Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Commercial property management service expands into Chch

Commercial property management service expands into Christchurch

The ever-quickening pace of the Christchurch rebuild has seen the expansion of one of New Zealand’s leading commercial property facilities management agencies into the city.

Bayleys Property Services has this month grown its capabilities in the city – bringing in a suite of business services delivering a “one stop professional services shop” for clients with commercial and industrial properties, either as investors or as owner/occupiers.

Bayleys Property Services currently manages some 450 properties nationwide on behalf of owners. The portfolio has a combined value of $1.2 billion and is predominantly based in Auckland and Wellington, with some smaller locations as part of bigger chains around provincial centres. National clients include the New Zealand Racing Board, Bridgestone, and Konica Minolta.

Bayleys Canterbury commercial manager Pete Whalan said the expansion of the company’s property management arm into Christchurch was spurred on by the now break-neck speed at which commercial property construction was taking place in and around the city.

“The, suite of business advisory services BPS will offer to the Christchurch market will include lease management, operational compliance, maintenance and capital expenditure forecasts, tenant retention strategies as well as strong financial management services through BPS’ new state of the art management information systems,” Mr Whalan said.

“Quite often, a property developer or owner/occupier’s primary focus is on getting their building up and running as quickly as possible, and future factors such as property and asset management are largely ignored. We are confident that the introduction of Bayleys Property Services will alleviate that lack of attention and allow owners to take a longer-term and more strategic view of their property asset.”

Mr Whalan said the city’s corporate real estate sector was now taking a broader view of working with property managers than simply viewing an agency as ‘rent gatherers’.

“In essence, cutting-edge property management is now about adding value to a client’s real estate asset rather than just milking the rent,” Mr Whalan said

“A good property and asset management firm for example will now look at creating and monitoring a plant and building maintenance plan to ensure the life expectancy of the asset is extended for as long as possible. That programme should, for example, also factor in regular maintenance schedules,” he said.

“Aside from the physical aspects of plant and building maintenance, we also look at offering professional consultancy services with the management of a client’s property affairs – such as analysing insurance coverage, undertaking lease reviews using current market data, tenancy negotiations, and even tenant identification.”

The new Bayleys Property Services division in Christchurch will be led by recently-appointed manager Sam Carnahan who has retuned to the region after 10 years in Australia where he ran property and asset management service teams for both government agencies and large private corporate entities such as Brookfields.

Mr Carnahan said he was drawn back to his native Canterbury by the lure of a rapidly growing economy underpinned by the city’s social and infrastructure rebuild.

“Property management has certainly come to the fore here as a result of the earthquake – with many building owners now conscious of just how important the continuing operation of their asset actually is. As a result, we are forecasting a strong uptake for the property management services offered by Bayleys,” Mr Carnahan said.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Postnatal Depression: 'The Thief That Steals Motherhood' - Alison McCulloch

Post-natal depression is a sly and cruel illness, described by one expert as ‘the thief that steals motherhood’, it creeps up on its victims, hiding behind the stress and exhaustion of being a new parent, catching many women unaware and unprepared. More>>


DIY: Kiwi Ingenuity And Masking Tape Saves Chick

Kiwi ingenuity and masking tape has saved a Kiwi chick after its egg was badly damaged endangering the chick's life. The egg was delivered to Kiwi Encounter at Rainbow Springs in Rotorua 14 days ago by a DOC worker with a large hole in its shell and against all odds has just successfully hatched. More>>


Trade: Key To Lead Mission To India; ASEAN FTA Review Announced

Prime Minister John Key will lead a trade delegation to India next week, saying the pursuit of a free trade agreement with the protectionist giant is "the primary reason we're going" but playing down the likelihood of early progress. More>>



MYOB: Digital Signatures Go Live

From today, Inland Revenue will begin accepting “digital signatures”, saving businesses and their accountants a huge amount of administration time and further reducing the need for pen and paper in the workplace. More>>

Oil Searches: Norway's Statoil Quits Reinga Basin

Statoil, the Norwegian state-owned oil company, has given up oil and gas exploration in Northland's Reinga Basin, saying the probably of a find was 'too low'. More>>


Modern Living: Auckland Development Blowouts Reminiscent Of Run Up To GFC

The collapse of property developments in Auckland is "almost groundhog day" to the run-up of the global financial crisis in 2007/2008 as banks refuse to fund projects due to blowouts in construction and labour costs, says John Kensington, the author of KPMG's Financial Institutions Performance Survey. More>>


Health: New Zealand's First ‘No Sugary Drinks’ Logo Unveiled

New Zealand’s first “no sugary drinks logo” has been unveiled at an event in Wellington... It will empower communities around New Zealand to lift their health and wellbeing and send a clear message about the damage caused by too much sugar in our diets. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news