A 38,000m² site in Kewdale, acquired by Colonial First State, housed a long-standing tenant in premises that did not optimise usage of the site.
Redevelopment plans were required to optimise returns in the medium to long term.
NS Projects managed a feasibility and design process involving multiple options to arrive at a development plan that achieved the best use of the property.
- Developing customised building solutions for interested purchasers/tenants, developing a speculative warehousing complex alternative and incorporating sustainable design measures appropriate to the type of building.
- Maximising coverage on the site which had to be balanced against access and the differing hard-stand requirements of potential tenants.
- Weighing each option against the current market price for the property, based on actual transactions on similar sites and offers received for the Kewdale site.