The Knowledge to Make it Work
Glenkerrin Portfolio
Background
- Receiver (Grant Thornton) appointed by NAMA
- Full Asset Management role
- Large mixed asset portfolio at various stages of completion
- 169 completed apartments & houses (multiple locations)
- 242 partly completed apartments (The Grange & St. Edmunds)
- 16,000 sqm/172,000 sqft.of completed offices & warehouses (Maynooth Business Campus & The Grange
- 9 development sites (Howth, Ballsbridge, Stillorgan, Palmerstown, Rathmines, Wicklow)
Scope of Work
- Secured rental income immediately
- Prepared Business Plan incl. long term cash flow
- Developed strategy options for each asset
- Sales / lettings
- Hold & manage assets
- Improve planning
- Construction completion
- Implementing & monitoring strategy
Part of the Glenkerrin Portfolio - Role at The Grange includes:
- Lettings & day-to-day management of residential & offices
- Lettings of the office building to create investment
- Development consultancy (partly completed block +3 sites)
- On-going strategic advice to maximise the value of sites & asset
South Dublin Development
Background
- Receiver (RSM FGS) appointed by syndicate banks
- Asset management role
- Large mixed use asset at various stages of completion
- 195 completed apartments
- 224 partly completed apartments
- 2 large development sites (some construction commenced)
Scope of Work
- Secured rental income immediately
- Reviewed condition of assets & marketability
- Advised on planning & completion strategy
- Secured ‘change of use’ (live-work units to residential)
- Prepared Business Plan incl. long term cash flow
- Arranged fit-out programme
- Secured tenants with 100% occupancy on furnished units
- Managed tenancies
Honeypark / Old Dun Laoghaire Golf Course
Background
- Cosgrave Developments acquired site in 2002
- Appointed Hooke & MacDonald as development consultants & selling agents
- 856 houses & apartments, creche, neighbourhood centre and c.5 acres of park
Scope of Work
- Working with Design Team and advising on most marketable plans & layouts
- Advising on Phasing of development
- Estimation of sales revenue
- Input into Business Plan
- Agency arm of Hooke & MacDonald:
- Creation & implementation of marketing & sales strategy
- Coordination of media coverage
- Launching development (April 2012) and managing sales process
- Initial results - Great public response and substantial sales achieved at prices mainly from €475,000 to €610,000.
12 Acre Prime Site in North Dublin
Background
- Receiver appointed
- Large development site, incorporating industrial buildings & showrooms
- Zoned for development & planning permission on part of the site
Scope of Work
- Addressing health & safety concerns
- Development of overall strategy for the land & costings
- Managing short term lettings
- Liaising with prospective purchasers / enquirers
- Providing development consultants for proposed redevelopment & assessment of viability
- Assembled & managed Design Team for a new planning application & liaised with Local Authority
- Achieved valuable new planning permission, thus enhancing value
Re-development Property in Dublin City Centre
Background
- Office and retail block of c.1,000 sq.m. beside Jervis Street Shopping Centre
- Property originally acquired for redevelopment, lying idle with no income to service interest
Scope of Work
- Assessed stakeholder options
- Objective to generate medium term rental income from building
- Advised on cost effective re-fitting and redecoration to improve marketability to prospective tenants
- Devised & implemented targeted marketing campaign to identify potential occupiers
- Secured educational user for 650 sq.m. and 3 tenants for the retail element. Created saleable asset.
- Advising on future re-development and required alterations to enhance the future development value, if not disposed of
