Commercial Office Real estate
Objective
Source and secure investment property with value-add up side potential through asset management, re-gearing and lease-up strategies.
Challenges
Identification of high quality assets to acquire off-market, selection of property management partner, forecasting office demand and future cashflows for sub-urban locations.
Process
Asset secured in off-market negotiation, AM partner selected, IM prepared and pool of specific investors identified through Cantor distribution network, gearing at approx 50% with senior debt sourced from an international European bank.
Outcome
AM and re-gearing strategies implemented with occupancy increased from 75% in 2017 to 95% in 2022 and NOI increased by 28%.
Timeline
5 – 7 Year target hold period – exit through refinance or sale.