We take great pleasure in announcing that Rachel Brook has returned to Napier & Blakeley to advise clients in Queensland with particular focus on the Sunshine Coast.

Rachel was originally with N&B in Brisbane from 2014 to 2018 and developed her skills across a wide range of our QS services.  Since then, she has travelled through Europe and further developed her quantity surveying and cost consultancy expertise back in the Sunshine Coast with a tier 1 contractor and within property management.

Rachel is based in the Sunshine Coast and her appointment supports the increasing development activity in the region and enhances N&B’s ability to provide our clients with professional services and local knowledge.

For development advice on the Sunshine Coast and Queensland please contact Rachel, Paul or Adam.

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
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
Adam Greene, Associate Director | 0409 724 395 |agreene@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

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

Paul has been with us since 2006 and he is highly regarded by both clients and colleagues alike.

He knows and understands the Queensland development and construction finance markets inside out, and constantly collaborates with our QS teams in NSW, Victoria and Western Australia on National clients’ projects.  Paul has positively contributed to the leadership of our Brisbane office, working closely with our development advisory, transaction & asset advisory, and property depreciation & insurance teams, making him a natural choice for Directorship.

We congratulate Paul and are excited that he will form part of the leadership team striving to continually improve services we provide to our clients and furthering our growth and success.

Paul is a great bloke and a great communicator and mentor, and should you have a moment, please congratulate Paul or contact him for any further information.

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
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
Adam Greene, Associate Director  |  0409 724 395  |  agreene@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

Napier & Blakeley hosted one of forty-two yachts sailing on a course around Green Island and St Helena Island on beautiful Moreton Bay.  “Our” yacht for the day was the stunning Kerumba, a 50 foot racing yacht,  which has successfully completed the Sydney-Hobart and Brisbane-Gladstone races.  

As always, the weather in Queensland was perfect with a cloudless blue sky but unfortunately not enough of a breeze for a boat of our racing pedigree.  The handicapping meant we were last to start, almost 45 minutes after the early starters, and with the help of the fantastic skipper and crew plus the N&B group as strategic ballast, we came in a gallant 5th overall.  As our skipper pointed out, a longer race and we would have been first without a doubt!

The N&B crew comprised of:
•  Katrina Richardson, Paul Cosker – NB
•  James Hood – DMA Partners
•  Jim Kirk – Gallagher
•  Mark Leinen – ANZ
•  Jon Dicks – Aura Group
•  Mark Dunleavy – Audax Partners
•  Rhod Gavin – Tomkins Commercial

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

Paul’s time at N & B has now formally come to an end and we would like to thank him and also acknowledge what a great asset he has been for Napier & Blakeley over that time.

As Paul often put it, he “put his body on the line” for N & B and we can say with total certainty that never a truer word was spoken, and he met a lot of friends and new clients along the way.

Our succession planning nationally is always ongoing, and the handover to our Queensland team has been exactly that for a number of years, and we are sure you have already dealt with many of our senior people in the Brisbane office.

Our Quantity Surveying team leaders are:

PAUL COSKER - Associate Director…	ADAM GREENE – Associate Director

.
Running our Transaction & Asset Advisory   and Due Diligence team is:	And our Property Depreciation and Insurance team is run by:
GAVIN PEACH – Associate Director	KY PIH – Associate

Between these four, there is over 70 years of service with N & B Queensland.

So it’s business as usual and we wish Paul every success and happiness in his future, and testament to him that we have this fantastic team in Brisbane to continue to assist you with your investments and developments going forward.

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

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

MELBOURNE
Peter Frith, Managing Director  |  0418 733 987  |  pfrith@napierblakeley.com
Craig Smith, Director |  0407 371 664  |  csmith@napierblakeley.com
Rob Howells, National Director |  0437 649 082  |  rhowells@napierblakeley.com
John Mathew, Director  |  0414 559 326  |  jmathew@napierblakeley.com 
Ian Gardner, Associate Director  |  0488 225 569  |  igardner@napierblakeley.com

SYDNEY
Alastair Walker,Managing 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
Brian Gavahan, Associate Director  |  0414 620 213  |  bgavahan@napierblakeley.com
Stephen Cooke, Associate Director  |  0409 228 552  |  scooke@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

Our National Quantity Surveying Teams have experience in all sectors of the property market, including Senior Living, Retirement and Aged Care developments.

