Beyond Expectation

Beck Advisory is a Development and Asset Management company specialising in commercial property throughout Western Australia. The Cloisters development incorporates 30,000sqm of office space (consisting of Cloisters QBE House – 19,000sqm and Cloisters Hay Street Tower – 11,000sqm) and 2,273sqm of retail. The retail component of Cloisters has undergone a complete refurbishment including a widening and realignment of the malls to provide a consistent north-south thoroughfare for pedestrians.

Lease Equity was appointed on behalf of The Perth Diocesan Trustees to undertake the master planning, retail leasing and related consultancy for the retail component of the development.

By way of background Primewest Management Ltd is a well recognised wholesaler syndicator and developer dealing in realty and owns, and controls and manages a portfolio of over $850million in commercial, bulky goods and retail properties throughout Australia.

Lease Equity has always provided advice based on sound property management and leasing fundamentals. They have also been prepared to offer advice on how to enhance the value of our assets including offering predictive advice in relation to market trends.

From the first day of Jim’s involvement it has been a pleasure to deal with such an honest, straight forward and professional individual. His knowledge of the retail market locally and nationally cannot be surpassed and his relationship with both owners and tenants on a local and national basis is second to none.

On a personal note over the period of our involvement I am pleased to say that Jim Tsagalis has become one of my Perth friends.

Our family investment companies own a number of properties including two in the Hay St Mall.

Whilst we manage these properties ourselves, we use Lease Equity’s services for providing strategic advice and undertaking the leasing.

ISPT is one of Australia’s largest and best performing unlisted property funds with over $7 billion of funds under management.

In Western Australia the fund owns a number of properties including Forrest Chase Shopping Centre in the Perth CBD (housing Myer and a further 50 specialty tenants), and enex100 which is Perth’s premier CBD retail and commercial property. enex100 is anchored by Woolworths and JB HiFi, features an up-market Food Court, and showcases a number of Australia’s leading fashion designers incorporating 45 specialty stores and over 30,000 m² of office space in the tower.

Lease Equity were engaged to provide consultative advice and project lease 255 Murray Street Mall.

They set new benchmarks for properties on the Murray Street Mall and introduced two international tenants on long term Leases, and on other financial terms in excess of our expectations.

Lease Equity were involved in the master planning and project leasing of Waikiki Village Shopping Centre on behalf of Westgate Property Investments when it was first developed.

Whilst this occurred prior to my engagement at Westgate, I understand that the Centre was fully leased with a tenancy mix in keeping with our investment criteria, and provided an outstanding mix of tenants.

Lease Equity provided leasing advice in the planning and delivery of the retail component at Brookfield Place Perth.

They demonstrated exceptional commitment and enthusiasm in the 5 years they were appointed on the development. They provided advice in the preparation of the retail mix, leasing strategy and feasibility and also worked on the retail leasing campaign and final delivery of the precinct. Brookfield Place Perth has over 86,000m2 of Premium grade commercial space and contains over 40 retail units including high-end Food and Beverage, Fashion outlets, a Café Court, Service Retail, Gymnasium and a Child Care Centre. The development has reorientated the Perth CBD and is a key asset in the Brookfield global portfolio.

The Lease Equity team made a significant contribution to redevelopment of the iconic Allendale Square through their market knowledge, industry connections and delivering on the hard work that is needed to secure tenants in a challenging retail market.

The Underground will become one of Perth’s premier food precincts and securing high calibre tenants for the new restaurants on St Georges Terrace has set Allendale Square apart from all other Perth CBD office buildings.

Beck Advisory is a Boutique Asset Management company specialising in the development of commercial property throughout Western Australia. Beaux Lane was initiated by us as part of an urban renewal project and we appointed Lease Equity to undertake the leasing and related retail consultancy of the Lane.

From the outset, Lease Equity’s advice was consistent with the prevailing market conditions which has greatly assisted in establishing a range of high quality and diverse tenants to this new suburban development.

I have been a client of Lease Equity since its inception. The impact of their involvement is almost immeasurable.

