260 Captain Cook Drive, Kurnell, Sydney NSW

Scope: 125,000 sqm
Service: Property Coordination and Strategic Property Advice

Challenge

• Provide strategic property advice on behalf of ING Australia for the due diligence process of the mortgagee in possession of the land

Action

• Preparation of a strategy for the marketing of the asset
• Recommendation to appoint a sales agent and the appropriate method of sale
• Preparation with the appointed sales agent of the information memorandum and all marketing material
• Coordinated and procured specialist advice in determining the soil contamination issues on the site

Result

• The property was remediated by ING Australia
• 11 out of 12 industrial units were divested, while the remainder of the site was held until the Sydney Industrial property market recovered