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

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

2021 was another challenging year where we couldn’t meet as much as we would have liked, however our industry responded and performed well again, demonstrating its quality and resilience.

We would like to thank all of our clients for their continuing faith in Napier & Blakeley to deliver our services on the opportunities you created.

Thank you to our suppliers, our friends in professional services, design, construction, agency, legal, accounting and management for collaborating with us and for spreading the word about our work and the value we bring.

The outlook for the year ahead is good and we look forward to contributing further to our shared economic, liveable, and sustainable future through the built environment and to helping clients to make informed decisions by managing cost – risk – return.

Without our people, none of this would have been possible and we want to thank each and every one of them for all their hard work and dedication over the year.  Especially for again, rising to the challenge of working with so many restrictions in a continually changing landscape – while also helping to keep everyone safe and well.

Instead of Christmas gifts, this year we’ve donated to Lifeline.  Lifeline is a non-profit organisation that provides free, 24-hour telephone and face to face online crisis support services throughout Australia.

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

From everyone at Napier & Blakeley, we hope that you have a great festive season with your friends and families, and we look forward to a prosperous 2022 and to working together with you in the new year.

For 36 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 us at any of our following offices:

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

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

In June 2017, TrustCapital Australia (TCA) engaged Napier & Blakeley to undertake Vendor’s Technical and Environmental Due Diligence relating to their commercial office portfolio.

Within two weeks of instruction we had reviewed all the available documentation, inspected all the properties and provided written feedback on our findings.

We were able to achieve this using our national team of building consultants, services engineers and cost consultants, in conjunction with external environmental consultants from our approved consultants panel.

This early stage reporting provided TCA, and their Facilities Managers, the opportunity to act upon minor items of deferred maintenance and short term future repairs and maintenance needs, to help prepare the properties for sale.

While the repairs were underway Napier & Blakeley completed the final  written reports.

Our reports covered the technical and environmental aspects of the property and risk assessment was facilitated by capital and maintenance forecasts over a ten year period.

Items in our forecasts are categorised by the detailed scope of the instruction along with a probability rating of the likelihood of such events occurring.

Due to the active management of the investment grade properties, our reporting was able to confirm low levels of future capital maintenance requirements, which were below benchmark levels for properties of a similar age and type.

The marketing campaign commenced in July and contracts were exchanged on all five properties (four purchasers) by September.

Being independent from both the sales process and property management provided further value in that Purchasers could take reliance on the reports, free from any conflicts of interest, as if the reports had always been prepared for themselves.

Reliance was extended to Purchasers on three out of the five properties.

Napier & Blakeley

With 32 years in the property, development and advisory business we have an intimate knowledge and understanding of costs and workings across the built environment.

This experience has allowed us to develop a unique data base of costs and condition based capital expenditure forecasts, for benchmarking purposes.

Napier & Blakeley pioneered technical due diligence services in Australia 25 years ago and remain as the market leader for these services today.

We were instrumental in the RICS Best Practice Guidance Note for Technical Due Diligence of Commercial and Industrial Property and also provide support to other industry bodies.

Our capability and resources align with our brand promise of providing commercially oriented advice in a timely manner and in a user friendly format.

Our technical due diligence reporting also provides a detailed working platform to transition into an asset management plan for new owners.

Year to date we’ve completed technical due diligence on properties totalling in excess of $15 billion of transactions covering commercial, retail, logistic, health and hotel property, for both vendors and purchasers who value complete independence.

For further information on our Transaction and Advisory services please contact our team here:

NATIONAL Rob Howells o.  03 9915 6300 m. 0437 649 082 e.  rhowells@napierblakeley.com	PERTH Graham Rigby p.  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	BRISBANE Gavin Peach o.  07 3221 8255 m. 0412 225 781 e.  gpeach@napierblakeley.com

For 32 years and counting 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 o.  02 9299 1899 m. 0419 503 289 e.  awalker@napierblakeley.com	MELBOURNE Craig Smith Director o.  03 9915 6300 m. 0407 371 664 e.  csmith@napierblakeley.com
BRISBANE Paul Mazoletti National Director o.  07 3221 8255 m. 0408 749 202 e.  pmazoletti@napierblakeley.com	SINGAPORE Peter Mitchell Chairman o.  +65 6550 9642 m. +65 9670 9435 e.  pmitchell@napierblakeley.com

Napier & Blakeley’s expertise in asset and development advisory provides an integrated approach to achieve the best results for sustainable property outcomes.

