This process extends beyond just like for like capex forecasting, as we delve much deeper to highlight potential opportunities an asset may have which could enhance future returns.

Sub-regional shopping centres and urban infill projects, as an example, often feature large parcels of underutilised land in areas of growing population. These locations can be ideal for developing new assets such as medical facilities, childcare, education, foodoutlets, retail, and housing.

Assets can be performing well and yielding strong returns, but may also have further development potential presenting further revenue opportunities for the owners.

In addition to evaluating the technical and environmental risks of existing properties, our Technical Due Diligence service also involves investigations such as:

• Verifying legal boundaries and identifying encroachments or easements that may impactfuture development.
• Assessing ground conditions and their effect on structural integrity.
• Structural evaluations to enable design planning
• Evaluating town-planning opportunities and challenges.
• Considering historical and future climate risks to ensure resilience and future-proofing.
• Estimating overall feasibility costs.

This overall approach not only manages acquisition cost and risk, but also highlights future potential returns.

Don’t risk the potential of your future, contact us now:

NATIONAL
Rob Howells, Managing Director | 0437 649 082 | rhowells@napierblakeley.com
Coco Williams, National Head of Client Services | 0418 348 712 | cowilliams@napierblakeley.com

MELBOURNE
Steven McCormack, Senior Associate | 0407 892 290 | smccormack@napierblakeley.com

SYDNEY
Stephen Cooke, Associate Director | 0409 228 552 | scooke@napierblakeley.com

BRISBANE
Gavin Peach, Associate Director | 0412 225 781 | gpeach@napierblakeley.com

PERTH
Graham Rigby, Associate Director | 0419 847 998 | grigby@napierblakeley.com
 
ADELAIDE
Sam Grindley, Associate Director | 0460 032 142 | sgrindley@napierblakeley.com

NEW ZEALAND
Daniel Small, Director | +64 20 493 6595 | dsmall@napierblakeley.com

Regardless of the geographical location of your assets, our team of professionals, strategically positioned across Australia and New Zealand, is adept at managing the due diligence process, from individual assets to extensive property portfolios, always keeping you informed and meeting critical transaction timelines.

Our proficiency extends to identifying material risks, accurately estimating associated costs, preparing Reinstatement Cost Assessments for insurance purposes, executing Tax Depreciation analysis to help optimise returns, and providing Cost Estimates for future refurbishments or redevelopment plans.

Drawing from a wealth of historical data and expertise in diverse property assets, we are well-prepared to navigate complexities and provide benchmarking insights.  Our independence from the transaction process and property management offers a level of impartiality valued by vendors and trusted by purchasers.

These images highlight some recent properties we’ve assessed reinforcing our presence and expertise across the property market.

Choose Napier & Blakeley for responsive and reliable experience in your commercial property endeavours and contact us as below.

NATIONAL
Rob Howells, Managing Director | 0437 649 082 | rhowells@napierblakeley.com
Coco Williams, National Head of Client Services | 0418 348 712 | cowilliams@napierblakeley.com

MELBOURNE
Steven McCormack, Senior Associate | 0407 892 290 | smccormack@napierblakeley.com

SYDNEY
Stephen Cooke, Associate Director | 0409 228 552 | scooke@napierblakeley.com

BRISBANE
Gavin Peach, Associate Director | 0412 225 781 | gpeach@napierblakeley.com

PERTH
Graham Rigby, Associate Director | 0419 847 998 | grigby@napierblakeley.com
 
ADELAIDE
Sam Grindley, Senior Associate | 0460 032 142 | sgrindley@napierblakeley.com

NEW ZEALAND
Daniel Small, Director | +64 20 493 6595 | dsmall@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

Napier & Blakeley

The relocation provides the N&B team better proximity to our clients and to all the amenities and infrastructure that the West End and CDB offer.

We look forward to seeing you there.

