Raine & Horne Commercial Canberra Track Record for Raine & Horne Commercial Canberra
Raine & Horne Commercial Canberra Level 1, 22 Giles Street KINGSTON ACT 02 6239 6888 rhccanberra.com.au
REIACT Commercial Agency 2003/05/06/08/09/10/11 & 12 Commercial Agent, Corporate Support, Commercial Property Manager 2015
Raine & Horne Commercial Canberra History Raine & Horne Commercial Canberra is part of the highly successful Raine & Horne Network. Raine and Horne Commercial was established in 1997 to specialise in the field of commercial, industrial, retail and specialist property sales, leasing and management. Today, RHCC has a large team and provides Commercial Sales and Leasing services, Property Management, Strata and Facilities Management, Building Management, Project Management and Meeting & Event Centre Management services. Our sales history in the commercial sector is outstanding, with RHCC being responsible for some of Canberra’s major sales transactions including the notable sale of the mixed use sites at Campbell 5 on behalf of the Land Development Agency selling for $63m in total, exceeding the reserve prices and expectations. Other noteworthy sales include the recent sale of 82 Northbourne Ave, City for $57.3m, the sale of Molonglo’s first Service Station site for $5.75m, Melbourne Building for $18.5m, and the sale of 6 National Circuit for $19.5m to name but a few. Our leasing and negotiating capabilities both locally and nationally has given Raine & Horne Commercial Canberra a reputation for excellence. Our clients include Telstra, Australian Taxation Office, Department of Defence, Land Development Agency, Dexus Property Group, Department of Finance, Gladiator Investments, Quintessential Equity, and Mirvac Group: to name but a few. This year alone, we have achieved some of the biggest leasing transactions; most notably leasing 24,500m² to the Department of Finance at One Canberra Avenue. On a National level we recently secured a leasing deal of 12,273m² for the Department of Human Services (DHS) at 130 George St, Parramatta and a 7,000m² leasing deal to Telstra at 66-80 Collins Street, Hobart. In 2012 we were awarded the DEXUS Property, “Transaction of the Year 2012” for our 10,833m² deal to Department of Regional Australia, Local Government, Arts and Sport (DRALGAS) at Garema Court, Canberra City. Our offices are centrally located at Kingston, near the Parliamentary Triangle, conveniently placed and easily accessible. The Raine & Horne Commercial Canberra office has been recognised at the Raine & Horne national Awards as the number 1 Office in the Australia Network for many years. RHCC was recognised by the Real Estate Institute of Australia (REIA) as Australia’s No.1 Commercial Agency of the Year 2012, on top of being the ACT’s No.1 Commercial Agency in 2003, 2005, 2006, 2008, 2009, 2010, 2011, 2012 and 2013. In addition, RHCC have been inducted into the REIACT ‘Hall of Fame’ for RHCC’s dedication and success in the commercial field. Our individual agents and property managers continue to dominate the Real Estate Institute awards, winning numerous awards in the past 12 years including No.1 Commercial Agent for the past two years. Nationally we can boast having the Real Estate Institute of Australia’s No.1 Commercial Agent 2015, No.1 Commercial Property Manager 2016 as well as Commercial Agency 2012. Our Director of Operations, Nick Cotis was recently awarded the REIACT No. 1 Commercial Sales Person 2016. Raine & Horne Commercial Canberra are members of the Property Council of Australia and Accredited Commercial Specialists with the Real Estate Institute of ACT. In dealing with an REI Accredited Specialist you have the added assurance of knowing that you are dealing with an agent that the Institute recognises as a specialist in their field of practice.
