Case Study
316 Adelaide Street
316 Adelaide Street
The Opportunity
In 2016, a long-term anchor tenant of 316 Adelaide Street relocated to a purpose-built headquarters. Seeing this as an opportunity to reset their portfolio, the lessor engaged Trident to develop a strategic plan to revitalise the asset, which they acquired in 2012. At the time, the building had a large number of vacancies and was in need of a refurbishment.
Trident developed an asset management plan and a clear path for moving forward to reposition the building for future leasing opportunities.
In this plan, Trident looked at what was required to refresh the building, mapped out what the ideal tenant looked like and the associated capital expenditure required to put everything in place.
The Results
When the team commenced working with the owners of 316 Adelaide Street, the building was 10% occupied. Within three years, the asset is now 90% occupied and has increased in value by 15%. The implemented changes assisted in attracting a number of well-known brands and multi-national tenants. Trident’s advice ranged from the redesign of the entrance to key ways to uplift the value of the property. Trident also look after the Asset Management, Property Management and Facilities Management of the building.
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BENEFITS OF CHOOSING TRIDENT PROPERTY ADVISORY
Understanding of the local market
Trident Property Advisory will always act in the best interests of the client. In Leasing we will seek out the agents most capable, whether from Trident or another firm, to co-ordinate a leasing campaign that achieves the best results. Trident has developed a comprehensive and extensive network of property owners and industry contacts that allow us to be agile and swift in putting the right parties together to create successful outcomes. We pride ourselves on being at the forefront of marketing and technology strategies that help represent the property owner in a professional and engaging manner.
Experience and commitment to creating a vision that places your needs first
True success is delivered through professional tenacity and genuine team collaboration. This philosophy drives Trident and fuels the confidence and respect of our clients. Trident is a leading property advisory firm focused on building solid long term client relationships, and dynamically pursuing property transactions that set the company apart from other real estate businesses. The Trident team has extensive experience and has been involved in some of Brisbane’s most complex developments, and has managed a prolific number of transactions across the private and commercial real estate sectors.
