Overview
Olvera Advisors was appointed as Receivers and Managers of PB & Associates Pty Ltd by their secured creditor. This project covered a portfolio of commercial office properties in Norwest and vacant beachfront residential land at Forresters Beach, north of Sydney.
Our objective was to manage the sale process of the propertiesand maximise the return to the secured creditor.
Challenges
- Diverse Property Portfolio: Managing the sale of both commercial and residential properties required distinct marketing strategies tailored to different buyer markets.
- Regulatory and Tax Considerations: Understanding and applying the correct GST treatment for each property type added complexity to the transaction process. It required careful planning and compliance oversight.
Turnaround Plan
We undertook a structured approach, beginning with the selection of a suitable marketing agent experienced in high-value property sales. A comprehensive marketing campaign was implemented to ensure broad market exposure and attract qualified buyers.
Our engagement also maintained open communication with stakeholders and coordinated all aspects of the sales process for both commercial and residential assets.
Results
Key Drivers of Success
- Careful selection of experienced marketing agents with strong local market knowledge.
- A well-planned and executed marketing strategy targeting the right buyer segments.
- Thorough due diligence and proactive management of regulatory and tax considerations.
