Harbourside Building150 The Strand, Tauranga

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  1. image_harbourside building

Project Details

  • Project Name: Harbourside Building
  • Client: PF Property Holdings Limited
  • Location: 150 The Strand, Tauranga
  • Completed: 31st August 2015
  • Key Tenants: Harbourside Restaurant, Associated Realty
  • Key Veros Team Members: Paul Kilsby – Property Advisor
    Duarne Lankshear – Director

Brief

Veros was engaged to reposition the Harbourside Building by PF Property Holdings before sale.

Overview

The property had a number of impediments before a favorable outcome in the sale process could be achieved. This included a new CMA Resource Consent, a new roof, a partial floor replacement, a building facelift, the renegotiation of all the leases and the carpark agreement with the city council, and the full recovery of outgoings from the tenants.

Outcomes

Veros successfully renegotiated the leases and OPEX recovery with the tenants and the carpark agreement with the city council. Veros project managed the roof replacement, building facelift and partial replacement of the floor and managed the CMA Resource consent process. This provided a substantial lift in the building value and the successful sale of the property for the client.

With our reputation for minimising obstacles and maximising returns you’re in very good hands.