Consulting & Advisory Services

• Premises search and procurement, due diligence of site acquisition for lease or purchase.

• Lease negotiation- Negotiate lease terms on behalf of clients, advising on proposed lease covenants and their implications for the client.

• Lease vs. purchase –financial analysis and forecasting to aid informed decisions around commercial property requirements including DCF (discounted cash flow) analysis over extended holding term.

• Premises Condition Reports

• Market rent reviews, Lease renewal and variation negotiations,

• Relocation - Stay/Go decisions, cost benefit analysis

• Lease management – outsource the management/administration of commercial property leases across a portfolio of leased sites.

• Body Corporate Disputes – representing clients on breaches of Body Corporate Rules, Unit Titles Act 2010 and Resource Management Act 1991 for mixed use properties.

​

• LEASING, DIVESTMENT/DISPOSAL

• Sale & lease back management of owned sites to free up operating capital.

• Lease surrender, sublease & lease assignment negotiations

• End of lease Makegood & Reinstatement assessments & negotiations

​

• OTHER SERVICES

• Portfolio/Lease management - when clients have differing property locations/classes, but can't justify the cost of a property manager, or where management are not proficient in commercial property requirements.

​

• SPECIALISED PROJECT MANAGEMENT & SPECIFIC ADVISORY

• Managing specialised projects across wide ranging and complex areas such as compliance, consenting, fit out/plant and machinery replacement or upgrade. 

• Specific Advisory – conflict resolution with Landlord’s or property managers around specific lease or property issues i.e rebates for Covid-19 lockdown, seismic upgrades, redevelopment works, power outages affecting server rooms, cool stores or other sensitive business equipment.

​

• CASE STUDIES

• CBD, Wellington – negotiating seismic works and planned power outages for data center client who had penalty clauses for any downtime within their servers.

• Long Bay, Auckland – negotiated a $50,000 cash payment to our client from their landlord, whilst the tenant was in default of their lease, to walk away from the lease.

​

​

• LEASING, PROCUREMENT & AQUISITION

• Due Diligence on Aquisition – reviewing financials, lease structure and exposure, capex assessment (e.g lifts, HVAC systems expected useful life, seismic/structural assessments etc) to aid informed decision-making and mitigate potential risks of the investment.

• Providing market research, analysis of rental rates, vacancy rates, and other market trends that will impact the landlord's return on investment.

• Negotiating lease terms, rental rates, and other contractual agreements on behalf of the landlord to secure favourable terms and maximise profitability and investment value of the property.

• Feasibility Studies– strategic advice on portfolio optimisation to help landlords achieve their long-term investment goals, including financial analysis & forecasting to make informed decisions around commercial property investments including DCF (discounted cash flow) analysis over holding term.

• Redevelopment/Feasibility analysis - providing economic & financial forecasting, to aid informed decisions around redevelopment to enhance the property's value or attractiveness to tenants, ultimately increasing rental income and capital value.

• Valuations – procurement of market rental, capital and insurance valuations.

​

• ADHOC ASSET & PROPERTY MANAGEMENT

• Support & advisory on day-to-day property management tasks, including tenant relations, rent collection, property inspections and ensuring the property is well-maintained and profitable. We advise on:

• Due diligence  – assess tenant covenant, financial stability and background security & credit checks as part of a proper tenant screening processes in lease negotiations.

• Manage lease agreements, enforcing lease terms, handling lease renewals & terminations.

• Formulating operating expense (OPEX) budgets & washups for budget or lease termination purposes.

• Negotiation & Document drafting for agreements, variations, renewals, surrenders & assignments.

• Rent Reviews – CPI & Market rent review analysis & calculation.

• Compliance Risk Management: Ensure compliance with all laws and regulations governing commercial property including landlord-tenant laws, zoning and building controls, BWOF requirements & insurance endorsements.

• Health & Safety – Ensuring obligations as a PCBU under HSWA 2015 (which can't be contracted out of through a third-party property manager) are being met.

• Body Corporate Disputes – representing clients on breaches of Body Corporate Rules, Unit Titles Act 2010 and Resource Management Act 1991 for mixed use properties.

• Advisory and contract asset/property management services advising those who are not “real estate minded” i.e corporates, family trusts and private investors on overall commercial property strategy including master site planning, lease mix, asset allocation, asset mix and maximising the investment value and cashflow of the property for clients.

​

​

•  Managing specialised projects across wide ranging and complex areas such as compliance, consenting, building systems replacement or upgrade.

• CASE STUDIES

• Ponsonby, Auckland - seismic upgrade works on a heritage listed building with a 24hr live radio broadcasting & television studio tenant.

• Parnell, Auckland - commissioning a live weapons training facility within CBD office premises.

• Greenlane, Auckland – negotiating finance for client that had purchased circa $5m building unconditionally at auction without pre approval. The lender had declined finance, and client was about to lose $500k deposit. We formulated a property plan which resulted in finance approval and the client being able to settle on the purchase.

​

    LEGAL & COMPLIANCE MATTERS

• Lease Breaches & Default Notices

• Body Corporate & Mixed Use property disputes

• Breaches of New Zealand Legislation (i.e Unit Titles Act 2010, Resource Management Act 1991)

• CASE STUDIES:

• Wairau Valley, Auckland – obtaining retrospective building consent for industrial property built over 20 years ago which was never signed off, with no architectural or engineering records/inspections of any kind.

​