In 2015, Urbis was engaged to help private investors develop an investment strategy and rationalisation plan for their property portfolio.
We developed a targeted investment strategy and used our networks to search for a site for the supermarket. Through our network we found a recently closed down neighbourhood shopping centre, soon to be demolished, which the owners were planning to redevelop into a new Coles supermarket. We approached the developer, Australand with an indicative offer and negotiated the acquisition on an off-market basis. We took care of term sheets, contracts, and pricing and development agreements.
Once the land contract was finalised, we oversaw all aspects of construction, tenant fit-out, and the opening in February 2016. Using our deep market knowledge and strong relationships in the industry, we uncovered unique investment and development opportunities for investors.
“Using our deep market knowledge and strong relationships in the industry, we uncovered unique investment and development opportunities for investors.