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Case Studies
JAPAN
Value Creation Strategy - Renovate / reposition
Renovated and converted an office property to retail. Increased net rentable area by 16%, rents from $5.5PSF to $12.1PS, and occupancy from 30% to 100%.
Value Creation Strategy - Renovate / reposition
Renovated and converted an office property to retail. Increased net rentable area by 16%, rents from $5.5PSF to $12.1PS, and occupancy from 30% to 100%.
Before
After
Value Creation Strategy – Reinvigorating marketing
Redesigned common area and placed a fountain in the middle, enabling lease-up to high-end tenants.
Redesigned common area and placed a fountain in the middle, enabling lease-up to high-end tenants.
Before
After
KOREA
Core strategy
Core strategy
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Purchased Kukdong Building for $260MM by teaming up with the Korea National Pension Services who funded 100% of the equity interest thru a REIT set up by GE AMC. Kukdong Building (B3/23F; 75,253 sqm) is located in CBD. It is one of the iconic office asset in Seoul, with clear visibility, exposure, efficient floor ground parking and typical rectangular floor offering a spacious floor area.
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Value Creation Strategy – Reinvigorating marketing
Redesigned lobby, upgrading building quality and supporting lease-up for high-end tenants.
Redesigned lobby, upgrading building quality and supporting lease-up for high-end tenants.
Before
After
AUSTRALIA
Value Creation Strategy - Renovate / reposition
16 level freehold B Grade office tower with ground floor retail & 12 car spaces. Situated between Martin Place & Pitt Street Mall (Sydney’s premier retail precinct). Initially 100% vacant building on which GE undertook $8MM refurbishment of all office levels, ground floor retail and converted 1st floor office into mezzanine retail space & creating a foyer presence through extensive structural reconfiguration. GE secured lease over 61% of office space to Macquarie Bank, leasing newly created retail space to flagship retail tenants – Lacoste, French Connection and North Face.
Value Creation Strategy - Renovate / reposition
16 level freehold B Grade office tower with ground floor retail & 12 car spaces. Situated between Martin Place & Pitt Street Mall (Sydney’s premier retail precinct). Initially 100% vacant building on which GE undertook $8MM refurbishment of all office levels, ground floor retail and converted 1st floor office into mezzanine retail space & creating a foyer presence through extensive structural reconfiguration. GE secured lease over 61% of office space to Macquarie Bank, leasing newly created retail space to flagship retail tenants – Lacoste, French Connection and North Face.
Before
After
