SYDNEY
Alastair Walker, Director  |  0419 503 289  |  awalker@napierblakeley.com
Peter Hammond, Director  |  0419 980 901  |  phammond@napierblakeley.com
Peter Osborn, Director  |  0439 765 571  |  posborn@napierblakeley.com
Stephen Cooke, Associate Director  |  0409 228 552  |  scooke@napierblakeley.com

BRISBANE
Adam Greene, Associate Director  |  0409 724 395  |  agreene@napierblakeley.com
Paul Cosker, Associate Director  |  0434 400 107  |  pcosker@napierblakeley.com
Gavin Peach, Associate Director  |  0412 225 781  |  gpeach@napierblakeley.com
KY Pih, Associate  |  0408 933 660  |  kpih@napierblakeley.com

PERTH
Graham Rigby, Associate Director  |  0419 847 998  |  grigby@napierblakeley.com 
Jorden Morris, Quantity Surveyor  |  0457 001 545  |  jmorris@napierblakeley.com

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.

Investment advantages

• Typically, industrial & logistics properties are leased to a single tenant who has responsibility for repairs, maintenance and lease expiry make good obligations.
• Relatively low levels of capital expenditure are required during the lease term.
• There are good opportunities for environmental and social governance (ESG) initiatives.  Both new developments and building improvement projects are taking up energy efficient strategies such as photovoltaic solar systems, rainwater harvesting, zero ozone depleting refrigerant choices, high efficiency air conditioning, time and presence controls and metering.

The following projects represent some of our recent capabilities and expertise within the sector, where we have managed Cost, Risk & Return.

	Target Distribution Centre, Foundation Road Truganina VIC Independent Certifier, Development Monitoring & Quantity Surveying – 62,000m2 Client: ESR/CIP & Charter Hall		Toll Mars Distribution Centre, Midwest Logistics Hub, Truganina VIC Independent Certifier, Development Monitoring, Quantity Surveying & Tax Depreciation Assessment – 45,000m2 Client: Charter Hall
	Uniqlo Distribution Warehouse, Midwest Logistics Hub Truganina VIC Independent Certifier, Development Monitoring, Quantity Surveying & Tax Depreciation Assessment – 35,000m2 Client: Charter Hall		Mainfreight Epping, 107 Gateway Boulevard, Epping VIC Quantity Surveying – 45,000m2 Client: Mainfreight
	Drystone Industrial, Estate Truganina VIC Technical Due Diligence – 44,000m2 Client: GPT		Telstra Data Centre, Clayton VIC Acquisition/Divestment Technical Due Diligence - 3.2 hectare site Client: Telstra / Centuria
	Aldi Distribution Centre Portfolio Acquisition/Divestment Technical Due Diligence – 370,000m2 Client: Aldi / Charter Hall Allianz		99 Sandstone Place, Parkinson QLD Technical Due Diligence – 54,000m2 Client: DWS Group GmbH & Co
	338 Bradman Street, Acacia Ridge QLD Technical Due Diligence – 55,000m2 Client: Mapletree		Lot 30, 247-263 Greens Rd Dandenong South VIC Quantity Surveying & Tax Depreciation Assessment – 16,000m2 Client: Logis Property Investments
	Ceva Logistics, Truganina VIC Independent Certifier, Development Monitoring, Quantity Surveying – 36,000m2 Client: Frasers Property		Salta Properties Portfolio, Dandenong South VIC Quantity Surveying & Tax Depreciation Assessments – 4 industrial warehouses 25,000m2 Client: Salta Properties
	.
	7 Dursley Road, Yenora NSW Development Monitoring, Quantity Surveying and Tax Depreciation Assessments - 65,000m2 Client: Fife Capital		9-13 Cool Street, Forestville NSW Development Monitoring and Quantity Surveying - 9,000m2 Client: Trumen Corp Pty Ltd
	8 Narabang Way, Belrose NSW Development Monitoring and Quantity Surveying - 4,000m2 Client: Life Property Group		50 Elwell Close, Beresfield NSW Development Monitoring, Quantity Surveying and Tax Depreciation Assessments - 8,000m2 Client: Hobson Holdings Pty Ltd

Please do not hesitate to call any of the people below to discuss your requirements: 

MELBOURNE
Rob Howells, Managing Director |  0437 649 082  |  rhowells@napierblakeley.com
Craig Smith, Director |  0407 371 664  |  csmith@napierblakeley.com
John Mathew, Director  |  0414 559 326  |  jmathew@napierblakeley.com 
Ian Gardner, Associate Director  |  0488 225 569  |  igardner@napierblakeley.com

SYDNEY
Alastair Walker, Director  |  0419 503 289  |  awalker@napierblakeley.com
Peter Hammond, Director  |  0419 980 901  |  phammond@napierblakeley.com
Peter Osborn, Director  |  0439 765 571  |  posborn@napierblakeley.com
Stephen Cooke, Associate Director  |  0409 228 552  |  scooke@napierblakeley.com

BRISBANE
Adam Greene, Associate Director  |  0409 724 395  |  agreene@napierblakeley.com
Paul Cosker, Associate Director  |  0434 400 107  |  pcosker@napierblakeley.com
Gavin Peach, Associate Director  |  0412 225 781  |  gpeach@napierblakeley.com
KY Pih, Associate  |  0408 933 660  |  kpih@napierblakeley.com

PERTH
Graham Rigby, Associate Director  |  0419 847 998  |  grigby@napierblakeley.com 
Jorden Morris, Quantity Surveyor  |  0457 001 545  |  jmorris@napierblakeley.com

Sydney

Melbourne

South East Queensland

Adelaide

Perth

Our Quantity Surveying team is able to provide the following services for your projects:

• Cost Planning, Cost Control & Value Management
• Reporting to the Project Financier (we are accepted by all major lending institutions)
• Bills of Quantities and Contract Administration
• Capital Expenditure Forecasting for Property Owners
• Maintenance Reserve and Capital Replacement Funds Forecasting
• Insurance Replacement Cost Assessments
• Tax Depreciation

Contact us for a datacard hard copy or for any other Napier & Blakeley service.

Do not hesitate to call us to discuss your project.

For further information on our Development Advisory & Quantity Surveying services please contact our team here:

MELBOURNE
Craig Smith, Director |  0407 371 664  |  csmith@napierblakeley.com
Andrew Stewart, Associate Director  |  0448 099 651  |  astewart@napierblakeley.com

SYDNEY
Peter Hammond, Director  |  0419 980 901  |  phammond@napierblakeley.com
Brian Gavahan, Associate Director  |  0414 620 213  |  bgavahan@napierblakeley.com

BRISBANE
Adam Greene, Associate Director  |  0409 724 395  |  agreene@napierblakeley.com
Paul Cosker, Associate Director  |  0434 400 107  |  pcosker@napierblakeley.com

PERTH
Jorden Morris, Quantity Surveyor  |  0457 001 545  |  jmorris@napierblakeley.com