Orica engaged Charter to assist with the rezoning of 70 hectares of the site. Specifically Charter delivered:

• Economic benefits assessment in support of the Planning Scheme Amendment;
• General advisory as to possible future uses that could be economically sustained on the site;
• Analysis as to remaining industrial land at Deer Park and context in Melbourne’s Western Suburbs industrial land supply; and,
• Participation as a key adviser to Orica in the Amendment process and future planning for the site.

BENEFITS TO ORICA

The successful re-zoning of Deer Park was a key milestone for Orica in achieving its vision of remediating and integrating the site back into the City of Brimbank’s economy.

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The post A 146 hectare masterplan & divestment strategy for Orica appeared first on Charter.

The site of circa 16.46 hectares with a 279 metre frontage to the Yarra River and located only 7 kilometres from the Melbourne CBD has a development value “upon completion” of some $1 billion.

The vision for the site is to create a sustainable, masterplanned, mixed use neighbourhood and provides urban renewal on a scale not seen since Melbourne’s Docklands.

As due diligence and transaction adviser to Amcor, Charter worked in partnership with Colliers International to brief the market on the project hallmarks for this unique development site.

As part of our scope of works, Charter:

• reviewed all project documentation
• provided development advice
• conducted detailed financial analysis
• considered a number of divestment options
• managed the preparation of extensive environmental and other due diligence material
• assisted in the composition of the marketing collateral and legal documentation
• assisted the appointed marketing agent in the establishment of key commercial terms and negotiation metrics and strategy
• conducted transaction management services

BENEFITS TO AMCOR

Amcor benefited from Charter’s unparalleled commercial and technical property expertise during the transaction and works continue to assist the Client in achieving the desired result – a record price for a development site in Melbourne.

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The post Amcor Alphington Mill due diligence and transaction management appeared first on Charter.

Driven by an increasing demand from its logistics customers and an under supply of existing accommodation in the market, Costa engaged Charter to put a requirement to the market for the construction of a new $100 million 20,000 sqm temperature-controlled facility on surplus land adjacent to its existing distribution centre.

Charter worked closely with Costa to:

• conduct a national portfolio review of Costa’s 150,000 sqm of specialised industrial accommodation
• devise and execute an off-market sale and leaseback strategy for the new facility where pre-qualified institutional purchasers were invited to participate in a three stage sale process
• conduct transaction management for the sale including governance of the sale process, including all due diligence, conract and lease negotiation and finalisation of sale and settlement
• developed a Brief outlining the size and specification of the intended purpose built temperature controlled warehouse.
• conduct a two-stage expression of interest tender process, dealing with developers in relation to the construction of the new facility
• conduct detailed analysis of tender submissions including interviews with all parties
• negotiations of commercial terms
• conclude all aspects of the tender process, including financial analysis and lease negotiation

BENEFITS TO COSTA LOGISTICS

Charter was able to deliver to Costa the most competitively priced development solution for their needs in a short period of time. The sale strategy and implementation was successfully undertaken over a 5 month period.

The development represented the highest and best use of the surplus land.

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The post A sale and leaseback strategy for Costa Logistics appeared first on Charter.

• representing Schenker in their dealings with the builder Australand, the developer CIP and the building owner Charter Hall
• selection and appointment of secondary consultants
• project management of the office fit out
• obtaining a Four Star GreenStar As-Designed rating for the office
• reviewing contractor variations to ensure their legitimacy and reasonableness
• ensuring the quality of the project met the Client’s expectations
• providing advice in relation to the development agreement

BENEFITS TO SCHENKER

Charter’s in depth construction, property and development expertise was crucial in protecting Schenker’s interests and ensuring that budgets were maintained, programmes met and quality expectations realised.

The facility is now a flagship for Schenker’s Australian operations and the smoothness and diligence of its delivery has set a benchmark for the delivery of future facilities in Australia.

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The post Schenker Warehouse and Office development at Melbourne Airport appeared first on Charter.