THE PROPERTY DEVELOPMENT REVIEW
Finally, we work very hard on culture. Our team is highly valued and critical to our success, and we certainly don’t take that for granted. That has been a clear focus for our organisation for a number of years and we have to acknowledge the companies past leaders for sowing those seeds for us all. What was one of the best campaigns you have been involved in and why ? One of the best campaigns I have been involved in was the sale of 51-53 Progress Street, Dandenong South. The campaign was a real testament to the expertise and dedication of the Facey Property team. Our vendor entrusted us with the dispersal of this asset, and we delivered an exceptional result that we are proud of. The campaign for 51-53 Progress Street, Dandenong, was a well-rounded approach that utlislised a variety of marketing channels, including digital, social and traditional marketing. Additionally, we leveraged our extensive local and interstate networks and databases to target specific audiences and generate interest in the property. The result was a resounding success, with extensive interest in the property and a high turnout of attendees and participants at the auction. The property sold well above reserve, which was a testament to the hard work and dedication of our team. It was an exceptional result that we are proud of and will always remember as one of our best campaigns.
What advice would you give anyone looking to purchase an Industrial asset in 2023? If you’re looking to purchase an industrial asset in 2023, my advice would be to act quickly and strategically. The current market is characterized by a limited supply of stock, which has led to elevated land values and a rise in fringe/secondary areas for the first time in many years. This shortage of land supply has created a competitive landscape for businesses and investors looking to secure industrial space. Given the current market conditions, it’s important to have a clear understanding of your business needs and goals, and to work with a knowledgeable and experienced agent who can help you navigate the market and secure the right property for your needs. With careful consideration and the right guidance, you can find an industrial asset that meets your needs and delivers long-term value for your business.
February / March 2023 – 45
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