Expert Witness AAPI CPV Property Valuer, with over 20 years experience in Greater Sydney/Illawarra/South Coast NSW.
As noted in the article there is a shortage of newly completed high quality office space and being a Superfund they have to invest significant funds. It will be interesting to see how it goes with falling demand for lease and purchase of office space post Covid. Also the fixed cost construction contract signed before recent cost increases seems to further increase risk, if the builder has no profit margin it will be an issue. Any thoughts? As always please be respectful, inclusive and polite to others or refrain from commenting. This is for the purpose of encouraging discussion, and I am not advocating a particular position. https://lnkd.in/g76sX7a9
Bespoke Collection Services with Strategies for Keeping Good Customers by Over 50's. Australian Advisor for Foreigners
8moFrom my recollections working in that part of the city during my early career 435 Bourke Street was where my old Westpac branch was on the corner of Queen Street where after rising from Elizabeth Street, Tom Luxtons McEwans Store was located on left hand side just up from where the Galleria is now. I was working in Eagle house at 473. I'm thinking as a pedestrian before the Train Loop made it easier to travel around the city and I'm thinking that building site needs to have more car parking so elite executive & staff &( maybe some few clients) will want to come into the city to work at that location without needing to walk up that steep section of Bourke street up from Elizabeth or Collins Street. Google states " 435 Bourke Street will include 1300 square metres of retail space and 116 car spaces, as well as a so-called (windy?) sky garden accessible to all tenants. " I'd suggest an elite $billion building should have converted the retail space into more carparking spaces and some more to help encourage more people to be happy going to work in the city unless of course they already live in the CBD. Will it have a convenient covered Uber/Taxi pick up section? What type of retailer want to pay more land tax by selling $30 Subs?