National Roads and Motorists Association (NRMA)

Transaction Strategic Real Estate Advisory
Location Sydney Olympic Park, NSW

CapStra’s role

CapStra was engaged to provide corporate real estate advice and project management services for NRMA’s new head office. NRMA’s objectives were to deliver an optimal workplace environment, that met their long-term accommodation requirements, and to provide operational flexibility.

Approach

Following an analysis of NRMA’s requirements, it was recognised that NRMA had an appetite and ability to acquire and develop its own premises. CapStra’s assignment included:

  • Identification of potential accommodation options (from both a leasing and acquisition perspective)
  • Financial analysis of shortlisted options
  • Managing the technical due diligence on shortlisted options
  • Providing strategic transaction advice and undertaking commercial negotiations on NRMA’s behalf
  • Ultimately managing the delivery of a purpose built premises located at Sydney Olympic Park

Outcomes

NRMA successfully undertook the turnkey purchase of a purpose-built commercial office building located at Sydney Olympic Park. CapStra was instrumental in providing advice to NRMA to modify the base building design of the façade and engineering systems prior to construction, to produce an optimal result for the client. The fitout was also integrated with the base building construction, providing significant savings from traditional contract arrangements that require rework from base building to fitout.

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