Releasing the value of the silver in the portfolio

Many businesses, particularly in the industrial sector as well as other enterprises such as church groups, sporting groups and community clubs, have owned property assets that are underutilised and rapidly becoming functionally obsolete and in a poor state of physical repair. Often these organisations do not realise the underlying value of the site based on alternative and improved uses. This happens as urban populations grow, and urban residential sprawl starts moving into peripheral zones that were typically focused on employment uses, semi-agricultural and light manufacturing activities.

But these underutilised assets may also be near or central to residential and business areas, particularly in the church, sporting and social clubs, when there has been a drop-off in membership, and fees and use charges do not cover the most basic maintenance. The tendency starts a downward spiral of relevance as the condition of physical assets and sporting facilities gets worse, membership numbers decrease and fewer fees are collected,