Napier & Blakeley - Property, development and infrastructure consultants

Our Services

Cost Risk Return, reflects our clients' mandate; how much will it cost, what is the risk and how can we manage these issues to maximise return.

Independent, timely, accurate.

Make Good Cycle

We have extensive cost data relating to Make Good projects and settlements and can provide a quick benchmark comparisons. We have developed a number of strategies to protect Landlords and Tenants against the risks of the Make Good cycle.

Project Management

We always take a commercial approach in order to facilitate the delivery of your project vision within the parameters of time, quality, cost, compliance and risk.

Property Tax

Division 40 Capital Allowances (Depreciating Allowance)

Division 43 Capital Works (Building)

Sydney Construction Costs

Building costs for the Sydney market as at July 2011

Melbourne Construction Costs

Building costs for the Melbourne market as at July 2011

South East Queensland Construction Costs

Building costs for the South East Queensland market as at July 2011

Adelaide Construction Costs

Building costs for the Adelaide market as at July 2011

$1 Billion+ Portfolio (Retail Assets)

When Lend Lease was chosen as the preferred bidder for the $1.4 billion ING Retail Property Fund, they engaged Napier & Blakeley to prepare comprehensive Technical Due Diligence reports for the 14 assets across Australia and New Zealand, the largest being the $450 million – 75,000+m² Joondalup Shopping Centre.

Waterfront Place, Eagle Street Pier, Brisbane

We were engaged by Corval Partners on behalf of the Australian Federal Government's Future Fund to assist them with their acquisition of this landmark Brisbane commercial office building. 

Our role was to provide Technical Due Diligence and to analyse the physical risk involved in the acquisition in addition to environmental and flooding risks, an assessment of the energy use and NABERS ratings profile of the asset including a ten year analysis of capital expenditure requirements for the asset.

Aurora Place, 88 Phillip Street, Sydney

This $685 million, 47,827m² office transaction was the largest commercial office transaction in 2010 and represents one of Napier & Blakeley's many international appointments over the last few years.

Investa Property Group Acquisition

When Morgan Stanley Real Estate reached an in-principle agreement to acquire Investa Property Group for a total acquisition price of approximate $5 billion, they engaged Napier & Blakeley to supply technical due diligence services to support this major acquisition, the largest overseas acquisition of an Australian company at the time.  

The Investa property portfolio comprised a mix of 32 office towers across Australia.

Various Commercial Offices across Australia

Brookfield required an independent review and consistent approach to capital expenditure planning across their whole property portfolio comprising of over 30 buildings.  

They engaged Napier & Blakeley to reschedule their Capital Expenditure Forecasts. The expenditure period was for 10+ years and will be used by Brookfield as the benchmark for all future reviews.

30 Convention Place, South Wharf, Melbourne

When Deka Immobilien acquired the 20,000m², 4.5 star NABERS and 5 star Greenstar office tower component of the mixed use South Wharf development, the base building works were halfway through the Defects Liability Period and fit out works for the various Tenants, together with some base building modifications, were underway.

Our role was to protect Deka’s interests by identifying and advising on the development, documentation, defects and capital expenditure risks associated with acquiring a development not directly under their control, prior to exchange of contracts and the $115 million acquisition. 

61 Properties along the Proposed Stage 1 Route

Napier & Blakeley were engaged by Sydney Metro to prepare Schedules of Condition on retail, commercial, residential and public buildings along the proposed route which may have been affected by construction works for the project. 

A total of 61 buildings over a 7km distance were identified by Sydney Metro as having the potential to be impacted by these works.

101 Miller Street, North Sydney

Napier & Blakeley were jointly engaged by landlord and tenant to provide impartial advice regarding the cost of make good works to remove Optus' office fit-out from 101 Miller Street as required under the lease. 

The open-book approach adopted by Napier & Blakeley facilitated non-adversarial negotiations between the parties which resulted in a mutually agreed financial settlement. 

101 Collins Street, Melbourne

Napier & Blakeley were engaged by Blake Dawson to provide impartial advice regarding the extent and cost of make good works to remove their fit-out from their 7,150m², 5-level commercial office tenancy as required under their lease. 

Napier & Blakeley also project managed the physical make good works.

247 Adelaide Street, Brisbane

The 3,000m² 7 storey office building has recently been upgraded to target a 60% reduction in energy consumption through the installation of a new chiller, control system, LED lighting, and solar thermal package units. NB Verdigris successfully applied for $500,000 of government funding from the Green Building Fund program, and acted Superintendent and Client’s Representative through to completion which was certified in June 2012.

