Repositioning LFR Centre Through Management – Greyfield

Repositioning LFR Centre Through Management

Client Name

Homemaker Centre

Location

Sydney, NSW

Required Service

repositioning

Completion Timeframe

12 months

Old Tenant

–

New Tenant

–

The numbers

Old Value

$26,000,000

New Value

$34,000,000

Surplus Value Created

$8,000,000

Surplus Additional Income Created

$400,000 p.a.

additional tenancies added

–

How we did it

Renegotiating Leases and increase tenure
Forensic auditing of historical management
7 year rent review backdating
Implementing lease market reviews
Collecting 7 years of outgoings not charged
Creating centre brand and community activation and engagement
Using data to drive more traffic to the centre
Visitation reporting to track consumer movement
Tenancy harmony plan
Adding additional specialised tenancies on surplus land

More Case Studies

Shopping Centre Rescue & Transformation

Reposition and Outperforming The Market Rates

Industrial to Retail Reposition Driven by Data on Highway Site