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DunningCo, a private investor who owned a large commercial site in South Sydney, was considering how to effectively capitalise on rising property prices caused by the low interest rate environment and the gentrification of Green Square.

Trident Real Estate Capital was engaged to develop a strategy with the primary purpose of advising on the highest and best use of the land while considering our client’s risk/return parameters.

The team analyzed the financial, design and construction viability of various options, including redeveloping the site into a mixed-use development project, disposing of the property or retrofitting the commercial asset to improve the rental yield.

Following an objective appraisal of the various financial and non-financial issues, we were instructed to use our expertise and experience as development managers to support the client through the design process. Trident Real Estate Capital worked with award winning architects on the design layout and apartment mix for the project, considered the most cost effective structural systems in tandem with our engineers and examined contamination risk and cost implications by arranging the preparation of a detailed site investigation report along with a remediation action plan.

The team effort culminated in the lodgment of a development application and, following a relatively short assessment period, being granted development consent by the City of Sydney. Our client was in a position to commence building a mixed-use, six level commercial and residential complex with underground parking or to enjoy an optimized exit value by disposing of the site with a valuable development approval.

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