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LEASING SERVICES Leasing Strategy Finishes & Timing Our strategy and rental analysis assume a quality base building refurbishment including, but not limited to, the following; • Lobby upgrade/reposition • New End of Trip facilities • Refurbished floors including, ceiling grid, lighting, carpet tile, balconies to comply • Refurbishment of all base building bathrooms • Removal of internal stairs, if required, for single floor tenants • Cosmetic refresh of lifts The priority areas of refurbishment that best serve the leasing campaign are as follows. We believe the below areas should be fast tracked in order to start the inspection process sooner rather than wait for building practical completion. • Lobby reposition/refresh • End of trip facilities • Show floors being the top two floors refurbished as standard corporate refurbishment • Show floor on low rise for creative user namely exposed ceiling grid and polished concrete, capping of internal stairs. The above base building refurbishment works will result in maximising rents and reducing any down time. The priority areas of refurbishment will fast track the leasing campaign and further reduce down time. Strategy Stages Commencing upon appointment, this strategy involves a targeted campaign for: - Multifloor/whole building tenants - Multifloor tenants with expiries close to the anticipated completion date - Single whole floor tenants The strategy focuses on delivering the best financial outcomes with the least amount of down time possible. The small floor plates appeal to single floor tenants, however, the interconnecting stairs and signage opportunity for a boutique building of this nature dictates the targeting of whole building and multi floor target tenants in Stages 1 and 2. In the event Stages 1 and 2 does not deliver either whole or multi floor tenants then we recommend the removal of the internal stairs to maximise the floor plate sqm and attraction of floor plate to target tenants. In the event of hording the current stairs the plate is less desirable as it splits the floor into front and back. In addition, the immediate impact off the lift lobby impacts leasing appeal in the event of hording the stairs rather than removing. We recommend exploring options that can cap the stairs in order to reclaim more sqm and increasing the appeal of the single floor plate to tenants. We believe over a 5 year term the cost will be recouped with the ability to charge rent on the increased floor area. 100