Office asset repositioning securing a premium position in Australia's CBD office markets [electronic resource]
Language: English Publication details: [Australia] JLL 2009Subject(s): LOC classification:- 333.33 $2 18
| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Book | Virtual Online | ONLINE PUBLICATION (Browse shelf(Opens below)) | 1 | Available | 147078-2001 |
Looks at "asset repositioning", which is defined as committing capital to major project to refurbish a building, at a point relative to the life cycle of the real estate asset, property cycle and tenant expiry profile. The aim of such refurbishment is to improve returns and guard against against future obsolescence. Evidence from the Australian market suggests that office buildings need a major refurbishment every 20-25 years if they are to remain competitive.