With a market leading brand, now in our 31st year of business, we have a unique reputation of gaining a deep understanding of our client’s business and industry so that project needs and outcomes can be strategically aligned to business plan objectives and to demonstrate return on investment.

Our project advisory services are provided by industry leading experts and from a multidisciplinary perspective extending beyond project advisors, development managers, building consultants, services engineers and energy efficiency specialists through to quantity surveyors who provide cost certainty and tax depreciation specialists who ensure projects benefit from a cash flow perspective.

Our Project Advisory services include:

• Project Due Diligence
• Project Monitoring
• Project Management
• Programme Management
• Superintendency
• Strategic Planning & Procurement
• Building Improvement & Refurbishment
• Property Re-Positioning and Change of Use

Below are some recent projects we’ve advised on:

99 Mount Street, North Sydney NSW
Client : Ho Group
Project Management of complete strip out and refurbishment of 9 levels of commercial office as part of an overall building improvement and repositioning program ($15m).

RACV City Club – 501 Burke Street, Melbourne VIC
Client : RACV
Project Management of the conversion of an office level into 24 room 6 star accommodation and the development of a new pavilion function room. ($13.6m).

Norman Hotel – 102 Ipswich Road, Woolloongabba QLD
Client : Tabet Investment Group
Project Management of the roof replacement and façade repairs for the heritage listed Hotel ($0.5m).

Valley Private Hospital – Police Road, Mulgrave VIC
Client : Australian Unity
Project Monitoring of Tenant led Stage 1 (2011 $18m), Stage 2 (2014 $13m) and current Stage 3 ($85m) hospital expansion works.

Townsville Private Hospital – 136 Wills Street, Townsville QLD
Client : Australian Unity
Project Monitoring of Tenant led conversion of a 4 storey office building to a 60 bed and support areas mental health hospital ($6m).

Corrimal Medical Centre – 48 Underwood Street, Corrimal NSW
Client : Australian Unity
Project Monitoring of Tenant led Greenfield development of medical centre ($10m).

Hurstville Private Hospital – 48 Underwood Street, Corrimal NSW
Client : Vital
Project due diligence providing an independent assessment of whether documented works met business case objectives and the identification of delivery risks.

Oxford & Peel Collingwood – Oxford Street, Collingwood VIC
Client : Small Giants
Superintendent for the 6 level 51 apartment complex ($12m).

High & Spring – 1271 High Street, Malvern VIC
Client : Moda Corp
Superintendent for the 6 level 26 apartment complex ($11.5m).

Summerhill Shopping Centre – 850 Plenty Road, Reservoir VIC
Client : LaSalle / Union Investment
Loading dock and waste management review.

DTF Owned Property Portfolio 5 Year Strategic Plan
Client : Department of Treasury & Finance
Preparation of a 5 year strategic capital expenditure plan to meet targeted business needs and annual budgets.

Highvale Manor – 42 Capital Avenue, Glen Waverley, VIC
Client : Lend Lease
Feasibility study for the BCA upgrade and classification change for conversion of independent living facility into aged care.

Call us today, if you would like any more information on Project Advisory and one of our experts below will be able to assist you:

NATIONAL / MELBOURNE
Rob Howells
o.  03 9915 6327
m. 0437 649 082
e.  rhowells@napierblakeley.com

MELBOURNE
Richard McOmish
o.  03 9915 6332
m. 0409 478 460
e.  rmcomish@napierblakeley.com

BRISBANE
Gavin Peach
o.  07 3815 0449
m. 0412 225 781
e.  gpeach@napierblakeley.com

PERTH
Graham Rigby
o.  08 9489 4895
m. 0419 847 998
e.  grigby@napierblakeley.com

SYDNEY
Simon Gould
o.  02 8113 7112
m. 0409 228 552
e.  sgould@napierblakeley.com

For 30 years and counting Napier & Blakeley have been providing the following services to the property industry:

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

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.

While we are traditionally engaged by an entity which enters into a commitment to lease or purchase a property upon completion, other entities (ie financial institutions, grant funders or end users) are seeing the benefits of our monitoring services which usually extend to independent, impartial & concise advice on the following:

• land & property acquisition matters
• statutory consents
• competency of the developer, its team and any project management systems
• financial appraisals
• development, finance, consultancy and construction agreements
• construction costs and programmes and
• design and construction quality

Our role is usually completed in two parts. Firstly, we would undertake an appraisal/audit of the project to identify those risks which would be relevant to our client and to report on these in an Initial Audit Report. Thereafter we traditionally monitor progress during the development process to ensure the developer’s duties under any agreements are discharged in a compliant & timely manner. We typically issue a monthly monitoring report which comments on all relevant commercial issues and contains a photographic illustration of physical progress.

New commercial office developments are typically marketed to achieve 6 Star Green Star and 5 star NABERS ratings. As NABERS is a performance based rating system the industry is, to a certain extent, still going through a learning curve in how to deal with the risks associated with acquiring property with an obligation for a particular rating which can’t be realised until perhaps two years after completion.

Our auditing and monitoring has identified risk weighted shortfalls or deficiencies in the process and procedures for modelling initial energy efficiency and tracking such against the design and construct process.

We’re also finding that typical agreement for lease specifications and performance requirements haven’t yet caught up with the green nature of the new developments. For example, traditional air conditioning design parameters provide for a comparatively low internal temperature range for a green building with low energy consumption targets. Where this is not checked and addressed the new owner may face the challenge of rising energy consumption and green ratings risks to avoid non lease performance and rent abatement.

Further, we too often find shortfalls or lack of procedures around operational readiness, adequate commissioning, handover and training of the building management staff. The sophisticated building management systems and green lease reporting requirements require well trained building managers.

As we tend to be more proactive than reactive in our role, we act as an early warning system for our client by anticipating potential issues and, by providing timely & accurate advice, we value add to the process by facilitating improvement in our client’s decision making competency.

Contact

Please contact us for our Project Management data card.

Our strategic, cost effective advice will best position your property for the future.

Call Napier & Blakeley today if you want further information or regarding any other Napier & Blakeley service.