Master planning

Chez La Mer Budget Accommodation Fully Automated with Pincode Electronic Doors and Video Door Bell all going to a monitored Ap as a back-up for guests who may forget their pins from time to time. Guardian implemented its business case which changed the economics off.

Backpackers above the

Hospitality and Accommodation: Latimer Square, Christchurch Key Clients: The Bicycle Thief (Award Winning). Developer: Dan Tremewan. Engineers: O’Loughlin Taylor Spence. Architects Londsdale. Project Team: In-house Contractors. 7 The Brief: The building was to be converted from car-parking, a language school, and office space to one of the most respected bar restaurants in Christchurch on the ground floor and “Flashpackers” accommodation on the upper floors, for a well-established regional operator. Project Realisation: the building was purchased for NZD 1.9 million, and NZD750,000 was spent on the conversion to “flashpackers” and bar using some of the car-park space on the ground level. The project was completed as per the budget, including a pre-agreed conditional extension of time, and the final valuation on file prior to fit-out contributions from the backpackers was NZD 3.4 Million demonstrating a significant upside in this project.

Location: Boulevard Backpackers and Bicycle Thief, Latimer Square Worcester St, Christchurch, 2004. ∙ Project Area, Type and Proposal: 1457 sq m Office and Car Park Conversion to Accommodation and Retail ∙ Developer Role: Sourced and Acquired site, Completed Concept and Feasibility Study, Arranged Funding, Project Managed  Conversion, Operational Management, Sales and Leasing

Capital, Project and Transaction Value: $2,400,000 Capital Allocation, $3,565,000 Ford

Baker Valuation Jul 2006 and $13,095,000 Total Developer Transactions. 

Key Tenants: Bicycle Thief Award Winning Restaurant, Boulevard Accommodation