TBA URBAN Projects
170 Epping Road
Client
Ingredion (Part 1), Hyecorp Property Group (Part 2)
Services
Vendor Due Diligence; Transaction Management; Development Project Management (Part 1). Development Project Management; Commercial Advisory; Stakeholder Engagement (Part 2).
Part 1
TBA Urban was appointed to work alongside Cushman and Wakefield in the sale of 170 Epping Road, Lane Cove during 2019. Comprising 3ha (approx.) of historic industrial land on the foreshore of Sydney’s Lane Cove River, the Site represented a significant investment/development opportunity for an incoming purchaser. TBA Urban’s role focused on the provision of strategic advice to Ingredion and Cushman and Wakefield for the purpose of identifying (and presenting) viable future development opportunities, minimising incoming purchaser risk and maximising value potential for the vendor. TBA Urban and our sub consultant team was responsible for the preparation of the vendor due diligence information including conceptual design and planning statements, coupled with the provision of strategic transaction advice and structuring. The campaign resulted in a successful sale of the Site. Throughout the course of the sales campaign, TBA Urban was responsible for liaising with numerous perspective buyers including several large multi-national corporations.
Part 2
TBA Urban was approached by Hyecorp Property Group following the completion of the sales campaign. As the incoming purchaser, Hyecorp wished to pursue value-add opportunities for the development site. Acting in the capacity of stategic advisor, TBA Urban provided Hyecorp with critical commercial and development management expertise at the projects inception phase, culiminating in a detailed highest and best use analysis and divestment strategy to achieve the outcome. TBA Urban worked alongside Hyecorp in the appointment and coordination of key technical/design consultants to define multiple development concepts, while undertaking a targeted market sounding campaign to identify ‘outside the box’ commercial uses for this unique Site. The project is ongoing.