Our quantity surveyors, building consultants and engineers can plan and price works associated with improving the ESG performance of a building.

Sustainable investments achieve long-term financial growth where risks and opportunities are identified and managed through environmental, social and corporate governance or ESG.

Technical Due Diligence is a perfect tool to facilitate good property transactions, to initiate asset management and   to achieve investment goals.

Continue reading …

We are already off to a busy start to 2017 with expectations of substantial Real Estate Investment activity in our region over the year ahead.

2016 saw many milestones for us and our independent and trusted advisory services, throughout which we worked on:

• more than 600 technical due diligence reports for vendors, purchasers and financiers of property or development acquisitions. Our large national team allowing us to deliver more than 12 due diligence projects every week.

• a significantly increased number of debt rollover re-financing due diligence projects for financiers of existing assets.

• more than $1.2 Billion of capital expenditure forecasts and plans for ongoing asset management of clients properties.

•  more than 600 development projects as either cost planner, independent quantity surveyor, superintendent or independent cost certifier for developers or development financiers.

•  project management and project monitoring services for a growing number of local and offshore clients.

•  more than $20 billion of property for insurance reports.

•  over 2,000,000 square metres of property for start and end of lease and make good purposes.

•  hundreds of millions of dollars of tax deductions for clients, for either property acquisitions, refurbishments, capital expenditure or demolition write offs.

… and we relocated to our new office in Brisbane, admittedly only one floor up in the same building, but a bright and new space for our staff.

We look forward to assisting all our clients and hopefully many new ones in 2017 and we wish every success to all over the year ahead.

For 32 years and counting 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
o.   02 9299 1899
m.  0419 503 289
e.   awalker@napierblakeley.com

MELBOURNE
Craig Smith
Director
o.   03 9915 6300
m.  0407 371 664
e.   csmith@napierblakeley.com

BRISBANE
Paul Mazoletti
National Director
o.   07 3221 8255
m.  0408 749 202
e.   pmazoletti@napierblakeley.com

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

2016 was quite an incredible year

It was also another busy year for Napier & Blakeley, with our independent trusted advisory services again being in great demand from both local and offshore clients investing in Australia and SE Asia.

In 2016, we managed client projects across all states and territories of Australia and also in Singapore, Hong Kong, Indonesia, Sri Lanka, Fiji, The Maldives, Guam and New Zealand.

We would like to say a big thank you to all of our clients and send all of you and your families our Season’s Greetings.  We look forward to working with you again and to a successful and prosperous 2017 for all.

Our offices will close at 5pm on Friday 23rd December and reopen on Monday 9th January.

Should you have any urgent business during that time, please contact our Managing Director, Alastair Walker on 0419 503 289 or at awalker@napierblakeley.com.

For 31 years and counting 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
o.   02 9299 1899
m.  0419 503 289
e.   awalker@napierblakeley.com

MELBOURNE
Craig Smith
Director
o.   03 9915 6300
m.  0407 371 664
e.   csmith@napierblakeley.com

BRISBANE
Paul Mazoletti
National Director
o.   07 3221 8255
m.  0408 749 202
e.   pmazoletti@napierblakeley.com

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

Napier & Blakeley Due Diligence Reports are accepted by institutional grade investors – including REITS, super funds, sovereign funds, family offices, financiers and private equity globally.

We’re the market leader in the provision of Technical Due Diligence, demonstrated by the fact we’re involved in about 75% of all significant commercial property transactions to occur in Australia.

The key here is that a Napier & Blakeley Report is acceptable to all parties to a transaction.

Independence, Value, Risk Management and Upside

A Napier & Blakeley Due Diligence Report provides value to investors and their financiers as we are truly independent from the transaction, management or valuation of an asset.

We focus only on those financial matters, short to long term, material to the investment decision. Risk Management is facilitated by the allocation of probability of events occurring against their possible cost implications. This provides for a risk weighted expenditure forecast.

With local and global acceptance, a Napier & Blakeley Report is also a perfect tool for a vendor to manage the preparation of their property and then present it to the property investment world.

Extending beyond Services Engineers, Chartered Building Surveyors, Building Consultants and Energy Efficiency experts, Napier & Blakelely have in house Quantity Surveyors who produce cost estimates, feasibilities and property tax depreciation reporting.

Here are some recent examples of where our reports have helped facilitate the transaction process:

Call us today, if you would like any more information on Technical Due Diligence 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

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

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