A landlord faced difficulties leasing a vacant office space that had been left behind by a previous tenant who moved out. After 6 months on the market "as is," the property remained unleased. Ativa Property was brought in to turn things around.

Challenge:

• Vacant office space left by a previous tenant.
• Unsuccessful leasing attempts for 6 months with the existing fit-out.
  

Repositioning Strategy:

• Ativa Property recommended renovating the base building and completing a new office fit-out.
• Collaborated with an architect to design and implement the upgrades.
  

Outcome:

• The property was leased to a new tenant for a 5-year term.
• Achieved a top market rent, enhancing the property's income stream.
  

Result:

• The strategic improvements led to a circa capital uplift of $3 million on the asset value, significantly increasing its overall market appeal and financial performance.