We’re Growing Across Australia!

22 capital city and regional Australian offices

We welcomed a number of new Preston Rowe Paterson offices in 2015 including Tamworth, the Gold Coast, Hobart and Launceston. These new additions bring our total number of Preston Rowe Paterson offices in Australia to 22.

Darling Park, Darling Harbour

Modern head leased office building & restaurant investment

Modern head leased office and restaurant investment. Asset valuation for merger and financial reporting of freeholders interest in 99 year head lease over three tower development. Tower A 27 levels and 51,979m2; Tower B 27 levels and 52,000m2; and Tower C 19 levels and 29,600m2.

CBA Asset Portfolio Revaluation

Reappointed by the Commonwealth Bank

This year we were reappointed to continue providing valuation for financial reporting for the CBA real estate portfolio.

Assisted Chevron

Regarding the sale of Chevrons equity in Caltex Australia

We advised Chevron on the value of Caltex Australia’s real estate portfolio in the sale of its equity position in Caltex Australia. This transaction was the largest share trade on the ASX on record.

BT Tower, Market St, Sydney

Modern office building

Strategic rental review advice to property funds landlord and planning for multiple rental reviews in modern 30 storey office tower having a lettable area of 29,780m2 plus 666 basement car spaces; acting for owner.

Partnership With Japanese Firm

Re-engage with the flow of investments from Japan to Aus

Another big partnership took place this year with the signing of an agreement with Japanese firm Daiwa Real Estate Appraisal Co.; a long standing property valuation firm with 8 offices across Japan. The new partnership brings forth a number of exciting opportunities for both parties and together we will be producing joint quarterly research reports.

Valuations For Goodman

We’ve been working with Goodman for a number of years

We’ve been providing valuation advice to Goodman for a number of years on its industrial assets located throughout Australia.

343 George St, Sydney

Heritage retail and office building

Acquisition due diligence management for purchaser/investor and initial property management of 13 level heritage retail and office building with an area of 10,345m2 in the heart of the Sydney CBD.

39 Martin Place, Sydney

Refurbished commercial office building

Rental determination of whole office building comprising 22 levels and 16,746 m2 in dispute between landlord and tenant.

We Have New Zealand Covered

Expansion into NZ with 7 new offices

Preston Rowe Paterson expanded into New Zealand via 7 offices this year including a head office in Auckland. This exciting expansion means we have offices in Wellington, Tauranga, Hamilton, Dunedin, Greymouth, New Plymouth and a head office in Auckland.

King St Wharf, Sydney

Harbour front restaurant, bars and offices

Funding valuation for ground level retail, bar and restaurant investment Stratum for fund whom provided equity capital.

Chinese Clientele & Associations

Strategic partnership with (CAA)

In August we signed a strategic partnership agreement with valuation group Chinese Appraisal Association (CAA); a market leading valuation firm in China who operate across 18 key areas including Beijing, Shanghai, Guangzhou, Shenzen, Nanjin and Wuhan.

Westpac Head Offices, Sydney

Office redevelopment

Redevelopment site valuation and rental valuation advice on proposed leasing transaction to Westpac. Commercial office building with 28 levels, podium totalling 77,410m2 and 214 car spaces.

Badgerys Creek Transition Managers

Transition, Asset & Property Management for new airport

Having been appointed transition asset and property managers at Badgerys Creek, we’ve had a busy year working with the Department of Infrastructure to clear the site for the initial stages of Sydney’s 2nd airport. Earlier this year we set up a site office at Badgerys Creek.

The Quad, Sydney Olympic Park

Business park

Development site valuations to assist in the sale negotiations with the development proponent.

Ausgrid Asset Revaluation

Long standing history with Ausgrid

Having provided valuations to Ausgrid for many years, we recently revalued the Ausgrid portfolio.

Outdoor Dining Tenancies

Multiple properties throughout Randwick

Maintaining license conditions, administration of Outdoor Dining Licenses and regular review of licenses for properties throughout Randwick.

Sponsorship's For 2015

We sponsored a number of fantastic events this year

We sponsored a number of events this year including the Property Funds Association (PFA) Conference in Cairns, Australian Property Institute (API) Young Property Professionals (YPP), Goodman ‘good+network’ Women In Property Networking Event, the API Excellence in Property Awards and the API Public Sector Property Conference.

Novotel Hotel, Sans Souci

Accommodation hotel and retail development

Valuation for land value objection purposes.

Outdoor Dining Tenancies

North Sydney street front restaurant seating

Property management, leasing and administration of outdoor dining tenancies within North Sydney.

55 Market St, Sydney

Retail and office building

Strategic rental review advice and planning for multiple rental reviews for the owner. Modern 22 storey office tower with a lettable area of 22,908m2 plus 49 basement car spaces.

PRP Conference In Queenstown

Annual Directors PRP conference held in New Zealand

Directors from PRP offices across Australia and NZ met in Queenstown for the annual PRP conference. This year we had Peter Nolan the RICS Director of Oceania, Bruce Wiggins from the Bank of New Zealand and Scott Curley from GSA as guest speakers.

Circular Quay Investment Properties

Various properties valued by PRP

PRP has valued for either acquisition, sale or development purposes the Four Seasons Hotel, The Shangri-La Hotel, Quay West and Grosvenor Place. We valued the complex ground lease interest in Grosvenor Place for the sale.

New Property Management Software

Yardi - state of the art, world class, market leading software

Yardi was implemented as the principle software platform for the property, asset and facilities (PAF) management division in 2015. Yardi Voyager Commercial complements PRP Sydney with an end-to-end solution that streamlines the property and financial management aspects of our commercial management division, essentially enhancing the underlying value of our client’s assets.

PRP Investment Masterclass

Rolling out in-house in early 2016

We're rolling out an investment valuation masterclass in early 2016 for all forms of multi-tenant investment property including commercial, retail and industrial. We’ve developed our own proprietary valuation models for multi-tenant investment properties that will be used throughout the masterclass.

NSW Ports Corps Authority

Various valuation and consultancy services

Throughout 2015 we have provided various valuation and consultancy services to the NSW Ports Corporation Authority for lease setting at various sites in Port Kembla.

BT Tower, Market Street, Sydney

Modern Office Building

Strategic rental review advice to property funds landlord and planning for multiple rental reviews in modern 30 storey office tower. A lettable area of 29,780m2 plus 666 basement car spaces, acting for owner.

We have property covered.

Investment. Development. Asset, Plant & Machinery. Corporate Real Estate. Mortgage. Government. Insurance. Occupancy. Sustainability. Research.

  • About PRP

    Established in Sydney in 1988, Preston Rowe Paterson is a firm of property valuers, analysts, advisers and consultants who operate throughout Australia with links globally. Since our inception, it has been our philosophy to be recognised as an elite supplier of investment, development and asset professional property services.

    To us 'property' means all forms of real estate and infrastructure as well as plant, machinery and equipment. We aim to provide superior property advisory services specialising in valuation, property and asset management, facilities management, transaction management, consulting and property market & economic research.

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  • Services

  • Recent Research

  • Impressions

    In an uncertain property market, having a ratchet clause in a commercial lease can be a smart move. Rent reviews are an important element to any commercial property lease. The purpose of rent reviews at specified intervals ensures that the rent is in-line with current market rates. The standard types of rent reviews include: Inflation […]

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