Skip Ribbon Commands
Skip to main content

Topics of interest

Mermaid Tavern, Gold Coast -  A tightly fought bidding process resulting in desired outcome

November 2012 - ​This asset had been in the market previously though had failed to sell leaving the bank no option but to put that asset into receivership with PPB Advisory. The bank also requested a quick divestment to get the asset off their balance sheet as quick as possible.

Our team identified that an asset of this nature would attract a wide array of buyer pools given its holding income, location and development opportunity. The Hotels & Hospitality Group advised and then implemented a tailor made national marketing campaign, directly targeting publicans, pub syndicates, high net worth individuals and developers.
 
A tightly fought bidding process led to considerable market tension, with offers from several different states, showing that a national tailored campaign had the desired outcome we were looking for. The end result was a divestment of the asset at a near single digit yield, this is one of the sharpest yields we have seen in the current market place since before the GFC. Given the attributes of the asset and its trading performance this was a fantastic result for the bank and the receivers looking to offload this asset quickly and effectively. 

Related Topics of interest

 

 

Thinking about buying in to commercial property?/australia/en-au/case-studies/74/thinking-about-jumping-into-the-commercial-property-worldThinking about buying in to commercial property?A growing number of everyday Australians are recognising the potential of investing in the commercial property sector and in particular we are witnessing a flood of mum and dad investors utilising self-managed superannuation funds to invest in small commercial properties.
Client happiness - the heart of our business/australia/en-au/case-studies/73/at-the-heart-of-the-ba-business-is-our-clients-happinessClient happiness - the heart of our businessMatthew’s recent purchase went smoothly and exceeded his expectations, Matthew is a first time investor but with commercial acumen beyond his years and the ability to distinguish the crucial from the trivial. Matthew describes his Buyers Advocacy experience with JLL below.
Sometimes the best advice is, "no, don't do it!"/australia/en-au/case-studies/72/sometimes-the-best-thing-you-can-hear-is-no-dont-do-itSometimes the best advice is, "no, don't do it!"Our clients felt that we were able to ensure that they didn’t make a mistake; particularly when they sourced their own opportunities and brought them to us for our review. Hear what they say..