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Case Study Industrial: 622-626 Port Road & 2-4 Jeanes Street, Beverley

622626 Port Road  24 Jeanes Street Beverley1536x1040

Maximising the potential of property to drive exceptional results for our valued client

 

Challenge  

Our Colliers Industrial expert Paul Tierney was appointed to sell or lease 622-626 Port Road & 2-4 Jeanes Street, Beverley by an Expression of Interest (EOI) campaign. Owned by Precision Components Australia Pty Ltd the property is a prime corner site offering 8,626sqm of building area available. The site was entrusted by the client who had used the facility as the businesses manufacturing home since the1980’s. Our challenge with leasing and selling the asset was to ensure we secured the tenant and purchaser as the negotiations were being protracted due to changing market conditions. 

Strategy  

The team put together a complete marketing strategy that ensured throughout the EOI  campaign key enquiry was captured. This comprehensive marketing strategy included a mix of digitally-led and  offline marketing items being used to cover all requirements within the market looking to either lease or purchase property.  Signboards captured enquiry through the exposure on Port Road and East avenue, along with web listings and email marketing that tapped into the Colliers extensive database. The marketing strategy combined with the overall persistence and local knowledge the Colliers team had allowed for continued negotiations within the uncertain climate of the market at the time due to changing conditions. 

Result 

We were successful in leasing 2-4 Jeanes Street to Dulux Group Australia Pty Ltd on  favourable terms of 6+5+5 years. With the balance 622-626 Port Road sold to a local  private investor/developer with  vacant possession. The sale comprised a leased portion and vacant portion and provides the new owner with secure long-term income as well as the opportunity to refurbish or redevelop the balance of the site. Our experts used professionalism and  resilience throughout the process to do what is right for the client, maximise the potential of their property and drive exceptional results. 

Testimonial

"I would like to acknowledge the efforts and professionalism provided by Paul Tierney & his team in the sale of my asset in Beverley. The team at Colliers has proven their resilience and resolve over this process and demonstrated that they are a trusted advisor."

Mat Fitch
Director
Fusion Capital Holdings


Related Experts

Paul Tierney

National Director | Industrial

Industrial

Adelaide

Paul has been in the real estate industry virtually his entire working life, from his initial role in a small firm in Somerset, England to completing his degree in London and working there for 7 years before emmigrating to Australia in 2000. Paul has made Adelaide his home since emmigrating and have dedicated his career to the industrial sector focusing on agency, advisory and development projects of all sizes. Paul has been involved in several memorable projects including large land divisions, estate development, investment sale and tenant and purchaser advise. He has represented a wide range of clients from private landlords and investors to corporate and instituitional clients, and offers a broad spectrum of advice and service. Paul prides himself on service excellence and a "can do attitude".

2009 - Present - Director Industrial

2006-2009 - Associate Director Industrial

2000-2006 - Manager Industrial  - (CBRE)

1995-2000 - Surveyor - Kenningtons (UK)

1993-1995 - Surveyor - Robert Irving & Burns (UK)

1988-1991 - Junior Surveyor Humberts (UK)

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