REIACT Commercial Agency 2003/05/06/08/09/10/11 & 12 Commercial Agent, Corporate Support, Commercial Property Manager 2015
Raine & Horne Commercial Canberra Collectively the Raine & Horne Commercial Canberra principal team has over 60 years’ experience and in particular in the Canberra marketplace. Our agents proficiency and experience, coupled with their remarkable local knowledge and innumerable contacts ensures clients can always expect the very best outcome. When engaging RHCC to sell your property, you will be getting a committed and skilled team of professionals. Our award winning experienced sales staff, support staff, administration staff and an in-house marketing department will work tirelessly to achieve the best possible result for you. We will promote your property to a vast amount of prospective buyers: locally, nationally and globally. This market-leading tool allows your property to reach more people, more effectively and efficiently, ultimately generating greater interest and a premium sale price. Concentrated marketing campaigns focus the attention of the market on each individual property, maximising exposure to qualified buyers. Raine & Horne Commercial Canberra offers a broad range of leasing capabilities, including exclusive leasing and pre-commitment strategies, market rental appraisals, sub-lease mitigation and property advisory services across all asset classes. From delivering consistent specialised advice, to negotiating the best possible deal on leased premises, or providing research and intelligence when assessing the market, our highly-trained industry experts know what it takes to achieve the right results. Our ability to provide strategic advice and to implement successful campaigns continues to reduce vacancy whilst adding significant value to our clients’ property portfolios.
Raine & Horne Strata Canberra Raine & Horne Strata Canberra was established in 2012 through a need in the market for a comprehensive Body Corporate service, encompassing strata, financial, general and facilities management services. Since its inception we have been successful in this niche market offering a holistic service based on 25 years’ experience in commercial and facilities property management. We are the first company in Canberra to provide specialised strata managers and facilities managers along with our experienced team of building managers. Raine & Horne Strata Canberra proudly manages buildings such as the Altitude Apartments, Belconnen; Landmark Apartments, Barton; Ambassador, Deakin; Realm Park, Barton; New Acton East and New Acton South, Acton; Axial and Friday Apartments, Kingston; Bridge Point, Lakefront, The Pearl and Gateway Kingston Foreshore, to name but a few. The main components of our Body Corporate Management Services are: • • • • • •
Specialised Strata Management and Specialised Financial Management including a registered BAS Agent; Specialised Facilities Management; Experienced Onsite Building Management; General Management; Maintenance service; Help Desk - 24 hrs, 7 days per week maintenance help line
All of our services are provided in-house. We do not outsource any of the above services.
Raine & Horne Property Management Raine & Horne Commercial Canberra are experienced Property Managers. We’re always working to ensure the lessor’s interest in their property is protected, including taking care of important tasks like maintaining the fabric of the building, enhancing the tenancy profile and maximising capital value. We pride ourselves on ‘proactive asset management’ – utilising our knowledge, experience and skills to boost your property’s overall performance and income streams. This may take many forms, including energy and lighting assessments, reconciliation of outgoings, renegotiation of competitive service contracts, internal relocation of incumbent tenants to create larger contiguous space opportunities, through to recognising and capturing revenues from signage rights, parking and other sources of income. Our Property Management Division works closely with our Sales & Leasing department to ensure your asset is always preforming at an optimum. RHCC provides an informed and pro-active service encompassing: • • •
Financial Management; Facilities Management; and General Management.
RHCC have a successful track record of providing high quality Property Management services for commercial property in the Canberra region. The Property Management Division of RHCC currently manages a property portfolio comprising in excess of 60 properties with an estimated market value of $400 million. We are committed to ensuring that commercial property owners enjoy a standard of service commensurate with their requirements.
Raine & Horne Canberra Team Frank Morella Managing Director
Accounts
Office Support & Administration
Commercial Sales & Leasing
Fiona Cooper
Chantelle Hirst
Nick Cotis
Office Manager & Accountant
Commercial Office Administrator
Lead Sales & Leasing Executive
Hesam Noori
Charmian Harris
Commercial Financial Manager
Strata Office Administrator
Holly Gullet
Vesna Jovic
Strata Financial Officer
Events & Auction Coordinator
Frank Giorgi Sales & Leasing Executive
Michael Burke Sales & Leasing Consultant
Gen Ericson Marketing & Communications Coordinator
Property Management
Strata
Alison Majdandzic
Robert Craven
Senior Property Manager
Senior Strata Manager
Julian Glover
Peter Majdandzic
Property Manager
Senior Facilities Manager
Building Managers
Ken Rood
Burnie Monaghan Jacquelyn Lazarus Property Manager
James Sheldon Strata Manager
Brian Sheather
Kevin Burt Mal Douch
Konika Elphick
Facilities Manager
Strata Manager
Richard Rapson
David Thomas
Andrew Cormack
Facilities Manager
Kevin Kesby Chris Williams Facilities Manager
Sales Experience Raine & Horne Canberra have extensive experience selling all types of commercial properties as evidenced by the following examples of our major sales transactions over the past 10 years:
Campbell 5 - $63m RHCC successfully marketed and sold at auction earlier this year, five sites at Campbell on behalf of the LDA. The sale of the sites totaled in excess of $63m selling way above their reserve prices. The five sites ranged in size from 2,095m2 to 7,020m2, and were for mixed use, residential and commercial development, with three sites being suitable for a hotel and serviced apartments.
