Comprehensive Commercial Property Services – Enhance Your Asset Value and Operational Efficiency

At McGees Property, our team of experienced and qualified project managers bring a wealth of expertise in valuation, management, and agency services. We provide tailored solutions to meet the specific needs of our clients, focusing on maximising asset value, reducing operational costs, and ensuring regulatory compliance. Below are the key areas of our expertise, each with targeted strategies to optimise commercial property performance.

Key Areas of Activity and Strategic Recommendations

1. Reposition of Assets – Improving Returns and Outcomes for Stakeholders
   Transform underutilised or outdated spaces to attract higher-quality tenants and increase rental income.
   Example: A dated retail centre in Brisbane is repositioned into a mixed-use development with modern retail spaces, co-working offices, and residential apartments.
   Strategic Recommendations: Assess the current tenant mix and identify underutilised areas that can be repurposed for higher-yielding uses. Adding amenities such as co-working spaces or specialty retail can attract new demographics and increase rental returns.

2. Improving Green Star Credentials and NABERS Ratings
   Reduce operational costs and attract eco-conscious tenants by upgrading to sustainable building practices.
   Example: An office building in Fortitude Valley undergoes a retrofit to include energy-efficient HVAC systems, LED lighting, and water-saving fixtures, increasing its NABERS rating from 3.5 to 5 stars.
   Strategic Recommendations: Conduct an energy audit to identify areas where sustainable upgrades can reduce operational costs and align with government incentives for green certifications.

3. Fire and Safety Implementation Programs
   Protect tenants and assets by implementing comprehensive fire safety systems and upgrades.
   Example: A multi-storey building in the Brisbane CBD installs fire-rated doors, sprinklers, and smoke detection systems to meet updated fire safety regulations.
   Strategic Recommendations: Conduct a comprehensive fire safety assessment to identify compliance gaps and prioritise upgrades to lower insurance premiums and protect asset value.

4. Relocation Management
   Coordinate tenant moves to minimise disruption and maintain business continuity.
   Example: A retail tenant in Surfers Paradise is relocated temporarily while the centre undergoes refurbishments, with management ensuring minimal disruption.
   Strategic Recommendations: Develop a detailed relocation plan that includes temporary leasing options and clear communication to minimise downtime and maintain rental income.

5. Centre Expansion and Mix Management
   Strategically expand and curate the tenant mix to increase foot traffic and rental income.
   Example: A retail centre in Southport expands to include dining precincts and well-known national brands, attracting more visitors and increasing asset value.
   Strategic Recommendations: Review market trends to identify tenant categories that attract higher foot traffic and negotiate lease terms that support long-term growth.

6. Multi-Site / Roll Out Program Management
   Ensure consistency and quality in the rollout of multiple commercial locations.
   Example: A national retailer plans to open five new stores in Queensland over 12 months, with McGees overseeing site selection, fit-out, and branding consistency.
   Strategic Recommendations: Develop a strategic rollout timeline to optimise resource allocation, minimise costs, and maintain consistent branding.

7. Pre-Acquisition Due Diligence
   Assess potential risks and opportunities before purchasing a commercial property.
   Example: An investor considering a warehouse complex in Eagle Farm engages McGees to conduct due diligence, assessing lease agreements, structural integrity, and market rental rates.
   Strategic Recommendations: Perform a comprehensive market analysis to identify hidden risks and evaluate the asset’s potential for repositioning or redevelopment.

8. Make Good and Condition Reports
   Protect property value by documenting the condition at lease commencement and end.
   Example: A tenant in a Fortitude Valley office building prepares to vacate, and a make-good report is conducted to outline required repairs.
   Strategic Recommendations: Initiate make-good assessments six months before lease expiry to allow sufficient time for repairs and avoid disputes.

9. Workout and Turnaround Solutions
   Revitalise underperforming assets to restore cash flow and increase value.
   Example: A retail centre in regional Queensland is experiencing high vacancy rates; McGees implements a turnaround strategy involving rebranding, marketing, and lease renegotiations.
   Strategic Recommendations: Implement targeted marketing campaigns and strategic tenant negotiations to restore occupancy and revenue streams.

Specialised Sectors of Expertise

• Suburban Offices – Maximising occupancy and tenant satisfaction through tailored leasing strategies.

• Industrial Properties – Enhancing logistics and warehousing operations for higher efficiency.

• Retail Centres – Curating tenant mix to attract high-value retailers and increase foot traffic.

• Marina Developments – Optimising waterfront property for mixed-use development and recreational purposes.

Partner Expertise

To deliver comprehensive solutions, McGees collaborates with specialised partners in the following areas:

• Town Planning – Strategic land use planning to maximise asset potential.

• Engineering – Structural assessments and design for sustainable upgrades.

• Design and Construction – Implementing cost-effective and functional building solutions.

• Energy Audits – Identifying areas for energy savings and sustainable improvements.

• Workplace Health and Safety – Ensuring regulatory compliance and tenant safety.

McGees Property is committed to delivering tailored commercial property solutions that maximise asset value, mitigate risks, and enhance tenant satisfaction. Contact us today to discuss how we can optimise your property portfolio.