Urbis worked with OSK Property to determine both retail and commercial office strategies for their mixed-use development, Melbourne Square. This has resulted in a more targeted development approach through the understanding of current and forecast market fundamentals.
Melbourne Square is a significant project which will rejuvenate a formerly underdeveloped portion of Southbank through a variety of uses including a retail podium, four residential towers, a commercial office tower in addition to a hotel.
Through a collaborative approach, our valuations and economics teams drew on their expertise in detailed market analysis, in both retail and commercial markets, and were able to deliver key insights into current market trends, floorspace allocation and utilisation, tenancy mix advice, potential revenue forecasts and the associated future costs from a statutory perspective.
“Urbis’ work illustrates our excellence in detailed analysis to inform market strategy.