Our Services

ASSET REVIEW REPORT



Does your shopping centre need to be reviewed? We look at all the customer touch points to improve the appearance, attract more foot traffic, create more sales and make the place more desirable for customers and new tenants.

The asset review can be used in many ways for business planning, operational reviews and new leasing.

The objective of the Asset Review is to assist with business planning, attracting new tenants, and help operations improve the asset to beat the competition. It will also advise on how to:

 The Asset Review will provide:

All areas will be reviewed that customers come into contact while shopping. This also includes key retail stores, tenancy mix, website, centre marketing (including social media), external and internal signage, entrances and exits, roads and access, amenities, common areas and seating.

  1. If you are designing a centre - Predesign Review & Report $5 - $7K written report or Verbal review and site visit $2500 – This includes how to best design for best sales, leasing and better tenant performance through design and best placement. This might include new F&B dining precinct or first stage of the architects’ drawings or new convenience centre. This is best done before everything is locked down. Master planning session and concept development stages are the best stage to be involved.

 

  1. If you are purchasing a centre – I conduct a “Pre-Purchase Review Report” which helps, give the buyer (you) leverage and insight into the real issues. I point out the pros and cons of the place and areas for improvement that will need a replacement or challenges for the leasing team. This includes site visit, access, marketing, car park, signage, layout, toilets, tenancy mix, research with customers and tenants, interiors, seating areas, landscaping, access etc. Doesn’t include budgets.

 

  1. If you have existing centre - Shopping Centre Review Report or Customer Experience Report includes site visit, research, property review, interview tenants, interview customers, signage, toilets, seating areas, car parks, arrival and exit, marketing, tenancy mix and gaps, finishes with clear action steps summary section. They are really popular as many managers/owners use them prior to annual budgets, business planning or if they are going to sell their property in the next year (like Greenbank). The reports are digital report with photos, key observations and recommendations – easy and simple read. Boom has have reviewed 220 shopping centres in all sizes and tourism parks around Australia, NZ and Asia. $5 - $7K approx. for average cost for neighbourhood centre with one anchor and 30 retailers.

Just a few clients we have worked with who have SOLD their properties at the highest level or been awarded Most Improved Property by Australia Property Council. 

  1. Westpoint Blacktown NSW,
  2. Castle Towers Castle Hill NSW
  3. Home Hub Castle Hill - Homemakers Centre NSW / award winning from Boom Report and leased 10 stores in 1 year with no discount
  4. Hyperdome Shopping Centre QLD / 2009 award winning from Boom Retail report
  5. Garden City Toowoomba QLD
  6. Nundah Village Shopping Centre QLD
  7. The Barracks Shopping Centre QLD
  8. Central Lakes Shopping Village QLD
  9. Robina Town Centre Food Court and Carpark QLD
  10. Sanctuary Cove Shopping Centre QLD - Under development
  11. Aspley Shopping Centre – now called Robinson Road Shopping Centre
  12. Forest Lakes Shopping Centre QLD
  13. Goonellabah Village Lismore NSW
  14. Beenleigh Bulky Good Centre QLD
  15. Bunbury Forum Shopping Centre – Bunbury, WA
  16. Channel Court Shopping Centre – Tasmania
  17. Golden Grove Shopping Centre - South Australia
  18. Marina Mirage, QLD
  19. Post Office Square, QLD - Sold highest sale 2018 for $95 Million
  20. Beaudessert Central, QLD – before the owner purchased
  21. Big Top Shopping Centre, Sunshine Coast
  22. M & A Development Brisbane QLD
  23. Domain Car Park Sydney NSW
  24. Belgravia Leisure Centres (swimming complexes and golf courses 114 properties).
  25. Centre Point Shopping Centre Tamworth NSW
  26. Benowa Gardens QLD
  27. Canberra Centre ACT
  28. Circle on Cavill QLD
  29. Greenbank Neighbourhood Shopping Centre QLD – sold 1 year later after fixing it up for 33 million from 24 million valuation.
  30. Bake House Quarter Sydney NSW
  31. Calamvale Marketplace, QLD
  32. The Village - Upper Mount Gravatt QLD
  33. 140 Creek Street Retail Development
  34. QCCU Townsville
  35. Stockland Burleigh Head and other QLD centre
  36. Woodgrove VIC
  37. Watergardens VIC
  38. Jamberoo, Wollongong NSW
  39. Kippa-Ring Shopping Centre, Redcliffe QLD
  40. Grand Central – Dining Quarter post development review & report
  41. Ripley Town Centre – Ripley QLD
  42. Reading New Market QLD
  43. Valley Metro QLD
  44. Gasworks QLD - Mulpha sold $250 Million 2017
  45. Palm Beach, Papoma NZ - highest foot traffic at 77% in 2000
  46. Goldfields, Thames NZ - Sold fully leased 
  47. Eastgate, Christchurch NZ
  48. Northgate, Christchurch NZ