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| Client: |
Guille & Kotsoglo Development |
| Location: |
East Perth, WA |
| BDS Role |
Phases 1, 3 |
Comments
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.
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