82 Northbourne Ave, Braddon - $57.3m Sold 2016 for $57.3m to a National Super fund. 82 Northbourne Avenue a 7 level plus 3 basement car-parking levels was sold by RHCC in 2009 for $44 million to a local investment company.
Weston Creek Service Station Site - $5.75m Molonglo Valleys first service station site sold at Auction well above the reserve price. The site was sold to a Sydney company who own several service stations.
6 Brisbane Ave, Barton - $13.5m RHCC were involved in the sale of the building to an interstate investor for $13.5m.
Melbourne Building, Canberra City - $18.75m The historic Melbourne Building, one of Canberra’s first commercial buildings built in 1929 was sold to a large investment corporation by RHCC for $18.75 million.
6 National Circuit, Barton - $19.50m ‘A’ grade six-storey free standing office building of 6,256m2 NLA was sold by RHCC for $19.25 million. Located in a prestigious Barton address with commanding views of Parliament House the new building was sold to a Canberra based development and construction group.
4 Mort Street, Canberra City - $14.75m Sold to a private investor. The result came out of an extensive 12 month campaign focusing on local and national investors, coupled with RHCC securing a lease to Commonwealth of Australia.
Fyshwick, New Land Release Section 88, 89 & 90 - $13.5m Raine & Horne Commercial Canberra (RHCC) successfully sold in Fyshwick a new land release, that went to Auction in November 2010, February, 2011 and June, 2011 on behalf of the Land Development Agency. The sale prices for the fifteen sites ranged from $.60m to $1.2m totaling $13.15m.
Aviation House, Woden - $ 74m Sold by RHCC for $74m
Flemington Road, Franklin - $11.07m RHCC has had success in selling 3 x multi-unit sites on Flemington Road with a total capacity of 335 units. Each site contained the potential for approximately 100 units. The scale of the project suited the mid to large range developers or consortium groups. The success of the sale was dependent on us having a full understanding of the residential market in the area including value of individual units.
Harrison 4. ‘Affordable Land Release’ - $13.11m This project consisted of 3 x multi-unit sites and 10 x affordable lots consisting of 58 blocks. Total value sold of the multi-unit sites was $5.4 million and the 10 x lots $7.77 million.
Anketell Street, Greenway - $5.0m This was a 2,900m2 site with the capacity to construct up to 19,840m2 GFA. The site had a broad purpose clause but was sold to a developer who is constructing multi-units. The site was sold for $5 million.
Wright - $2.77m RHCC successfully negotiated the sale of 1 x high density multi-unit development site, 5627m2 for $2.77 million in Wright on behalf of the LDA.
Coombs - $3.1m RHCC sold a multi-unit development site for $2.77 million in Coombs on behalf of the LDA.
NDH Property Group (3 Buildings) - $40.0m RHCC successfully sold on behalf of NDH property group, three buildings: Swanson Plaza Belconnen, NLA of approximately 4757m², Juliana House Woden, NLA of approx 6643m² and 8–10 Hobart Place Canberra City NLA of approx 4731m². All three buildings were sold to GE Property Group.
Griffith, Block 14 Section 25 (cnr of Canberra Avenue and Giles Street) - $7.65m This sites purpose clause had the capacity for office as well as residential use. The site was sold for $7.65 million and is now the East Hotel, serviced apartments.
50 Emu Bank, Belconnen - $1.2m On behalf of the Land development agency (LDA) sold 50 Emu Bank for $1.2m to a private consortium.
North Weston - $11.7m RHCC marketed and sold an englobo residential site in North Weston for $11.7m. The site was 14 HA with the capacity for 100 residential sites and a requirement to incorporate 15% of the sites as ‘affordable’. Sold on behalf of the ACT Government, Land Development Agency (LDA).
