Services

Property Management

Cambridge currently manages over $450 million of property for clients and is based in Auckland and Wellington.

The services provided cover day to day property management, facilities management, property accounting and management of capital expenditure projects.

We negotiate and manage leases; liaise with tenants; collect rent; negotiate facility contracts; procure insurance; supervise contractors; implement risk management and compliance programmes; and provide timely financial and management information to clients.

We adopt a “hands-on” approach and treat the properties as if they were our own.

We have the expertise to manage retail, hospitality, industrial, accommodation and office property.

Key Services
  • Day to day property management
  • Facilties management
  • Health and safety compliance
  • Property accounting
Some of the properties we manage include...

Advisory

The extensive experience of our senior team equips Cambridge to provide objective advice in respect to:

Divestments/Acquisitions
We assist clients with property acquisitions and disposals. The services offered include undertaking a search for suitable acquisitions; negotiating and structuring the terms of purchase; arranging funding and overseeing the settlement process.

We also arrange property disposals for clients. This may entail management of the sale process including preparation of Information Memorandums, compiling due diligence material and undertaking negotiations with the purchasers.

Case Study

We identified a rundown, earthquake prone neighbourhood shopping centre as being a suitable added value opportunity for a client. The property was 80% leased at the time and had a WALT of less than 2 years. We negotiated its purchase for $1.9 million, arranged funding for the client, then devised and implemented an investment strategy for the client. This entailed

  • Organising the completion of all outstanding deferred maintenance, re-roofing the buildings and earthquake strengthening them to least 70% NBS for a cost of $1 million;
  • Increasing the rent by 40% by successfully renegotiating existing leases and leasing up the vacant space; and
  • provided our client with a $1.3 million unrealised gain.

AFter

Before