A transformative revival

Scott Automation, Sydney Australia

Details

5,300sqm

1,000sqm office, 4,300sqm warehouse

250%

Reduction in exposure

Zero

Residual exposure

Overview

The project involved Multi Party negotiation with competing priorities. Revive identified value in the existing assets for the incoming tenant, and created value by reducing scope and minimising unnecessary works.

High level project management was agreed to, ensuring all parties’ deadlines were met.

Strategy

Revive assessed each parties’ needs and timelines and found ways to deliver a commercial upside to all.

A thorough waste stream analysis ensured minimal environmental and commercial impact, while delivering the building owner and incoming tenant a contemporary and practical warehouse to go forward with.

Once the job was with Revive, we didn’t need to think about it again – they took care of every single aspect.

John Farrell, Scott Automation

Outcomes

Total capital and time expenditure for the project were both dramatically reduced for all parties.

For the exiting tenants this meant a viable process that aligned to head office expectations and investment appetite, for the owner an optimised asset with overall mitigation of future risk and expense.