This sector of the construction market continues to grow and the quality of the design & services offered by the facilities is also increasing. Therefore, the involvement of the Napier & Blakeley Quantity Surveying team during the design & construction phase is critical to deliver desired project budget & construction cashflow outcomes.

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

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

We also thought you might like to hear about some of the projects we’ve recently advised on:

If you would like some benchmarking of your project please access this link and download a copy of our Senior Living, Retirement & Aged Care Consultancy Services Datacard.

Alternatively do not hesitate to call us to discuss your project:

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

There is an appetite for land mark commercial office towers particularly for international investors and more recently, local organisations. Internationals are also entering into joint venture agreements with local groups for the both existing assets and for ‘fund through’ developments.

These large and more complex transactions together with changes in the global investment environment have seen expansion of the technical due diligence scope.

Investors increasingly see value in environmental social governance, and technical due diligence is now used to assess sustainability performance, climate related risk and the subject building’s resilience to climate events.

The adaptability of the buildings is important in terms of future occupation densities, work place practices, wellbeing and the communications and information technologies required for occupation and for appropriate facilities management.

Napier & Blakeley is proud to be at the forefront of such service advancement and to facilitate transactions for our clients through due diligence.

The Napier’s way:

Independence - being independent from the transaction process our reporting is accepted by all parties and stakeholders.

Responsiveness and Commerciality – our national team mobilises and responds quickly and reports progressively on the things that actually matter.

Knowledgeable - the breadth and depth of our technical expertise together with our cost consultancy and tax depreciation advisory helps to translate the physical risks and opportunities to financial assessment, feasibility studies and cash flow analysis.

Connected – beyond our national team we have strong relationships with industry, including specialist sub consultants who are leaders in their field.

Adding Value - beyond the transaction process we add further value with asset and facilities advisory, aligning the performance of the property with the aims of the fund manager, asset manager and facilities manager.

With existing buildings this can include compliance management, improvement plans and NABERS and carbon neutral roadmaps. With new developments this can include consideration of facility management requirements at the design stage to reduce future maintenance costs and optimise lifecycle costing; independent certification during construction and handover management.

Some of our recent experience includes the following transactions:

Please contact any of the people below for further  assistance :

For 34 years Napier & Blakeley have been providing the following services to the property industry:

• Property Acquisition & Disposal Technical Due Diligence
• Property Development Due Diligence
• Quantity Surveying
• Capital Expenditure Forecasting
• Make Good Reporting
• Energy Management
• Development Monitoring
• Property Tax Depreciation

Please contact any of the people below for more information or assistance:

 SYDNEY

MELBOURNE

BRISBANE

 PERTH

ADELAIDE

The policy has immediate effect with a target to achieve full compliance by June 2020.

The GREP targets broad range of areas to drive resource efficiency in NSW Government agencies in the four main areas of energy, water, waste and air emission including:

• Reporting resource consumption and waste
• Targeted energy savings
• Mandating minimum NABERS ratings for energy and water
• Minimum standards for electrical and water using appliances and equipment
• Minimum standards for new buildings and fitouts
• Solar targets
• Minimum fuel efficiency vehicle standards
• Purchase of GreenPower
• Emissions standards for fixed plant and equipment
• Low VOC materials

You can access the full policy here. Similar requirements are in place for most States and the Australian Government.

Napier & Blakeley can assist with:

• NABERS improvement plans (including energy efficiency assessments and CAPEX plans)
• Accredited NABERS Independent Energy Design Review for Commitment ratings
• NABERS and CBD Assessments
• Building control and operational tuning
• Independent Measurement and Validation services (Certified Measurement and Verification professional), Including for EUA, ESCO and ESPC agreements
• General Sustainability advisory services (NABERS, Green Star, WELL, GRESB)
• Condition and Lifecycle reviews
• Asset and Facility Management advisory services

For any further information on this please contact:

IAN GARDNER Associate Director m.  0488 225 569 e.   igardner@napierblakeley.com

.

