Established in 2002, Lease Equity is celebrating five years of adding value to their client’s assets through specialised asset management, leasing, sales and consultancy services.
Many major national and international companies have entrusted Lease Equity with their property assets including AMP, Clough, Coles Group, Deutsche Bank, Doric, Elderslie Group, ISPT, Multiplex, Perron Group, Pivot Group, Primewest, St Martins Properties and Woolworths.
Some of Lease Equity’s major achievements during this time include:
•The successful leasing of the Whitford City Shopping Centre expansion, incorporating a $100 million upgrade and 120 new shops;
•The $26 million acquisition and subsequent $6 million redevelopment of Plaza Arcade;
•The $45 million development of Cockburn Gateway Shopping City, introducing a larger Woolworths Supermarket, Big W and over 100 additional specialty stores;
•The $10 million redevelopment and extension of Livingston Marketplace to include Big W and an additional 35 shops;
•The $22 million redevelopment of the Waterford Plaza Shopping Centre, extending the complex to over 14,500sqm of retail space;
•The $12 million redevelopment and extension of the Ocean Keys Shopping Centre to include a K-Mart, Woolworths and 30 specialty;
•The redevelopment of eight neighbourhood Shopping Centres including several national supermarket chains and specialty retailers with an end value of more than $60 million;
•Over $35 million in annual rental being achieved on behalf of Lease Equity clients throughout the Perth CBD malls.
Lease Equity’s substantial Property Management business includes a stable of over 20 Shopping Centres, warehouses and retail strip shops with over 1,500 tenants.
Lease Equity achieves the best outcome and applies the right solutions no matter what challenges the market imposes, according to Managing Director Jim Tsagalis.
“Our philosophy is that the advice and work we provide can always be measured in the value we help create for our clients,” Mr Tsagalis said.
The business specialises in adding value to property by undertaking rigorous asset management, which is overseen by a diligent and highly educated property team.
Lease Equity has grown to be WA’s leading retail property company. It employs 25 people and has been growing at about 20% per annum, and managed to sustain the high quality outcomes throughout this process.
“We have invested heavily in research and staff training and this will hold us in good stead for the opportunities we see ahead.” Mr Tsagalis said.
“We believe there is a number of further defining opportunities in the market, that we are well placed to take advantage of, and add value on behalf of our clients.”