The efficiencies of landlord and tenant working together

We hear so much these days about the benefits of collaboration and cooperation, but often it is the theory and not the practice we hear about. I’m involved in the last stages of a great project that…

The efficiencies of landlord and tenant working togetherWe hear so much these days about the benefits of collaboration and cooperation, but often it is the theory and not the practice we hear about.

I’m involved in the last stages of a great project that has been a successful collaboration between a building owner and a significant sized business to achieve a result of mutual benefit. Continue reading “The efficiencies of landlord and tenant working together”

Major overhaul of property leasing rules heading our way

A radical overhaul of accounting practices for property leases in the United States is likely to lead to dramatic changes in the way commercial property is leased in New Zealand. These changes have their roots in the major upheavals in the United States corporate world when companies such as Enron and Andersons were found to have ‘cooked the books’. The Global Financial Crisis compounded concerns about the financial reporting of property leases. Currently, both in the US and New Zealand, leased property is…

Major overhaul of property leasing rules

A radical overhaul of accounting practices for property leases in the United States is likely to lead to dramatic changes in the way commercial property is leased in New Zealand.

These changes have their roots in the major upheavals in the United States corporate world when companies such as Enron and Andersons were found to have ‘cooked the books’.

The Global Financial Crisis compounded concerns about the financial reporting of property leases.

Currently, both in the US and NZ, leased property is Continue reading “Major overhaul of property leasing rules heading our way”

Rent is never a fixed cost

It is very easy to take things for granted and make assumptions in business. Even successful and smart business leaders can make the wrong assumptions about basic costs. I think sometimes the mind can play tricks on us too, and we can browse a set of accounts or a written article and…

Property is never a fixed cost

It is very easy to take things for granted and make assumptions in business.

Even successful and smart business leaders can make the wrong assumptions about basic costs. I think sometimes the mind can play tricks on us too, and we can browse a set of accounts or a written article and miss some details that we either think are irrelevant or that we don’t want to know about.

I sometimes speculate that there is a good deal of emotion attached to figures related to mortgages and rent. We often Continue reading “Rent is never a fixed cost”

Making sure a lease has appropriate flexibility to allow for building alterations…

When commercial tenants are reassessing space needs for the coming year, it is an excellent time to look at adjusting premises to fit your staff profile. It is really important that a commercial property lease allows enough flexibility for you to refit your premises without restriction from the landlord…

Making sure a lease has appropriate flexibility to allow for building alterationsAs the year comes to a close, many businesses (and homeowners) think about what alterations and renovations they can make to premises over the summer break.

When commercial tenants are reassessing space needs for the coming year, it is an excellent time to look at adjusting premises to fit your staff profile. Continue reading “Making sure a lease has appropriate flexibility to allow for building alterations…”

How creative thinking & rigorous financial models can reduce property costs…

As we clamber out of recession and look for ways to get some nutrients to the green shoots, it is timely to consider innovative ways to cut costs. And with property always a high cost on the P&L, looking at innovative ways to manage and reduce this cost with creative thinking and rigorous financial models can provide opportunities for savings we have never considered. We don’t know what we don’t know!

How creative thinking & rigorous financial models can reduce property costs...As New Zealanders we pride ourselves on our DIY can-do attitude and it gets us a long way.

But for a while now, business commentators have been challenging this approach saying the downside, particularly on the world stage, can be that a DIY approach is detrimental.

Our top businesses have it mastered, and in Continue reading “How creative thinking & rigorous financial models can reduce property costs…”

Taking the gamble out of property leases

The reality for most businesses when they are setting terms for a commercial property lease is that there is a bit of hit & miss about planning. Generally, property managers put together a guesstimate about…

Taking the gamble out of commercial property leasesThe reality for most businesses when they are setting terms for a commercial property lease is that there is a bit of hit & miss about planning.

Generally, property managers put together a guesstimate about a business’ needs regarding property over 3, 6 or 12 years, which are the sort of timeframes on offer for property leases.

Many make a bit of a real estate bet Continue reading “Taking the gamble out of property leases”

Opportunities & threats of the Rugby World Cup

It’s now just over two years until the Rugby World Cup is staged in New Zealand. The biggest impact is likely to be in Auckland where there will be eight games including the semi finals and final at Eden Park. But stadia…

It’s now just over two years until the Rugby World Cup is staged in New Zealand.

The biggest impact is likely to be in Auckland where there will be eight games including the semi finals and final at Eden Park. But stadia Continue reading “Opportunities & threats of the Rugby World Cup”

Spring clean your lease for the future

With frosts on the ground it might seem a little early to be talking about spring. But when it comes to the property lease market and looking out to the future, the market’s current sway in favour of tenants is an ideal time to…

With frosts on the ground it might seem a little early to be talking about spring.

But when it comes to the property lease market and looking out to the future, the market’s current sway in favour of tenants is an ideal time to  Continue reading “Spring clean your lease for the future”

Are the streets paved with gold?

Since time began, cities around the world have offered the allure of seeking and making your fortune. Great world cities such as London, New York, Hong Kong and Sydney still hold that promise for many. Auckland has…

Since time began, cities around the world have offered the allure of seeking and making your fortune. Great world cities such as London, New York, Hong Kong and Sydney still hold that promise for many. Continue reading “Are the streets paved with gold?”

Smart ways to shift focus

I’ve been posting this blog for well over a year now, and I’d like to think we give readers a good heads-up on trends in the property lease market, as well as some insights into how the market works behind the scenes.

So it was interesting for me this week to take some of this expertise into the mainstream news media as a commentator on TVNZ’s business programme: NZI Business June 5: Renters’ market for office space…

I’ve been posting this blog for well over a year now, and I’d like to think we give readers a good heads-up on trends in the property lease market, as well as some insights into how the market works behind the scenes.

So it was interesting for me this week to take some of this expertise into the mainstream news media as a commentator on TVNZ’s business programme: NZI Business June 5: Renters’ market for office space

Continue reading “Smart ways to shift focus”