Insolvency Property Services - Ray White Commercial (WA)

INSOLVENCY PROPERTY SERVICES RAY WHITE COMMERCIAL (WA)

INSOLVENCY PROPERTY SERVICES RAY WHITE COMMERCIAL (WA) SPECIALISE IN INSOLVENCY “PROPERTY SERVICES”.

Led by Brett Wilkins and Stephen Harrison we have ensured that our Sales, Leasing and Management team understand Restructuring, Insolvency and Turnaround instructions.

We understand your process.

We understand your obligations.

We understand your business.

RAY WHITE COMMERCIAL (WA)

Brett Wilkins Property Advisory ARITA Member

Stephen Harrison Director (Sales & Leasing Manager)

Russ Parham Commercial Principal & Director

Chris Matthews Director

CORPORATIONS ACT 2001 - S420A

Whilst we appreciate your instructions may be as “Agent for Mortgagee”, liquidator or Administrator, we have adopted S420A as the guideline for all engagements, protocols and procedures.

The Corporations Act (Commonwealth) provides controller’s duty of care in exercising power of sale.

In exercising a power of sale in respect of property of a corporation a controller must take all reasonable care to sell the asset for: 1. If, when it is sold, it has a market value – not less than the market value, or 2. Otherwise – the best price that is reasonably obtainable having regard to the circumstances existing when the asset is sold We are cognisant of the significant obligations placed upon agents in discharging their duties.

Should there be any controversy concerning the workout or realisation of value for an asset, Ray White Commercial (WA) adopts the strictest internal standards and protocols to demonstrate a clear and defined procedure when appointed including the maintenance of evidence in support of that procedure. This approach protects the liquidator from adverse criticism or challenge.

In that respect and to assist you in discharging your obligations with respect to this property, Ray White Commercial (WA) will: • Maintain files with respect to the appointments for the asset.

• Record and secure all email communications.

• File note any strategies and the logic and rationale behind decisions proffered as a solution.

• Monitor and record market movements and changes and the impact of those market movements and changes on strategic decision making.

• Communicate and confirm all specific instructions clearly and concisely in writing.

All of these actions are taken to demonstrate a clear and unequivocal compliance with Corporations Act.

PROBITY & REPORTING

By working together to assist you in complying with your obligations, Ray White Commercial (WA) will provide you with a Weekly Property Activity Report summarising:

SUMMARY & WORKOUT BOOK

• Enquiry register.

At the conclusion of the sale (whether successful or not) you will receive a final Summary and Workout Book, capturing:

• Number of property inspections.

• Your initial request for a submission.

• Buyer feedback.

• Our submission to you.

• Additional enquiry due diligence reporting.

• Copies of all advertisements that appeared in the press.

• Copies of all client approved advertising.

• All other relevant matters.

We understand probity issues and the high standards of accountability required by such clients; in particular, we are cognisant of the statutory obligations encompassed by section 420A of the Corporations Act. As an example of how we would approach a disposal, our actions would include: • Advice on sale documentation.

• Accurate recording and reporting of enquiries and subsequent contact.

• Consistency in dealings with proponents to ensure equal opportunity.

• Maintaining an accurate record of all information and documentation provided to proponents.

• Appropriate procedures for Privacy Act conformance.

• Respect for proponent’s intellectual property.

• Respect for the confidentiality of bids and subsequent negotiations.

• Recording any concerns and responding expeditiously.

• Adherence to the principles of due process throughout the appointment.

• Copies of all internet listings.

• Copies of all weekly activity reports.

• Summary document of the final sale.

An example of this Workout Book is available on request.

WE WILL We have a broad understand Section 420A of the Corporations Act 2001 and appreciate that insolvency properties require constant attention and strategic analysis. You can rely on us to manage your administrative requirements.

Comply with the Corporations Act 2001 - Section 420A

Use your documentation provided

Understand your specialised sales contracts and clearly explain then to buyers

Have all marketing material and communications authorised by you prior to publication

Send you a weekly marketing report including all enquiries and feedback

Give you 24/7 live access to view your listing in our listing management system so you can see every enquiry

Negotiate the best and final offers as per your instructions

Explain time frames and processes to buyers

WE WON’T We understand probity issues and the high standards of accountability required by such clients and, in particular, we are cognisant of the statutory obligations encompassed by section 420A of the Corporations Act.

