First Half 2018 Transaction Advisory Snapshot – Charter Sydney

In addition to various portfolio review, highest & best use assessment, valuation, investment and development strategy engagements, Charter Sydney has finalised a number of freehold and leasehold transaction advisory engagements in the first half of 2018; a selection of which we have summarised below.

Epping, NSW
“Highly complex transaction involving multiple stakeholders and Development Agreements which will result in the delivery of a multi generational community in the heart of Epping.”

Transaction: Joint Venture
Property: 200 retirement living apartments, 132 aged care units, new primary school, community hall, offices and residences.
Value (approx.): Confidential.

Metro Sydney, NSW 
“Significant off-market acquisition which upon completion will comprise large floorplate flexible office accommodation, providing a strategic foothold in a supply constrained market.”

Transaction: Acquisition
Property: Commercial Office
Value (approx.): $80 million

Haymarket, NSW 
“Multiple leases renegotiated and value add strategies successfully implemented resulting in an unconditional sale price 100% higher than off-market offers and 175% higher than book value, within 2 weeks from initial EOI close.”

Transaction: Divestment
Property: 8,750 sq.m. office building with redevelopment potential.
Value (approx.): $146 million

North Sydney, NSW  
“Property identification, due diligence and leasehold acquisition for large global occupier seeking to strengthen its brand presence in NSW.”Transaction: Leasehold Acquisition
Property: Commercial Office
Value (approx.): $2.2 million p.a.

Sydney CBD, NSW 
“Development of corporate real estate and workplace strategy for a prestigious mid-sized law firm with the long term view of maximising cost savings, productivity, performance and efficiency in a future accommodation solution.”

Transaction: Leasehold Acquisition
Property: Commercial Office
Value (approx.): TBC

For more information on how we can help support your property strategy, or for a market briefing, please contact one of our team, or click here to sign up for our News and Insights mailing list.