Project Monitoring With Continued Due Diligence
With the complexity and size of current new developments as well as their varying funding & delivery arrangements, our National Building Consulting team is undertaking an increasing number of Project Monitoring commissions for a variety of clients.
We are seeing a current trend of acquisitions of development property from international investors partnering with local developers – and more lately, from local property companies and superannuation funds. This is coupled with major corporates wanting anchor tenancies in new developments.
Project Monitoring is distinct from both Project Management and Construction Monitoring. Its primary role is to protect the Client’s interests by identifying and advising on the risks associated with acquiring an interest in a development that is not under the client’s direct control.
Strategic Asset Management
Property owners are now emerging from survival mode and searching for opportunities.
One of the first steps is evaluation and gaining a better understanding of their existing portfolios, to make the best of what they’ve got – given constraints on availability of finance. Typically the portfolios are older, B grade and ripe for opportunity.
Strategic Asset Planning provides short, medium and long term views on minimising cost, managing risk and maximising returns through continued due diligence.
There is a positive trend towards this approach starting with understanding baseline data in terms of condition, performance and environmental and regulatory compliance in such a way that is cost effective, meaningful, useable and enduring. It is vital to know what data needs to be collected and how it should be best used and managed for maximum effect. Continue reading
