Curating the right mix of tenants as a commercial property owner can transform a great space into a valuable cultural experience for the people within that space. The centrality of people to the workplace has become a much talked about topic within the commercial real estate industry. Savvy property owners, in a bid to stand out in the real estate landscape, are filling their buildings with likeminded businesses that can leverage each other at a business level, together with the right blend of retail and hospitality amenities.
The result is a space that not only provides the day to day services tenants require, from food outlets to dry cleaning services, but also a carefully curated mix of office tenants that can provide professional services to each other.
Lessons we’re learning as Independent Property Advisors that keep our job fulfilling
For BRM, our services have always aimed to reach beyond the transaction itself. We put people at the centre of everything we do, from workplace consulting, to project management, workplace design, and in this case, property advisory.
Yes, property is about “closing the deal”, but many are quick to forget that the “deal” involves people, from the people who are making the deal, right down to the people who will be occupying and working in the actual space. For this reason, we see relationships as paramount to commercial property. Without stable and trustworthy relationships, a company facing a change in location, organisational structure or even the layout of its office desks, will encounter great difficulty.
By Guest Author, Rosalyn Gladwin, Gladwin Legal
It is quite commonly known that Landlords are responsible for costs and maintenance of safety requirements in retail premises in Victoria. This is the case under both the Building Act 1993 (Vic) and the Retail Leases Act 2003 (Vic).
There has been some contention about how the two acts operate, which both apply in the case of retail premises. The main question most landlords ask is: Can such obligations can be contracted out of or passed on to the tenant?
A recent Advisory Opinion in 2015 has helped to clarify the position of the law in regards to these issues. While Advisory Opinions are not legally binding, they are highly persuasive to Tribunals and Courts in hearing such decisions, especially given that there are many cases in support of the conclusions reached.
In today’s workplace landscape, the opinion of the worker counts for a lot. In fact, organisations are increasingly involving their staff in decisions that were once reserved for leadership. The workforce is largely made up of millennial workers who are used to having significant influence in the way they work, rather than being dictated to by archaic organisational structures.
As a commercial tenant you will face plenty of change. some things, however, are worth keeping the same.
Client: Roads Australia
Project Completion: March 2019
When it comes to commercial property, change is inevitable. Leases will end, companies may grow and other issues, both external and internal, will rear their heads, forcing businesses to adapt and move forward. It goes without saying that stability and trustworthy relationships are paramount during these periods of change.
Having a property advisor who can deliver a relocation project and fitout after years of guiding its client through various changes is uncommon, but BRM Projects provided this exact service to its client, Roads Australia ,and the results speak for themselves.
Discover how over 10 years of advice and project delivery from the same commercial property provider helped Roads Australia through some challenging periods…
We love working on new projects with our existing clients. Optalert, is an exciting client, who has developed a technology that acts as an early warning drowsiness detection system. As its technology has grown and the company itself is increasingly becoming trusted by major global companies, its needs are changing, especially in the workplace itself and the property it occupies.
From our early property advisory work with the then new CEO Scott Coles in 2014, to the fitout of Optalert’s new offices that same year, BRM Projects has continued to act as Optalert’s trusted property partner throughout all of the its changes over the past few years.
Here is a preview of just some of the work BRM Projects has carried out for this fascinating company:
Over the past few decades, BRM Projects has secured its place as a leading provider of commercial property and workplace solutions. We know property, and we use this knowledge to provide our clients with an exceptional experience that goes beyond the signing of a lease.
We’ve worked with all kinds of organisations, from professional services to large scale Not For Profits and Government Authorities. Aside from our vast client base, it’s our unique skillset as consultants that sets us apart from other property providers.
Just because there’s an option in your lease to roll over, is it really the best option for your business?
The question “Should I stay or should I go?” is one that should be considered carefully, even as early as mid-way through your lease. Commercial leasing is undoubtedly a more lengthy and complicated process than residential leasing, therefore more time should be given to sorting out possibilities, from lease renewal, to searching for a new premises altogether.
Christian Thompson - Parenting Research Centre
Parenting Research Centre offers a unique service with the mission of helping children and families thrive by helping governments and community agencies put the best scientific evidence on parenting support into action. This fantastic organisation is changing the way we approach parenting support and helping Australian children thrive.
Christian Thompson joined Parenting Research Centre in 2008 bringing with him a rich history of not-for-profit management experience. BRM Projects has worked with Christian across a number of projects and we had a chat with him about how he sees his workplace.
What Is A Make Good?
A ‘Make Good’ obligation is essentially what it sounds like. It is the tenant’s obligation, when reaching the end of the lease term, to ensure that they ‘make good’ the premises before leaving. This is a standard clause of most commercial leases requiring the tenant to return the property to the landlord in its original, clean and tidy state.
Make Goods exist in order to be fair to both parties when it comes to the make good works the tenant will be required to undertake. A well drafted Make Good clause will specify how certain areas and items will be handled at the end of the lease, making it clear for everyone. This may involve fit-outs installed by the tenant or ownership of certain items within the property. Ultimately, the Make Good clause contributes to a more seamless leasing process and avoids disputes between the tenant and landlord upon the end of the lease.
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