DIRECTOR, KPMG, MELBOURNE
Delivered technical due diligence and advisory services to NYSE and ASX listed companies, Australian real estate investment trusts and high-net-worth individuals including Blackrock, DEXUS, Mirvac, Charter Hall, ISPT, Goodman Group, Sentre, Vicinity Centres, The GPT Group, Stockland, Fraser Property Group and sovereign wealth funds like GIC (Singapore) and more
Asset classes ranged from industrial, commercial office, hospitals, shopping centres, retirement villages, residential etc.
Services included inspection and reporting on building structures and fabric, building services, code compliance, hazardous materials and land contamination working with clients to identify risks, establish exposure levels and recommend solutions
100 QUEEN STREET & 380 COLLINS STREET, MELBOURNE
100 Queen St is a 37-story, 161-meter A-grade office tower completed in 1993 with mixed use retail ground floor
380 Collins St the former Melbourne stock exchange designed by William Pitt and constructed in 1888–1891
Both buildings are protected for their high heritage significance
DIRECTOR, INFRASTRUCTURE PROJECTS GROUP
KPMG
Full technical due diligence inspection, desktop study and reporting including inspection of all properties on title, reporting on the buildings' structures, facades, roofs and basements; building services including mechanical, electrical, fire and hydraulic systems and lifts; hazardous materials investigations and building code compliance assessments plus general advice around possible vertical extension (adding floors)
Inspection was completed within 2 days of instruction and the report was presented to the client detailing the risks identified, possible solutions and vertical development potential
The client was delighted with the speed of reporting and depth of the insights
FOREST HILL CHASE & BRIMBANK SHOPPING CENTRES, VICTORIA
Forest Hill Chase is a significant three-level regional mall housing approximately 200 retailers and 3,400 car parks
Brimbank Shopping Centre is a well-established retail hub in Deer Park with major supermarkets and department stores and over 1,600 car parks
DIRECTOR, INFRASTRUCTURE PROJECTS GROUP
KPMG
Full technical due diligence inspection, desktop study and reporting to support the $840 million sale
Scope included inspection and reporting on the buildings' structures, facades, roofs and basements; building services including mechanical, electrical, fire and hydraulic systems and lifts; hazardous material investigations and building code compliance assessments with specific focus on energy efficiency, solar upgrade potential and building reliability to ensure long-term retention of anchor tenants
The portfolio was inspected within a week of instruction and the report was presented to the client's investment team detailing the buildings defects, proposed works program and CapEx forecast
Aftercare was provided to support the successful sale
CLAYTON, BUSINESS PARK, VICTORIA
The Clayton Business Park, circa 32.5ha, was demised exclusively to Holden Special Vehicles over a long term lease period
Goodman Group required an assessment of lease end make good liability prior to taking vacant possession of the estate to commence a major redevelopment and create modern office and industrial spaces across four precincts with a high level of multimodal transport connectivity
DIRECTOR, INFRASTRUCTURE PROJECTS GROUP
KPMG
Detailed and rigorous one week long make good inspection including assessment of circa 145,000sqm warehouse space for make good liabilities, environmental and hazardous materials risks in order to establish an indicative make good cost to enable successful negotiations between the tenant and landlord
The client was pleased with the rigorous inspection, detailed nature of the reporting and how advice was crafted to enable successful negotiations
28 FRESHWATER PLACE, MELBOURNE
Grade-A commercial office circa 34,000sqm over 25 levels with efficient large column-free floorplates featuring a "side-core" configuration for maximum NLA and natural light, 5.5-Star NABERS Energy & 6-Star NABERS Indoor Environment ratings
Director, Infrastructure projects group
KPMG
Full technical due diligence inspection, desktop study and reporting to support the $286 million sale to JP morgan
Services included inspection and reporting on the buildings' structures, fabric and services including vertical transport, hazardous materials investigations and building code compliance assessments with specific focus on performance of vertical transport and energy efficiency ratings as the purchaser intended to occupy part of the property and required commentary to support an assessment of operational expenditure
INDUSTRIAL WAREHOUSES AT DRYSTONE ESTATE, VICTORIA
Charter Hall's premium logistics and industrial estate greenfield development including tenants like Woolworths, Target, The Rejects Shop etc. achieving a substantial WALE
DIRECTOR, INFRASTRUCTURE PROJECTS GROUP
KPMG