Jim Tsagalis, the Managing Director, is very approachable and has always given me sound advice in every area of finance, property acquisition, property disposal and advice regarding loans. He is completely trustworthy and brings a level of strategic and tactical thinking rarely seen in the field.

We write to express our sincere appreciation of your efforts in bringing the sale of the above property to a successful conclusion following a very strategic and relevant Public Auction campaign.

As you are aware we sought advice from a number of Agents, however it became apparent from the advice received that Lease Equity was clearly in touch with the market, the active investors within our asset class and had the capabilities to deliver on the marketing recommendations presented.

I want to thank Jim Tsagalis of Lease Equity for all the good work he has done for us in the past and in finding a good tenant for us in these difficult rental times. I know Jim travelled to the east coast on many occasions to find a tenant and always kept me up to date on a potential tenant. After much work on Jim’s part, a good tenant has been found. I am grateful for Jim and finding and vetting a tenant for me and to Lease Equity for managing the property in such a professional manner. I cannot value their professionalism enough.

As the founder and Managing Director of Gelare International, I have been involved in property and commercial leasing throughout Australia, Asia and the USA over the past two decades. We have now established 35 outlets and several offices in those countries.

I was introduced to Lease Equity when leasing a new Gelare store in Perth a couple of years ago. I was extremely impressed by their professionalism and knowledge of the market that I appointed them to lease and manage my own retail property.

Our involvement with Lease Equity goes back to 2006 when we appointed the company to undertake a tenancy review of one of our Neighbourhood Shopping Centres. Lease Equity was appointed leasing agents and subsequently managing agents of the centre.

The team at Lease Equity has utilised their extensive retail knowledge to enhance the value of the property through the implementation of an effective tenancy mix strategy and minimisation of expenses without having a detrimental effect on the asset.

I have been involved in Property Development for the past 25 years, having developed Bulky Goods Centres, Office Developments and Retails Complexes.

We engaged Lease Equity to undertake the master planning, leasing and ultimate property management for the Haynes Shopping Centre. The master planning, predictive modelling and analyses of the development potential for our site has been exceptional.

The Atzemis Group is a family owned company specialising in real estate investment. We own or control sub-regional shopping centres, CBD Hotels, have undertaken land sub-divisions, prime CBD retail properties and suburban neighbourhood shopping centres.

We have been involved with members of the Lease Equity team for over 20 years and used their services since the Company’s inception. We have the highest regard for their ability to understand all phases of a property’s life cycle including development and complex property dealings across the spectrum of all asset types and classes. They have acted on our behalf as development managers, project leasing and property managers. They have also sold properties in excess of $50M of real estate on our behalf, dealing with complex real estate transactions resulting in outstanding outcomes for us.

Lease Equity was engaged to assist Cbus Property in repositioning the one40 William Street in Perth Western Australia. The development is 48,544.80 sqm incorporating 4,544.8 sqm of ground floor.

The project was developed and launched in 2012 and the retail component required a significant repositioning.

On behalf of the owners of the Secret Harbour Shopping Centre, I would like to congratulate Lease Equity on the work your firm has undertaken at Secret Harbour Shopping Centre.

From the initial feasibility to project leasing and the management of the shopping centre, your staff have displayed great professionalism and achieved outstanding results.

The Elleo Group began in hospitality in 2009 with it’s first venture People Café Espresso.

Since then Elleo Group has opened an additional 5 People Café Espresso’s, 10 Japanese sushi bars under the banner Sushia, and two flagship restaurants in Perth and Sydney named Sushia Izakaya & Bar.

As a first time shopping centre developer the insights and in-depth knowledge of shopping centre development and management provided by Lease Equity was invaluable.

I would have great confidence in working with the Lease Equity team in the future, and would have no hesitation in recommending Lease Equity.

My association with Lease Equity has been a happy one, and their advice on adding value and innovative approach to asset management has been outstanding. Hence I have no hesitation in recommending their services to anyone with real estate interests.

I have always found their management team easily contactable and pleasant to deal with. They are also quick and efficient. Having my properties under one manager has the advantage of not constantly having to re-explain the history of my properties to different or changing managers which I had experienced before.