12 - 14 O’Connell Street, Sydney NSW

Scope: Whole Building
Service: Project Coordination and Development Management

Challenge

• Provide development advice on the property which was optioned by the developer

Action

• Parameters of role included provision of mezzanine funding arrangements
• Negotiations of loan and development agreements
• Financial analysis of strata redevelopment, advice on strata sales, appointment of sales real estate agents
• Maintaining cashflows and overall supervision of the development process to ensure maximum return was achieved from development

Result

• Successful completion of the strata sub-division and commencement of strata sales
• The remainder of the development was acquired by Walker Corporation (a top tier property development firm)