||Guille & Kotsoglo Development
||East Perth, WA
||Phases 1, 3
The Partners purchased this Office/Warehouse site with a view to redevelop it into a new mixed multi-storey building. After completing preliminary plans and due-diligence we formed the view the market was likely to decline (which it did 12 months later in 2008). The market value had significantly increased during our 15-month ownership, so we undertook a commercial decision, not an emotive one, to sell the site in its existing condition, thereby booking a 38% profit return on our initial investment.
Discover the Building Solutions 3 Phase Approach here for the level of service you need, at the time you need it for successful property development.