PROPERTIES WANTED – DEVELOPMENT SITES

• Price:  Uncapped

• Location: Prefer premium areas of Sydney – Eastern suburbs, CBD, Inner West, North Shore (Upper and Lower), Northern Beaches, Sutherland Shire

• Scale:  Land must be over 1000 sqm.

• Price: Any price range - as long as feasible.

• Location:  Prefer premium areas of Sydney – Eastern suburbs, CBD, Inner West, North Shore (Upper and Lower), Northern Beaches, Sutherland Shire

• Scale: From 4 unit block to 40+
• Comment: Our developers are seeking undertake a strata title subdivision and refurbishment of existing blocks, or alternatively complete a knock down and rebuild on existing site.  Prefer blocks in one title or owners groups where there is 100% agreement to sell.

Price: uncapped  (from $1m to $100m+)

Location:

• Bulk sites - Sydney, Melbourne, Wollongong, Central Coast, Newcastle.
• Medium sites – within 10- 30km of CBD
• Boutique sites - High Demand / Premium Sydney Suburbs: Within 15km radius of CBD

Scale:

• Bulk sites: Projects 100 units+ , Close to train stations, transport nodes
• Medium sale: Projects 30 to 100 units
• Boutique sites: Projects 4 units to 30 units, targeted to downsizer market

Comments: 

• DA or Raw site ok.
• Eastern suburbs, Lower and Upper North Shore, Inner West & Northern Beaches are core areas.
• Gross Revenue: Prefer locations where resale value is over $12,000 per square metre +  

• Price:              Uncapped
  
  
• Location:        Sydney wide
  
  
• Scale:             Minimum 4 x Townhouses
  
  
• Comments:    Prefer suburbs where there is lack of medium density and downsizers want high quality townhouses
  
  

5.  Serviced Apartments

• Price:              Uncapped
• Location:        Sydney wide
• Scale:             Larger the better
  
• Comments:    We also have serviced apartment operators we can introduce for any new sites

• Price:              Uncapped (from $30m to $200m+)
  
  
• Location:        Sydney/ Melbourne/ or Regional.  Preference is city/ city fringe and key suburban areas.
  
  
• Scale:             Minimum 3500 sqm of GFA.  Ideally like 5000 to 7000 sqm of GFA Hotel sites with 120 to 200 keys.  Also look at boutique hotel opportunities
  
  
• Comments:    Very strong demand from wide range of developers seeking these sites.  We also have hotel operators and tier one builders we can introduce for any new sites

• Price:              Uncapped
  
  
• Location:        Sydney and Melbourne
  
  
• Scale:             From boutique 30 room hotels to 200 rooms plus
  
  
• Comments:    Prefer yields from 4%+ in Sydney and 5%+ In Melbourne. Will look at hotels with existing operators, no operators, with or without development upside. 

• Price:              Uncapped (from $20m to $300m+)
  
  
• Location:        Sydney and Melbourne
  
  
• Scale:           
  Established office buildings with yields min 4.5% to 5%+
  Will look at office conversion to residential
  Will consider All building grades.
  Some developers want development upside
  Others want very long WALES. 
  
  
• Comments:
  GR: Minimum 5% net per annum
  Funds and investors seeking established Office buildings and Hotels in Sydney and Melbourne with  5% ROI+
  Hotels outside metro areas generating over 7%ROI

• Price: $0 - $50,000,000  
  
  
• Location: Sydney, Newcastle
  
  
• Scale: Typically require at least 1000 sqm – but prefer larger sites.
  
  
• Comment: Some developers will also consider mixed use model with medical on ground floor and boutique apartments above.

• Price: Uncapped
  
  
• Location: Sydney, Newcastle, Lower Hunter, Melbourne.Prefer growth corridors
  
  
• Scale: From 5 acres to 200 acres plus. Larger the better.
  
  
• Comments: 
  Raw or DA Approved 
  Some will look at planning proposal sites
  Ok to look at rezone if zoning change imminent

• Price:  Land price typically from $1m to $2.5m depending on location
  
  
• Location: Prefer premium areas of Sydney – Eastern suburbs, CBD, Inner West, North Shore (Upper and Lower) Northern Beaches, Sutherland Shire

• Scale:  Typically one block divided into two attached duplexes (or potential for multiple duplexes on one site)
  
  
• Comments:  Resale value of completed duplexes must be of sufficient value to justify land acquisition price- otherwise feasibility will not stack up.

• Price:              Min $15m – No Maximum price
  
  
• Location:        Sydney and Melbourne  - Prefer prime suburban areas with strong foot traffic
  
  
• Scale:             No min or maximum size - Open to variety of shopping centres. 
  
  
• Comments:
  Must have strong leases with long WALES.
  Some clients prefer ability to add significant value (not a buy and hold client).
  Other happy to buy existing centre for strong cashflow investment with 7% yields.

•  Price:             Uncapped
  
  
• Location:        Sydney and Melbourne -Prime CBD or Prime suburban only
  
  
• Scale:             No min or max – larger raw commercial sites preferred
  
  Comments:
  Mixed use sites ok
  Consider shop top housing
  Must have good retail exposure

• Price:              Uncapped
  
  
• Location:        Sydney and Melbourne
  
  
• Scale:             Raw sites to allow from 3000 sqm to 20,000 GFA (sweet spot is 10,000 – 16,000 sqm)
  
  Comments:
  Must be walking distance to UNSW Randwick / Sydney Uni/ Macquarie Uni
  Must be located along key train/ transport corridors
  Prefer GFA of at least 7500 sqm (Min 5000 GFA outcome required)

• Price:              $1m to $20 million
  
  
• Location:        Sydney
  
  
• Scale:             Raw sites Minimum from about 800sqm to 1000sqm+
  
  Comments:
  Prefer raw sites – but will also look at DA approved
  Prefer longer settlements
  Prefer neat primary schools to capitalise on ready market
  Will do JV’s with land owners

• Price:              Up to $40m
  
  
• Location:        Sydney wide – prefer prime suburbs
  
  
• Scale:             From 20 rooms plus.
  
  Comments:
  Will buy raw sites for boarding houses
  Or buy existing boarding houses with very strong yields. 

• Price: $0 - $15m
  
  
• Location: Sydney
  
  
• Scale: Prefer strata units in one line to reno and subdivide.  Will also look at raw sites to develop industrial sheds
  
  
• Comments
  Ability to add significant value via strata subdivision
  Eg Factory units / offices / available in one line
  Seeking stable holding income in meantime

• Price: Uncapped
  
  
• Location: Sydney, Wollongong, Newcastle, Hunter Valley, Brisbane, Melbourne
  
  
• Scale: Prefer over 5000 sqm
              Others needs 1.5ha to 3.0ha
  
  
• Comments
  Quality aged care companies seeking larger amalgamated sites
  Prefer suburbs were median price well over $350k.

• Price: Up to $10m
  
  
• Location: Sydney/ Brisbane/ Melbourne & Regional areas
  
  Scale: Simple subdivisions/ Duplexes/ Townhouses/ Small apartment blocks

• Comments
  Small scale developer seeking to do Joint Venture development with land owner
  Boutique sites
  Could be subdivision. duplexes apartments / townhouses
  Budget up to from $2m to $10m