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Case Study Industrial: 23-27 Bourke Road, Alexandria

2327 Bourke Road Alexandria1536x1040

Our experts invested in our relationship with our key private client to deliver enduring value.

 

Challenge

Our Colliers Sydney South experts have worked closely with our private client for the recent sale at 23-27 Bourke Road, Alexandria. We’ve transacted the property three times off market in the past 36 months, our Real Estate Management Services experts manage the estate, and we have leased every unit in the premises multiple times. We were recently tasked with the request to transact the premises, which is a sizable parcel of land at 8,089sqm with a DA approval for 15,000sqm.

Our expert Michael Crombie, Director-in-Charge of our Sydney South team, put together a comprehensive strategy designed to deliver a fantastic result for our client.

Strategy

Located on a prominent corner block on Bourke & Bowden Streets in Alexandria, we put together an off market strategy that would maximise the value of the property and achieve an incredible result. Utilising our best-in-class data and known relationships we sought to position the offering as the most dynamic commercial pre lease site within the South Sydney market. The strategy encompassed off-market negotiations to ensure the buyer understood the opportunity and we maximised the price.

Result

We were successful in transacting the property for $52,500,000 to a private client . We also were successful in our appointment for the commercial pre-lease opportunity with our Office Leasing experts for the 15,000sqm commercial development.

Our private client was thrilled with the result and commented, ‘Michael, you always deliver above expectations, we have enjoyed your trust, great ideas and delivery on completing all facets of property.

At Colliers, we maximise the potential of property to accelerate the success of our clients and our people. To learn more about this transaction, contact Michael Crombie.

Testimonial

“Michael, you always deliver above expectations, we have enjoyed your trust, great ideas and delivery on completing all facets of property.”

Owner of 23-27 Bourke Road, Alexandria


Related Experts

Michael Crombie

National Director | Property Sales & Leasing

Industrial

Sydney South

Michael is the National Director of Property Sales & Leasing at Colliers International and also holds the role of Director in Charge for the Sydney South office. Based in Mascot, Michael's team of eleven agents is one of the highest performing teams in Australia.

Since joining Colliers' in 2001, Michael's specialisation is core South Sydney, with a heavy focus on large transactions of land, investments and residential sites as well as large leasing mandates. Michael has worked on some of the largest deals in industrial history, including a recent transaction at Carter Street Homebush for over $660 million. 

Working in a changing and often challenging market Michael prides himself on providing creative agency solutions to his clients. keeping ahead of the trends, leveraging off Colliers' industry leading platforms, to ensure his clients achieve better results, faster.

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