Sydney Opera House

Napier & Blakeley were engaged by the Sydney Opera House to provide specialist sustainability consultancy support for the development of a sustainability strategic planning policy.  The process involved working with key stakeholders through workshops to determine the scope and expectation of the policy.

The role then required the collation of this data and a drafting of the inaugural sustainability policy, associated objectives and targets and a short term implementation plan.

2 - 4 Lyon Park Road, North Ryde

The strategic green upgrade of this office park building included a 100 MW Photovoltaic Plant which, along with a number of other initiatives, reduced the energy consumption of the building by 40%.

Napier & Blakeley were project directors/sustainability managers for the concept, design, government funding and delivery of this pioneering project.

76 Berry Street, North Sydney

Our client’s target was to upgrade the existing, 11,000m² fully tenanted building to become the lowest carbon emission commercial office building in Australia. Napier & Blakeley as project directors and sustainability managers drove the concept, design management, procurement and project delivery as well as obtained, on behalf of the client, over $2 million in government grants.

The project includes a tri-generation system, SMAC air conditioning and energy efficient lighting.

GE Capital Office Portfolio

As part of GE Capital’s initiative to improve the NABERS ratings of their existing office portfolio, Napier & Blakeley provided strategic sustainability advice which included an energy and capital expenditure review of 12 selected assets. Detailed analysis of initiatives were provided to raise the assets to 4 and 5 star including estimated costs, impact, energy savings and payback periods.

This information formed the basis of GE's highly sucessful application for Green Building Funding.

Dexus Property Group Office Portfolio

Napier & Blakeley provided strategic sustainability advice to Dexus in regard to Federal Government funding for 8 properties in their office portfolio. As part of this advice we also managed their applications for the Federal Government’s Green Building Funding initiatives.

80 Clarence Street, Sydney

The 5,000m² 13 storey building has upgraded from NABERS 1 star to NABERS 4 star (50%+ reduction in energy costs). In addition to the energy efficiency works, the lobby and 2 offices floors were also refurbished. NB Verdigris successfully applied for $500,000 in government funding as well as providing design and project management and quantity surveying services.

160 Sussex Street, Sydney

NB Verdigris were the project managers and quantity surveyors of the refurbishment of the 10,000m² 15 storey building. The building has been upgraded achieve a minimum of NABERS 4 star using innovative technologies such as SMAC air conditioning, E1 lighting and induction VAVs (IVAVs).

Port Central Shopping Centre, Port Macquarie

The 15,000m² shopping centre is being upgraded to achieve a NABERS 5 star energy rating. NB Verdigris provided the client with an energy efficiency strategy report and successfully applied for $500,000 in government funding. The energy efficiency is being achieved by the installation of high efficiency chillers and advanced BMS, a 99kw solar PV unit, VSD sane economy mode linked to louvers in the shopping centre.

The Oracle, Broadbeach, Gold Coast

This $600 million dual tower development, comprised 507 luxury apartments, 6,000m² of tower office space and a 3,000m² boulevard shopping and dining precinct set at ground level. 

We were also engaged by the project financiers to provide project monitoring services as “independent certifiers” for this project. 

Triptych, Southbank, Melbourne

Napier & Blakeley were engaged by RIREFM to provide quantity surveying services and property tax advice for this $220 million luxury residential tower built on a triangular site near the National Gallery of Victoria.  We provided construction costs and management throughout the project.

The Medica Centre, Corner of Dora Street and Queen Road, Hurstville

This technologically advanced medical facility development includes nine levels of basement car parking, a radiology and nuclear imaging facility with two vascular theatres, a private hospital on one whole floor with four state of the art operating theatres, two endoscopy theatres and associated suites and recovery areas, seven levels accommodating fifty fitted out medical suites including a cancer treatment centre. 

Napier & Blakeley monitored the construction cost of $83 million for the financiers including providing post completion development finance monitoring and reporting and property taxation depreciation schedules.

East Quarter, Hurstville

We provided a full range of quantity surveying services and property tax advice for Stage 1 of this major residential community development. Stage 1 had a build price of approximately $60 million. 

When all stages of the works are completed they will have a value of $450 million and East Quarter will comprise a total of approximately 629 residential apartments and 10,000m² of retail and commercial space over seven buildings. 

