Computershare

Transaction Divestment Advisory – Sale & Leaseback
Location Abbotsford, VIC

CapStra’s role

CapStra was engaged to provide divestment advice and tenant representation services to Computershare regarding their Abbotsford, Victoria premises

Approach

The assignment included strategic advice in relation to the “highest and best use” of the property in the context of the client’s organisational objectives, including advice in relation to rezoning and repositioning opportunities, as well as alternative structures to achieve the maximum realisable value.

Ultimately, the advice led to the sale-and-leaseback via an open market process. CapStra performed the role of transaction advisor on the sale which included advice on the commercial terms and structure of the lease, determining the campaign strategy, managing third party agents and technical consultants, and negotiating commercial terms to finalise the transaction.

CapStra undertook a robust and transparent process for the identification and selection of an appropriate agent, determining the optimal marketing and sales strategy, and positioning the asset in the open market to drive competitive tension.

Outcomes

The sale price was maximised, exceeding benchmark yields for asset type and location, while allowing Computershare to retain operational control over the asset.


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