We won’t - Endanger your legal obligations under the Corporations Act 2001 and/or to the Courts

We won’t - Act, negotiate or disclose without instruction

We won’t - Post any marketing material without consent

We won’t - Make any price adjustments without consent

RECENT INSOLVENCY ENGAGEMENTS

252 OCEAN KEYS BOULEVARD, CLARKSON Sale Date: May 2019 Client: Allmain

950 ROCKINGHAM ROAD, WATTLEUP Sale Date: Under offer Client: Avior Consulting

31 SAFARI PLACE, CARABOODA Sale Date: Feb 2019 Client: PwC

RECENT INSOLVENCY ENGAGEMENTS

UNITS 18 & 20/524 HAY STREET, PERTH Sale Date: May 2019 Client: Tagma

LEVEL 6/524 HAY STREET, PERTH Sale Date: Apr 2019 Client: Tagma

39-41 STILES AVENUE, BURSWOOD Sale Date: Jan 2019 Client: Palisade

RECENT INSOLVENCY ENGAGEMENTS

33 GLADSTONE STREET, PERTH Sale Date: May 2018 Client: FTI Consulting

259 WATTLE AVENUE WEST, NOWERGUP Sale Date: Jan 2018 Client: KordaMentha

3/39 PAVERS CIRCLE, MALAGA Sale Date: Dec 2017 Client: EY

INSOLVENCY PROPERTY TEAM WE HAVE A TEAM OF EXPERIENCED AND ENTHUSIASTIC AGENTS AND OPERATIONAL STAFF WHO ARE COMMITTED TO THE SALE, LEASING AND MANAGEMENT OF ALL TYPES OF COMMERCIAL REAL ESTATE FOR INVESTORS, OWNER OCCUPIERS AND DEVELOPERS.

Brett has over 35 years of amazing experience in local and international real estate, with a fantastic track record in building and operating real estate businesses, developing and mentoring sales teams, acquiring and developing real estate portfolios, and transacting with major real estate clients.

Brett is a member of ARITA and has led multiple insolvency property engagements.

Brett Wilkins Property Advisory Insolvency Property Services

Stephen commenced his real estate career in his early 20’s with Century 21 in Adelaide, where he quickly became Century 21, South Australia’s highest grossing trainee.

In 2003 Stephen moved back home to Perth to work with Paxton Hoad, before joining a specialist mid-size commercial agency in 2010.

Stephen possesses a Diploma of Property (Real Estate) and his extensive experience in commercial sales & leasing, project marketing, business sales and property development has led to a varied and intrinsic understanding.

Having joined Ray White Commercial (WA) as Sales & Leasing Manager in 2015, Stephen brings a wealth of knowledge and experience to our company for the benefit of our clients and is a Licensed Real Estate Agent.

Stephen Harrison Director

OUR TEAM WE HAVE A DEDICATED MARKET RESEARCHER, MARKETING TEAM AND HIGH QUALITY ASSET MANAGEMENT TEAM. ALL OUR ADMINISTRATORS AND ASSISTANTS HAVE A LONG ESTABLISHED CAREER IN THE REAL ESTATE INDUSTRY. YOU CAN BE ASSURED THAT ALL RAY WHITE COMMERCIAL (WA) STAFF HAVE THE KNOWLEDGE TO PROVIDE QUALITY ADVICE AND SERVICE YOUR REAL ESTATE REQUIREMENTS.

DIRECTORS

RUSS PARHAM STEPHEN HARRISON CHRIS MATTHEWS Commercial Director (Sales & Director Principal & Director Leasing Manager)

ASSET MANAGEMENT DIVISION

AISHLING WALDRON Manager

ANNA COBBOLD Asset Manager

LAUREN MURPHY Asset Manager

KYM RADTKE Asset & Facilities Manager

HELEN ROGERS Trust Accountant

LEISHA LAWRENCE Administrator

ENRIQUE REYES Sales & Leasing

JOSH SUMNER Sales & Leasing

TOM JONES Sales & Leasing

TRACY TOMKINSON Contracts Administrator

COLLETTE HARRISON Bookkeeper & Personal Assistant

SALES AND LEASING

BRETT WILKINS Property Advisory

PHIL ZOITI Hotels & Tourism Associate

CLIVE NORMAN Director of Office Leasing

ADMINISTRATION & MARKETING

MELISSA WRIGHT SINEAD WILLIAMS Office Manager Marketing Manager

CHANEL MEARIS Marketing Coordinator

SINEAD WHITE Personal Assistant to Stephen Harrison

NIGEL TENNANT Sales & Leasing

LACHLAN BURROWS Sales & Leasing

MATT McSWEENEY Office Leasing Cadet

STATEWIDE CONNECTIONS RAY WHITE COMMERCIAL (WA) WHEN ENGAGED BY YOU HAVE THE ABILITY TO REACH OUT TO 55 OFFICES THROUGHOUT WA TO BE OUR JOINT AGENT OR OUR LOCAL AGENT FOR INSPECTIONS WHILST AT ALL TIMES WE REMAIN THE INSOLVENCY REAL ESTATE EXPERT AND YOUR POINT OF CONTACT