Skip Ribbon Commands
Skip to main content

Topics of interest

Fairmont Resort - Strategic approach delivers strong result for Receiver

October 2010 - JLL was appointed by financial services firm Deloitte to market the sale of the Fairmont Resort, Blue Mountains, NSW, which following several years of neglect and considerable annual loss, resulted in the property being placed in receivership.
 
The resort required significant capital expenditure and was suffering from a very poor reputation; however the fundamentals of the asset were very good and it had a strong trade and income potential. Through a strategically marketed public Expressions of Interest (EOI) campaign along with directly approaching our existing network of investors, JLL successfully generated interest from 55 qualified investors.
 
Of the 55 investors, six EOIs were lodged at the culmination of the market campaign. We then capitalised on this competitive interest by moving to a non-exclusive due diligence process. After final bids were lodged we negotiated and sold the asset for a price well above the pricing of the initial EOIs received.​

Related Topics of interest

 

 

What is a Buyers Advocate? Learn who we are, what we do and how we do it! /australia/en-au/case-studies/66/what-is-a-buyers-advocateWhat is a Buyers Advocate? Learn who we are, what we do and how we do it! We are your property buyers – that’s what we do – we act exclusively on your behalf to buy property for you; residential (owner occupier or investment), retail, commercial, property development, industrial or rural.
Buyers Advocacy Success Story: Margot/australia/en-au/case-studies/65/buyers-advocacy-success-story-qld-margotBuyers Advocacy Success Story: MargotFirst time investors from country New South Wales, with a love of the Northern Beaches. Being remotely located, they were unable to inspect properties personally.
Buyers Advocacy Success Story: Scott & Tracy/australia/en-au/case-studies/64/buyers-advocacy-success-story-qld-scott-tracyBuyers Advocacy Success Story: Scott & TracyFirst time investors who had been looking for “the one” for years. Geographically disposed and time poor professionals.