.

For 34 years Napier & Blakeley have been providing the following services to the property industry:

• Property Acquisition & Disposal Technical Due Diligence
• Property Development Due Diligence
• Quantity Surveying
• Capital Expenditure Forecasting
• Make Good Reporting
• Energy Management
• Development Monitoring
• Property Tax Depreciation

Please contact any of the people below for more information or assistance:

SYDNEY

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

MELBOURNE

	Craig Smith Director m. 0407 371 664 e.  csmith@napierblakeley.com		Rob Howells National Director m. 0437 649 082 e.  rhowells@napierblakeley.com
	John Mathew Director m. 0414 559 326 e.  jmathew@napierblakeley.com		Ian Gardner Associate Director                            m. 0488 225 569 e.  igardner@napierblakeley.com
	Richard McOmish Associate Director m. 0409 478 460 e.  rmcomish@napierblakeley.com

BRISBANE

	Paul Mazoletti National Director m. 0408 749 202 e.  pmazoletti@napierblakeley.com		Gavin Peach Associate Director                             m. 0412 225 781 e.  gpeach@napierblakeley.com
	Adam Greene Associate Director m. 0409 724 395 e.  agreene@napierblakeley.com		Paul Cosker Associate Director m. 0434 400 107 e.  pcosker@napierblakeley.com

PERTH

	Graham Rigby Associate Director m. 0419 847 998 e.  grigby@napierblakeley.com		Nick Taylor Senior Associate                         m. 0418 337 225 e.  ntaylor@napierblakeley.com

ADELAIDE

John Mathew Director                                                                                             m. 0414 559 326 e.  jmathew@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 m. 0407 371 664 e.  csmith@napierblakeley.com		SYDNEY Peter Hammond Director m. 0419 980 901 e.  phammond@napierblakeley.com
	BRISBANE Adam Greene Associate Director m. 0409 724 395 e.  agreene@napierblakeley.com		SYDNEY Brian Gavahan Associate Director m. 0414 620 213 e.  bgavahan@napierblakeley.com
	BRISBANE Paul Cosker Associate Director m. 0434 400 107 e.  pcosker@napierblakeley.com		PERTH Nick Taylor Senior Associate m. 0418 337 225 e.  ntaylor@napierblakeley.com

For 34 years Napier & Blakeley have been providing the following services to the property industry:

• Property Acquisition & Disposal Technical Due Diligence
• Property Development Due Diligence
• Quantity Surveying
• Capital Expenditure Forecasting
• Make Good Reporting
• Energy Management
• Development Monitoring
• Property Tax Depreciation

Please contact any of the people below for more information or assistance:

SYDNEY

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

MELBOURNE

	Craig Smith Director m. 0407 371 664 e.  csmith@napierblakeley.com		Rob Howells National Director m. 0437 649 082 e.  rhowells@napierblakeley.com
	John Mathew Director m. 0414 559 326 e.  jmathew@napierblakeley.com		Ian Gardner Associate Director m. 0488 225 569 e.  igardner@napierblakeley.com
	Richard McOmish Associate Director m. 0409 478 460 e.  rmcomish@napierblakeley.com

BRISBANE

	Paul Mazoletti National Director m. 0408 749 202 e.  pmazoletti@napierblakeley.com		Gavin Peach Associate Director m. 0412 225 781 e.  gpeach@napierblakeley.com
	Adam Greene Associate Director m. 0409 724 395 e.  agreene@napierblakeley.com		Paul Cosker Associate Director m. 0434 400 107 e.  pcosker@napierblakeley.com

PERTH

	Graham Rigby Associate Director m. 0419 847 998 e.  grigby@napierblakeley.com		Nick Taylor Senior Associate m. 0418 337 225 e.  ntaylor@napierblakeley.com

ADELAIDE

John Mathew Director m. 0414 559 326 e.  jmathew@napierblakeley.com

.