363 George Street, Sydney

This 35 level $118 million office tower development in the heart of Sydney’s CBD comprises 27,000m² of commercial offices, food and retail tenancies and a basement car park.

We managed the financiers' project cost risk over the duration of the development.

The Quays, Docklands, Melbourne

The Quays development will have 96 serviced apartments and 517 residential apartments in two towers over a common podium. Napier & Blakeley were involved in the design, documentation and tender phases for this project.  Construction is scheduled to commence in late 2011.  Specific services supplied include: 

• Cost planning throughout the design phase
• Pre tender estimates, tender documentation and review
• Bills of quantities
• Contract advice, negotiation and review
• Value management
• Tax depreciation schedules & stamp duty assessment

The Blacket Hotel, 70 King Street, Sydney

This $19 million extensive refurbishment to this heritage building provided high quality retail and commercial space. The works involved extensive internal demolitions followed by the construction of two additional upper floor levels and the installation of new plant and equipment and finishes ready for further tenant fitout works. 

Napier & Blakeley provided full project quantity surveying services including cost planning, value management, tender negotiation, variation assessment and negotiation and progress claim assessment including financiers' project monitoring and property taxation depreciation reports.

Aerial Apartments, Camberwell, Melbourne

Aerial Apartments is a $80 million luxury residential development with 134 apartments in two towers built over a podium and three levels of basement car parking. Napier & Blakeley were intricately involved in the design, documentation and tender phases for this project.  Construction is scheduled to complete in late 2011.  Specific services supplied include: 

• Cost Planning during the design phase
• Pre tender estimates and tender review
• Reporting to the project financier
• Contract advice, negotiation and review
• Value management

Levels 9 & 10, 77 Castlereach St, Sydney
Levels 24 to 30, 20 Collins St, Melbourne

Napier & Blakeley were commissioned by ASIC to project manage the design, fit-out and relocation to their new offices at Levels 9 & 10, 77 Castlereagh Street, Sydney (2,400m²) and Levels 24 – 30 120 Collins Street, Melbourne (8,000m²). 

Napier & Blakeley provided the full range of project management services for these fit out projects.

Westfield Shopping Centres across Australia
& New Zealand

Napier & Blakeley have been providing property tax services, generally on a six month cycle for the Westfield Group since 1990.  Our Property Tax team has worked on numerous developments, redevelopments, upgrades and fit-outs at Westfield Shopping Centres across Australia.

Specific services include:

• Tax depreciation schedules for redevelopment works
• Tax depreciation schedules for tenancy capital expenditure
• Schedules for taxation write-offs for demolished components of buildings

McDonald’s Restaurants across Australia

Napier & Blakeley have worked for McDonald’s since 1990 to provide property tax depreciation advice for their outlets and facilities in over 500 locations around Australia.  Napier & Blakeley’s services have been carried out progressively as McDonalds has brought these facilities on line.

Would you like a insurance replacement cost assessment with that?

Three Hotels in NSW & VIC

Tourism Asset Holdings Ltd is Australia’s largest tourist accommodation property holder.  Napier & Blakeley were engaged by TAHL to prepare detailed asset registers in conjunction with property tax depreciation schedules.

These enabled TAHL to optimise their tax position in relation to these assets.  The asset registers also provide an important basis for on-going reporting and performance measurement, life cycle cost forecasting, asset identification and maintenance planning.

Portfolio in excess of 100 Properties

Properties assessed included:

• Office buildings 
• Shopping Centres 
• Hotel buildings 
• Industrial buildings 
• Car parking facilities

17 Industrial Properties & 29 Pubs across Australia

These properties had a total value in excess of $210 million.  With the industrial properties comprised of approximately 208,000m² of industrial storage and distribution facilities.

Southern Cross Station, Melbourne

A challenging exercise given the nature of the structure, underground elements and hours of operation constraints.

Portfolio in excess of 100 Properties

Properties assessed included:

• Office buildings
• Industrial buildings
• Bulky goods buildings
• Logistics facilities
  
  

Portfolio of 40 Properties in Australia
& New Zealand

Properties assessed included:

•    Shopping Centres
•    Taverns
•    Car parking facilities

Portfolio of 25 Properties - QLD, NSW & VIC

The portfolio consisted of 25 properties owned and managed by the group and has been assessed twice in the last 4 years.

Properties assessed included:

• Office buildings
• Shopping centres