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

Our Tax team specialises in accurately calculating tax depreciation for fixed assets as well as assessing available write-offs on disposed assets and identifying Division 43 allowances available for ownership reversion when tenants vacate and leave behind an existing fitout.

Napier & Blakeley were the first provider of depreciation schedules and advice in the Australian market in 1985 and remains the leader in this field today.  With our expertise, you can maximise deductions and minimise tax liabilities.  Trust Napier & Blakeley to unlock the full potential of your commercial building investment.

Contact us now for a consultation and start maximising your returns today.

Michael Ross, National Head of Tax | 0403 841 175 | mross@napierblakeley.com

Coco Williams, National Head of Client Services | 0418 348 712 | cowilliams@napierblakeley.com

Are you aiming to enhance the sustainability and efficiency of your building?

NABERS is currently offering grants across various sectors, including apartment buildings, hotels, residential aged care, retirement living, office tenancies, warehouses, and cold stores.

Our experienced assessors can assist you in the application process and subsequently carry out NABERS ratings along with associated improvement plans.

This comprehensive service not only enhances your chances of grant approval but also ensures your asset operates efficiently and sustainably, thereby maximising returns and minimising investment risks.

Grants of up to $4,500 per building (excluding GST) are available for first-time energy and water ratings. The NABERS funding covers consecutive ratings and initial improvement plans, representing approximately 50-60% of the project value over a span of 12-18 months. This opportunity is specifically for Energy and Water Ratings in NSW.

Ready to take a leap towards sustainability and elevate your asset’s performance? N&B possesses the expertise to assist you. Act now, as applications close on June 30, 2024.

For further information, contact:  Ian Gardner  |  0488 225 569  |  igardner@napierblakeley.com 

We take great pleasure in announcing that Michael Ross has become a Director of Napier & Blakeley.

Michael joined Napier & Blakeley in September 2021 and leads our National Tax Depreciation and Insurance advisory business.

Michael is a highly regarded advisor and is the first port of call for clients requiring fixed asset registers and tax depreciation advice for construction, property transactions and capital expenditure projects – and reinstatement cost assessments for insurance purposes.

Michael works closely with Napier & Blakeley’s Quantity Surveying, Building Consulting and Sustainability, Climate & ESG teams with the aim of helping property investors to get the best returns from their property.

Please contact Michael for any assistance or advise relating to Fixed Asset Registers, Tax Depreciation or Insurance valuations.

We take great pleasure in announcing that Graham Rigby has become a Director of Napier & Blakeley.

Graham joined Napier & Blakeley in July 2015 and manages our Building Consulting team in Western Australia.

Graham is a good friend and trusted advisor to local and international property investors, owners, and managers, who require Development Monitoring, Technical Due Diligence, Building Condition, Capital & Maintenance Expenditure Forecasts and lease expiry Make Good advice.

Graham makes regular contributions to the industry through RICS and is instrumental to Napier & Blakeley’s in-house structured training and our Regulated by RICS status.

Graham works closely with our Quantity Surveying, Tax Depreciation & Insurance, Sustainability, Climate & ESG teams to help investors make good informed decisions about the physical risks and opportunities of their property investments and portfolios.

Please contact Graham for any Building Consulting advise in Western Australia.

Relying solely on Consumer Price Index (CPI) changes to form the basis of your building insurance cover could leave you under insured and vulnerable.  Why?

As experienced Quantity Surveyors, Napier & Blakeley stands apart as trusted industry providers. We have appropriate Professional Indemnity insurance to support the provision of advice around Reinstatement Cost Assessments and with nearly four decades of leadership, we offer:

• Real-time cost data from over 500 construction projects annually;
• Expertise in estimating project costs including demolition, professional fees, timelines and cost escalations; and
• Wealth of experience and support from property investors, legal and financial sectors, government agencies, and numerous clients.

Ensure your assets are properly protected. Trust N&B for tailored guidance on insurable values, backed by unparalleled expertise.

Let us help you manage your risks with accurate Reinstatement Cost Assessments.  Contact our team today.

NATIONAL
Rob Howells, Managing Director | 0437 649 082 | rhowells@napierblakeley.com
Craig Smith, National Director of Quantity Surveying | 0407 371 664 |  csmith@napierblakeley.com
Coco Williams, National Head of Client Services | 0418 348 712 | cowilliams@napierblakeley.com
Michael Ross, National Head of Tax | 0403 841 175 | mross@napierblakeley.com

MELBOURNE
John Atkins, Director | 0456 644 052 | jatkins@napierblakeley.com

SYDNEY
Peter Hammond, Director | 0419 980 901 | phammond@napierblakeley.com

BRISBANE
Paul Cosker, Director | 0434 400 107 | pcosker@napierblakeley.com

PERTH
Scott Muirden, Director | 0450 393 099 | smuirden@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

A happy lunar new year and 2024 to all clients,

friends and families of Napier & Blakeley.

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

2023 was another intriguing year in the construction and property markets.

Construction cost escalation reduced on the previous year, the cost of debt stabilised, and there was positive population growth, all good fundamentals for our industry.

Property transactions across all sectors remained lower than normal, however we were still busy providing Technical Due Diligence on many of the major deals; Sheraton Mirage Gold Coast, Fitzroy Island, D’Albora Marina portfolio, the Healthscope portfolio of private hospitals, 555 Collins Street Melbourne and 1 Esplanade Perth, to name but a few.

Our construction and development services were in high demand all year.  We advised on more than 600 projects ranging from $1M to $400M and over $5 Billion in cost.

Clients are the lifeblood of the construction, development and property markets, and as always we thank them for their trust in us as part of their team, creating and improving our shared liveable, economic, and sustainable futures.

Year in, year out, we thank all our N & B people for their continued reliability, dedication, professionalism, innovation and good cheer.

Our community includes our industry friends, suppliers, sub consultants, colleagues and organisations and we look forward to 2024 and to the future achievements we will make together.

In lieu of gifts, we have again donated throughout the year to charitable organisations, such as the Sydney Breast Cancer Foundation, SurfAid, and PIF.

Our last day of business for the year is Friday 22nd December and our first day back is Wednesday 10th January. 

From everyone at Napier & Blakeley, have a great festive season and a successful 2024.

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.