Scrivener Building, Fernhill Park Bruce - $9.50m RHCC negotiated the sale of a 4,506m2 office building known as the Scrivener Building for $9.5m. The building is located in Canberra’s North West, 7km north of the Central Business District of Canberra.
Leasing Experience Raine & Horne Canberra have extensive experience leasing all types of commercial properties as evidenced by the following examples of our major leasing transactions over the past 10 years:
Garema Court, Canberra City 10,833m2 building consisting of 7 level of office space and ground floor retail. Office component leased to Department of Regional Australia, Local Government, Arts and Sport (DRALGAS) by RHCC. This deal won RHCC the DEXUS “Transaction of the Year 2012� Building Owner: DEXUS Property Group
243 Northbourne Ave, Lyneham Owner: Cromwell Property Group 1,150m2 lease to Blood Authority, 998m2 to Care Australia
14 Moore Street, Canberra City
13 storey CBD Office Building, owned by DEXUS Property Group RHCC successfully leased 10,970m2. Comcare: 6,401m2, ATO: 3,476m2 & CapGemini: 1,093m2 Quintessential Equity purchased the building with significant vacancy, which has subsequently been leased by RHCC.
73 Northbourne Ave, Canberra City Owner: Bennelong Total building: 6,138m2 Leased to: AFMA: 3,541m2 & Dixon Advisory: 2,597m2
Aviation House - 16 Furzer St, Phillip Total building 14,659m2 Owner: Mirvac RHCC leased to Child Support Agency: 2,663m2 CASA: 8,004m2 APSC: 3,992m2
130 George Street, Sydney CBD Office Building, owned by DEXUS Property Group. RHCC successfully leased 12,000m2 to HIC: 7,000m2 & CSA: 5,000m2
121 Marcus Clarke Street, City 121 Marcus Clarke is a uniquely designed office building, consisting of more than 26,000m2 plus 11 levels and an abundance of basement car parking with more than 600 spaces over four levels. Owned by MTA. RHCC leased 15,865m2: Comcare (8,824m2), Ernst & Young (2,806m2) ISIS (1,415m2), ANU (1,400m2), ARIA (1,420m2)
1 Canberra Avenue, Forrest Owner: Willemsen Group RHCC Have successfully leased 24,500m2 to the Department of Finance, occupied March 2016 This deal consolidates the Department into a single building. This transaction was negotiated at a time when the Commonwealth Government was looking for considerable budget savings which resulted in widespread public service job cuts.
12 Moore Street, Canberra City CBD 13 storey Office Building, Owner: AMP Capital RHCC leased 8,000m2 to the ACT Government.
Burns Centre - 28 National Circuit, Forrest Owner: DOMA Group 2,206m2 Lease to the Department of Finance and Deregulation
66-80 Collins St, Hobart TAS Owner: DEXUS Property Group 7,000m2 lease to Telstra
10-12 Mort Street, Canberra City Owner: GPT
14,500m2 lease to DEEWR
4 Mort Street, Canberra City Owner: Gladiator Investors. 5,467m2 building spanning over 6 levels. 100% Leased, with a Commonwealth Government tenant in place. 11% Net return.
