Strategic Asset Management in NSW

Specialising in distressed assets and transaction management, we provide optimum solutions and deliver tangible benefits to the client or financier (as mortgagee in possession or administrator) through outstanding researched advice, selection and rigorous management of key legal and consultant services and accurate reporting of the disposal process. This may include completing the project, winning final approvals and securing key tenants necessary to significantly increase the final gross realisation within the conditions of market cycles.

Typical services include:

• Preparing asset management strategies to ensure seamless handling and running of the asset
• Applying strategies for effective and efficient management and securing strong tenants to ensure maximum returns to the client
• Shortlist on and off-market acquisition options and prepare a competitive bid
• Extracting the maximum from mortgagee-in-possession property assets to salvage returns for lenders
• Rigorous due diligence and providing accurate reporting up till disposal
• Devise terms and conditions to limit Client risk and manage the due diligence and legal process

We secure select tenants on a pre-commitment basis to appoint and manage the project branding, key marketing leasing, and sales agents to ensure project success. We are cognizant of the need to avoid conflict of interest and declare any potential issues as they arise.

Palladium is appointed by the Mortgagee In Possession to provide its strategic asset management expertise to ensure the disposal of residential and retail strata distressed assets. Comprises selecting and coordination a team of consultants, managers and agents, ongoing advisory to the bank on sales and leasing transactions, budgeting and financial reporting, review of leasing and sales offers and negotiation, management of small works and acting on behalf of the bank’s interest in the Executive Committee Meetings.

As a primary consultant, Phillip Hoare worked with the developer and the bank to successfully sell the close-to-completion commercial office and retail development on the market. Provided advisory assessment and strategic advice, technical feasibility on extending floor area with a penthouse, negotiated with major tenants, managed the sales marketing campaign and negotiated with the purchaser to secure successful disposal.

Palladium provided their expertise to secure a leading fitness centre to occupy the ground and first floor of the development. We also managed effective marketing and expression of interest campaign to secure an emerging BRW Fast 100 health and fitness operator on favourable terms to our client. Palladium managed the expression of interest process, sourced and negotiated key lease and fit-out terms, and managed the lease negotiations to secure an operator to lease the purpose-built space.