Client strategy: Sophisticated investor – wanting a property with significant capital growth potential.
Why this site was chosen: Location and long-term lease.
Negotiation strategy: We were bidding against another very strong party. We impressed the agent with the seriousness of our interest, using the EoI campaign to conduct thorough Due Diligence. To avoid an auction scenario we made a strong bid with attractive Settlement terms.
Property is situated in a mixed-use Zone, on the crown of a hill, with 180 degree sea views and adjacent to a $30 billion State/ Private Sector redevelopment scheme. The 10 year + lease will provide time for the redevelopment, elevating the attraction of the property to developers for higher-value redevelopment.
