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We were able to manage this critical process for the client, by identifying a range of options in the marketplace available in the Adelaide CBD for rent and were able to achieve outstanding occupancy and a beneficial financial outcome.
Broadway Property has been involved in multiple Client Side Advisory and Project / Development Management roles with the Royal Australasian College of Surgeons around Australia and as lead Property Advisor and Lease Portfolio Manager.
Projects have included:
- Negotiating and acting as tenant representative for a purpose built A Grade office building of 1,100m2 including an integrated fitout in Kent Town
- Transaction Management of 51-54 Palmer Place, North Adelaide
- Early feasibility and development advice in relation to re-developing its Spring Street property in Melbourne – circa $100M end-value
- Ingoing lease portfolio management
- Tenant Representation – new Perth office A-Grade
- New Sydney office A-Grade
- Canberra office Refurbishment
- Tasmania office relocation
Royal Australian College of Surgeons
Better Medical, which owns and operates more than 70 GP clinics across South Australia, Victoria, Tasmania, New South Wales, and Queensland, engaged Broadway Property to oversee lease portfolio negotiations and new site identification. This included pre-commitments to new developments to assist their rapidly expanding business, as well as coordinating and managing the process of its search and negotiation for new head office in the Adelaide CBD. This management also included coordination of a new fit-out (or retrofitting an existing fit-out) to suit their particular needs.
Broadway Property was engaged to find a suitable site to accommodate a new purpose-built facility of approximately 9,500sqm in close proximity to Adelaide Airport. The team also provided Transaction Advisory services is acting as Development Manager to deliver the facility on behalf of the client.
Client-Side Services Included:
- Strategic Commercial Real Estate Strategy and Execution
- Lease Transaction Structuring and Advice
- Development and Project Management
- Ongoing Asset Management Services
Thyme Capital Developments
Broadway Property were able to secure a private hospital development site on behalf of the client in 2018. The site is currently being developed into the Playford Health Hub – a 3 stage circa $200m development within Lyell McEwin Hospital precinct that will be anchored by a Medical Centre and a new private hospital. Broadway Property continues to support us with various consulting roles across all South Australian owned assets.
Northwest Healthcare Properties
Broadway Property provided research-based market rental advice to Renewal SA which provided the team with the ability to assess the commercial viability. The advice also assisted the client with developing and executing the strategic objectives for the re-development of the old Royal Adelaide Hospital site – now known as Lot Fourteen.
Providing our independent commercial real estate advice was critical in building a commercial feasibility model and business case for the re-development of the Old Royal Adelaide Hospital site. We were able to provide extensive market knowledge as well as accurate advice in a timely manner.
elmTEK approached Broadway Property seeking advice on its long-term office accommodation. Initially, the client envisaged an outcome involving acquisition of land and the construction of a building. But through a feasibility analysis, we were able to determine that this option didn’t represent value for money for the client. A new strategy was developed after providing advice around occupancy costs for the client to establish themselves in different locations across Adelaide. Ultimately, the decision was made by the client based on a cost benefit analysis, and their ultimate growth strategy of leasing an office in the Adelaide CBD was the best approach to underpin their long-term business objectives.