Some current and recent projects in Western Australia include:

For 38 years Napier & Blakeley have been providing the following services to the property industry:

• Quantity Surveying
• Development Financiers’ Reporting
• Property Acquisition & Disposal Technical Due Diligence
• Property Development Due Diligence
• Capital Expenditure Forecasting
• Make Good Reporting
• Sustainable Property Solutions
• Development Monitoring
• Property Tax Depreciation

To discuss any of our services, please contact  :

PERTH
Graham Rigby, Associate Director | 0419 847 998 | grigby@napierblakeley.com

One of the benefits of our work is getting to understand the operations of other businesses.

Today, a lolly factory!

View this movie : IMG_4367

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

Did you know

As an example, the Property Council of Australia Guide to Office Building Quality recommends office buildings have Lifecycle Expenditure Forecasts in place as follows:

Over our 35 years in service we have developed extensive experience in the preparation of independent Lifecycle Capital Expenditure Forecasts. We have also amassed technical property and construction cost data which can be used for quick and cost-effective benchmarking.  As part of our service provision we have developed in-house online solutions that generate Lifecycle Capital Expenditure Forecasts from new or existing Asset Registers.

The solution also provides online storage for key documentation such as plans, specifications, operation/maintenance manuals and warranties related to the individual assets or building.  All report data is available for consumption on a client-dedicated website.

If you would like to talk to us further about Lifecycle assessments, or if you have any questions on this topic, please contact us now:

MELBOURNE
Rob Howells, National Director  |  0437 649 082  |  rhowells@napierblakeley.com
Ian Gardner, Associate Director  |  0488 225 569  |  igardner@napierblakeley.com
Coco Williams, Senior Building Consultant  |  0418 348 712  |  cowilliams@napierblakeley.com

SYDNEY
Stephen Cooke, Associate Director  |  0409 228 552  |  scooke@napierblakeley.com

BRISBANE
Gavin Peach, Associate Director  |  0412 225 781  |  gpeach@napierblakeley.com

PERTH
Graham Rigby, Associate Director  |  0419 847 998  |  grigby@napierblakeley.com

Did you know that your building contains a very significant amount of IT and communications infrastructure that needs frequent updating and renewal?

And did you know that there are significant cost implications for building owners associated with the introduction of the 5G network?  

While the capital cost of existing infrastructure has typically been borne by the telecommunications provider, capital works required to make a building “5G ready” will rest with the building owner, who is frequently not aware of the requirements and has not adequately budgeted for them.

To assist in managing and budgeting for these imminent and ultimately unavoidable capital upgrades, we can provide:

• A risk awareness review on IT systems, cyber security etc  for BMS, Fire Detection, Access Control, CCTV, Wi-Fi services, Energy metering;
• A review of existing mobile telecommunications installations to determine required upgrades to enable 5G readiness;
• Advice relating to removal of redundant infrastructure (and where possible provide advice as to who is responsible for this work);
• A lifecycle review to remove, replace and upgrade infrastructure, or alternatively prepare an upgrade pathway for upgrade works over a 3 to 5 year period;
• Preparation of a tax depreciation assessment for the upgrade works.

We have in house engineers who have significant experience in this field.  If you would like further information, or would like us to assess your properties contact Ian Gardner below or anyone else in our Transaction & Asset Advisory team:

NATIONAL Rob Howells National Director o.  03 9915 6300 m. 0437 649 082 e.  rhowells@napierblakeley.com	MELBOURNE Ian Gardner Associate Director o.  03 9915 6300 m. 0488 225 569 e.  igardner@napierblakeley.com
.
BRISBANE Gavin Peach Associate Director o.  07 3221 8255 m. 0412 225 781 e.  gpeach@napierblakeley.com	SYDNEY Stephen Cooke Associate Director o.  02 9299 1899 m. 0409 228 552 e.  scooke@napierblakeley.com

MELBOURNE Coco Williams Senior Building Consultant o.  03 9915 6300 m. 0418 348 712  e.  cowilliams@napierblakeley.com	PERTH Graham Rigby Associate Director o.  03 9915 6300 m. 0419 847 998                         e.  grigby@napierblakeley.com .

That building owners are required to hold copies of all regulatory documentation? 