Full technical due diligence inspection, desktop study and reporting for the Laverton Cold Storage asset with specialist considerations for cold store issues like thermal bridging and condensation
Defects inspection and schedule of condition for The Rejects Shop with focus on slab loading and integrity to support high-speed high-load logistics arrangement
Worked collaboratively with the client to tailor reporting to their specific needs
SCAPE ON LATROBE, 42-50 LA TROBE ST, MELBOURNE
Premium, purpose-built student accommodation facility
One of the world's tallest prefabricated student housing projects
DIRECTOR, INFRASTRUCTURE PROJECTS GROUP
KPMG
Completed in 2018 and developed for Blue Sky Funds, SCAPE was built by Hickory using the Hickory Building Systems (HBS) prefabrication method
The 44-level tower was designed by Hayball and includes roof top gardens, theatre and communal cafe
Delivered as part of Blue Sky Investment's subsidiary Blue Sky Private Real Estate's $1 billion student accommodation joint venture with Goldman Sachs
Full technical due diligence services provided to meet the fiduciary obligations of the investor
NOVOTEL, 270 COLLINS STREET
Flagship 380 room hotel, pool and spa facilities
DIRECTOR, INFRASTRUCTURE PROJECTS GROUP
KPMG
Appointed by Singaporean fund Fraser Hospitality Trust to complete pre-purchase technical due diligence including the full spectrum of services on an accelerated reporting timeframe to meet their investment committee and board meeting deadlines
This transaction was a record for the hotel and hospitality sector in Melbourne at the time with the sale from the US investment management fund LeSalle
EPWORTH FREEMASONS HOSPITAL, CLARENDON ST, MELBOURNE
Operational hospital with maternity and critical care wards plus out-patient beds undergoing expansion at the time of sale
DIRECTOR, INFRASTRUCTURE PROJECTS GROUP
KPMG
Appointed to deliver technical due diligence for Northwest Healthcare Properties Real Estate Investment Trust to acquire the remaining 50% interest
Specific attention required to the aging nature of the asset as the neighbouring site was under construction with driven piles, being installed at the time of inspection, creating significant vibration that could threaten the structure if not properly managed
DARLING QUARTER, 1-25 HARBOUR ST, SYDNEY
Modern, mixed-use precinct in the heart of Sydney’s Darling Harbour, featuring two commercial office towers, diverse alfresco dining, and a lively public park with a popular public realm
DIRECTOR, INFRASTRUCTURE PROJECTS GROUP
KPMG
Appointed by the NSW government who were selling off their partial stake in the ground lease of the Darling Quarter complex to British insurer Rothesay for $192 million This sale covered the rights to the ground lease rental income for a period of 30 years and required a full suite of technical due diligence under full non-disclosure agreements that expired at completion and announcement of the transaction
NEWS CORP'S WESTGATE PRINTING COMPLEX, 127 TODD ROAD, MELBOURNE
News Corp sold the freehold on a sale and lease-back deal designed to free up capital for development of a new facility
The site has subsequently been sold to NextDC for development as a data centre
DIRECTOR, INFRASTRUCTURE PROJECTS GROUP
KPMG
Provided the private buyer the full suite of technical due diligence reporting tailored to their investment committee reporting needs
Special consideration required for the bespoke and unique nature of the building and its use resulting in small structural tolerances to enable the printing press to operate correctly and the use of OHS regulation listed chemicals in the form of chemicals in inks and paper treatments stored on site
INDUSTRIAL ASSETS AT MOORABBIN AIRPORT, VICTORIA
Goodman Group's long-standing development role and ownership of industrial property at Moorabbin Airport, expanded through the construction of new industrial assets
DIRECTOR, INFRASTRUCTURE PROJECTS GROUP
KPMG
Appointed by a consortium of investors to undertake technical due diligence on assets being constructed by Goodman Group neighbouring the airport
Limited scope of technical due diligence due to assets under construction that included desktop review of contractor's environmental practices and soil reports coupled with inspection of the part built structures and building services
METCASH LOGISTICS FACILITY, LAVERTON, VICTORIA
Metcash's national headquarters and logistics hub was coming to the end of its lease and they were seeking lease end make good advisory services to assist with negotiating a new deal with developer The Goodman Group for newly developed premises in Truganina
DIRECTOR, INFRASTRUCTURE PROJECTS GROUP
KPMG
To provide a lease end make good assessment and indicative cost estimate to enable negotiations
A substantial facility and long term lease resulted in considerable changes to the buildings
Care taken to ensure fair wear and tear did not contribute to the tenant's liability