Case Study

316 Adelaide Street

316 Adelaide Street

The Opportunity

In 2016, a long-term anchor tenant of 316 Adelaide Street relocated to a purpose-built headquarters. Seeing this as an opportunity to reset their portfolio, the lessor engaged Trident to develop a strategic plan to revitalise the asset, which they acquired in 2012. At the time, the building had a large number of vacancies and was in need of a refurbishment.

Trident developed an asset management plan and a clear path for moving forward to reposition the building for future leasing opportunities.

In this plan, Trident looked at what was required to refresh the building, mapped out what the ideal tenant looked like and the associated capital expenditure required to put everything in place.

The Results

When the team commenced working with the owners of 316 Adelaide Street, the building was 10% occupied. Within three years, the asset is now 90% occupied and has increased in value by 15%. The implemented changes assisted in attracting a number of well-known brands and multi-national tenants. Trident’s advice ranged from the redesign of the entrance to key ways to uplift the value of the property. Trident also look after the Asset Management, Property Management and Facilities Management of the building.

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With over 37+ years of experience in commercial real estate, we’re able to offer specialised advice & tailored solutions to your requirements. Get in touch with a member of our team today for a complimentary chat.

Benefits of choosing Trident Property Advisory over the competition

Understanding of the local market

Trident Property Advisory will always act in the best interests of the building owner. If required to lease vacancies, we will seek out the agents most capable, whether from Trident or another firm, to co-ordinate a leasing campaign that achieves the best results. Trident has developed a comprehensive and extensive network of property owners and industry contacts that allow us to be agile and swift in putting the right parties together to create successful outcomes. We pride ourselves on being at the forefront of marketing and technology strategies that help represent you as a property owner in a professional and engaging manner.

Director Shaun’s experience and commitment to creating a vision that places your needs front of mind

True success is delivered through professional tenacity and genuine team collaboration. This philosophy drives Shaun, inspires his team, and fuels the confidence and respect of his clients. Shaun has over 37 years’ experience, now leading Trident as Managing Director. He saw tremendous potential to turn Trident into a leading real estate firm focused on building solid long term client relationships, and dynamically pursuing property deals that would set the company apart from other real estate businesses. Shaun gained his extensive experience by being part of some of Brisbane’s most complex developments, and managing a prolific number of transactions across the private and commercial real estate sectors.

NOTABLE PROPERTY MANAGEMENTS

“Ben Sikalas’ passionate belief in our offering led to seven externally introduced leasing deals concluded in a 12-month period”

Rhett Williams, Chief Executive Officer, RG Property Group

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