And did you know that building owners in Victoria must provide regulatory compliance documentation histories for buildings to Building Surveyors within 7 days of request, but these documents have often never been sighted (or have been lost) by building owners and / or their Agents?

While this is a common issue, failure to hold regulatory documentation and poor record keeping typically results in significant non-compliances associated with both ongoing regulatory maintenance and ‘Management in Use’ requirements.  The longer these non-compliances are left unattended, the more expensive they are to fix, and the further non-compliant they become.

If non compliance is linked to injury, then the building owner is seriously exposed to potential criminal investigation.

Now is a good time to catch up on this housekeeping.

To assist in addressing this issue, we provide State / Territory based:

• Desk top reviews of available regulatory documentation;

• Statutory documentation searches through relevant authorities;

• Gap analyses of available documentation and current maintenance and management regimes, together with recommended assessments and / or upgrades with the view to meeting compliance requirements;

• A database document management solution, purpose built for building owners and managers, with simple operational and search functions.

If you would like further information, or would like us to assess your properties, please contact us now:

NATIONAL Rob Howells National Director o.  03 9915 6300 m. 0437 649 082 e.  rhowells@napierblakeley.com	BRISBANE Gavin Peach Associate Director o.  07 3221 8255                        m. 0412 225 781 e.  gpeach@napierblakeley.com

MELBOURNE Ian Gardner Associate Director o.  03 9915 6300 m. 0488 225 569 e.  igardner@napierblakeley.com	SYDNEY Stephen Cooke Associate Director o.  02 9299 1899 m. 0409 228 552 e.  scooke@napierblakeley.com
.
MELBOURNE Coco Williams Senior Building Consultant o.  03 9915 6300 m. 0418 348 712  e.  cowilliams@napierblakeley.com	PERTH Graham Rigby Associate Director o.  03 9915 6300 m. 0419 847 998                         e.  grigby@napierblakeley.com

Did you know that tenant fitouts and other work can significantly impact on the level of performance and compliance of your building? 

Tenancy Fitout Guidelines can be used to streamline and control fitout works ensuring clarity of requirements and expectations for incoming and exiting tenants.

All too often we carry out assessments on properties for owners, or prospective owners, and discover that tenants have installed new or additional fitout works, with limited to no oversight by the building owner and / or their agent.

Examples of recurring problems we find with tenant fitouts:

• They are carried out with assistance of lease incentives; but works are incomplete or defective;
• They compromise the capacity of base building services to provide adequate conditions, serviceability and compliance;
• They compromise adjacent tenancies where services are shared;
• They compromise essential services (fire protection, smoke exhaust, evacuation systems, fire ratings and penetrations);
• They cause changes to essential services that are undocumented, are not commissioned correctly and do not provide the required baseline information for ongoing regulatory maintenance;
• They cause unapproved removal of base building assets;
• They are incorrectly certified, and / or have incomplete permits issued.  This is a particularly prevalent currently in Victoria.

In instances where fitout works are carried out with required permits, there are still many issues that can arise, that could be avoided through the provision and policing of a detailed Fitout Guideline.

We have staff who are experienced in preparing Fitout Guidelines, and associated management and compliance reviews.

If you require further information, or would like assistance in preparing a Fitout Guideline, please contact us now:

NATIONAL Rob Howells National Director o.  03 9915 6300 m. 0437 649 082 e.  rhowells@napierblakeley.com	BRISBANE Gavin Peach Associate Director o.  07 3221 8255 m. 0412 225 781 e.  gpeach@napierblakeley.com
MELBOURNE Ian Gardner Associate Director o.  03 9915 6300 m. 0488 225 569 e.  igardner@napierblakeley.com	SYDNEY Stephen Cooke Associate Director o.  02 9299 1899 m. 0409 228 552  e.  scooke@napierblakeley.com
MELBOURNE Coco Williams Senior Building Consultant o.  03 9915 6300 m. 0418 348 712   e.  cowilliams@napierblakeley.com	PERTH Graham Rigby Associate Director o.  08 6244 1877 m. 0419 847 998 e.  grigby@napierblakeley.com