82 Northbourne Ave, Braddon Owner: Northbourne Holdings Leased 6,853m2 to AMSA
2-6 Bowes St, Phillip Owner: Quintessential Property 10,890m2 leased to the ACT Government RHCC oversaw a complete full upgrade and refurbishment to this older-style building. *In conjunction with Colliers International
220 Northbourne Ave, Braddon Owner: NDH 2,567m2 Lease to SafeWork Australia
44 Sydney Ave, Forrest Owner: Quintessential Property Group 7,362m2 lease to the Department of Foreign Affairs & Trade ACT Government *In conjunction with Colliers International
1 Woniora Rd, Hurstville NSW Owner: Trafalgar Corporate 14,700m2 lease to Australian Taxation Office
255 London Circuit, City Owner: Canberra Property 12,000m2 lease to Ausaid
Commercial Management RHCC have a successful track record of providing high quality property management services for commercial property in the Canberra region. The Property Management Division of RHCC currently manages a property portfolio comprising in excess of 60 properties with an estimated market value of $400 million. We are committed to ensuring that commercial property owners enjoy a standard of service commensurate with their requirements. This has been proven with the following properties that form part of our management portfolio. These include :
• Telstra Tower, Black Mountain
Raine & Horne Commercial Canberra are the Property Managers, Facilities Managers and Conference Centre Managers of Telstra Tower. Telstra Tower is a 24 hour 7 days per week operation. Owner/Client: Telstra
• 4 Mort St, Canberra City
6 Storey office building of 5,467m2
• Griffin Centre, Canberra City
The Griffin Centre is a 4,500m2 Community Centre with office and conference facilities. Owner/Client: ACT Government
• 8-10 Hobart Place, City
Hobart Place is a 4,748m2 office building. Owner/Client: CC Nominees Pty Ltd
• 17-21 University Ave, Canberra City 7 storey office building of 3,890m2 Owner/client GDI No27 Pty Ltd
• University House, 1 Geils Crt, Deakin 2,000m2 Office Building Owner/Client: Universities Australia
• Lakeview Square, 153 Emu Bank, Belconnen
Lakeview Square, comprises of 5 buildings with a NLA of 10,539m2. Consists of a mix of retail tenancies and commercial offices Owner/Client: NDH Property Group
• 14 Moore St, City
11,124m2 office building. Owner: Quintessential Property Group
Strata Property Management Raine & Horne Strata are an all-inclusive specialist Body Corporate Service, incorporating expert Strata, Facilities and Building Management all under the one roof. Below are some examples of the properties we manage:
The Ambassador - Deakin Raine & Horne Strata are the appointed managers of ‘The Ambassador’ providing services of Owner Corporation Manager, On-Site Manager and Facilities Management. The Ambassador consists of 4 blocks of apartments ranging from 4 to 6 floors and basement car-parking. In addition there is a large building reception which includes recreational entertaining area and conference room facilities. The complex also includes high- quality landscape gardens.
Landmark Apartments, Barton The Landmark residences are located on the fringe of Parliamentary Triangle with many of the units having views of Parliament House, the City Centre and Lake Burley Griffin. Landmark apartments consist of 282 apartments, a gymnasium, underground parking and extensive landscaped gardens. We provide Body Corporate and Strata Services as well as a full time on-site Building Manager.
New Acton South New Acton South (The ApARTments) is an 18 storey residential tower with ground floor retail. The building includes a gym, boutique cinema and rooftop gardens. New Acton South also has an active arts program that changes periodically. We have an on-site Building Manager and part-time and full time cleaners.
New Acton East New Acton East is Canberra’s most awarded mixed-use development, consisting of 35 high end apartments, retail and commercial spaces. It is a high quality complex and located in the prestige New Acton precinct.
Bridgepoint - Kingston Raine & Horne Strata are appointed to undertake the management of Bridgepoint, Trevillian Quay, Kingston. Bridgepoint is a prestige development located on the Kingston Foreshore, with spectacular views across the lake and to the city. Bridgepoint consists of residences, 1, 2 and 3 bedroom apartments, and penthouse suites.
Altitude Apartments - Griffith description
Sky Plaza - Woden Sky Plaza is a 20-storey residential tower complex that includes a private podium-level garden for residents, street-level commercial space and underground car parking.
Friday Apartments - Griffith This development comprises of forty five apartments with one level basement and three floors.
Southport - Greenway This new development in the heart of Canberra’s south includes 356 modern, high-end apartments and multiple commercial spaces.
Other Raine & Horne Strata Managements include: •
Kingston Place - Kingston
•
Maryborough St - Fyshwick
•
Braybrooke St Apartments - Bruce
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The Prince - Kingston Foreshore
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Omnia Apartments - Hughes
Contact Details Raine & Horne Commercial Canberra
Raine & Horne Strata Canberra
p: 02 6239 6888 e: enquiries@rhccanberra.com.au w: rhccanberra.com.au a: Level 1, 22 Giles Street Kingston ACT 2604
p: 02 6295 6888 e: reception@rhcfact.com.au w: rhccanberra.com.au a: 2 Kennedy Street Kingston ACT 2604