In our previous post, we delved into the intricate world of "make good" provisions within commercial lease agreements. We explored the challenges these clauses often pose to both landlords and tenants, touching upon interpretations, financial implications, sustainability concerns, and more. As we continue our journey through the realm of commercial leasing, it's time for [...]
Amidst the dynamic landscape of Australia's $49.15 billion commercial real estate industry, featuring over a million commercial leases managing the interactions between landlords and tenants, understanding the intricacies of the "make good" provision is pivotal. With tenants seeking to mitigate future disputes and report contingent liabilities (AASB116, AASB137, IFRS16) and landlords striving to safeguard [...]
In an era marked by unprecedented environmental challenges, the imperative to adopt sustainable practices is more urgent than ever. Amidst growing concerns over climate change, companies that wholeheartedly embrace renewable energy sources, remote work solutions, and electric vehicles set a powerful example. Redd Zebra, has always thought differently, this is exemplified by integrating solar panels, [...]
The evolving dynamics of remote work and office-based operations have raised important questions about the existing workplace infrastructure and its compatibility with the current workforce. Redd Zebra recently consulted with prominent tenant representatives who have observed a fundamental shift in the way we work over the past two years. While corporations and governments encourage [...]
Early in 2020, as the world was entering the first stage of what was to become ongoing lockdowns, images were broadcast around the world showing pollution free skies and clearing waterways. If there was any doubt before, here was pictorial evidence that our modern way of life was having an undeniable impact on the world [...]
Not one to shy away from a challenge; and let's face it we have all been challenged since the onset of COVID, Redd Zebra's MD Keith Merry took another leap of faith. Keith completed his first skydive (tandem) reaching a height of approximately 4.2klm (14,000ft) in a perfectly serviceable light aircraft, before the leap [...]
Redd Zebra has always focused on sustainable efficient management of our existing buildings, this is just good commercial practice; for the environment and ROI. Our MD recently completed Circular Economy and Sustainable Strategies course to enhance our existing expertise in ESG. The challenge to "be the change you want to see in the world" [...]
Redd Zebra were very proud to have played a small part in launching Australia’s first drive-through vaccination hub by providing the assistance to Bunnings Group Limited to enable the Victorian Government access to our former Melton store. The store’s former timber yard and nursery is now an innovative, convenient, and safe place for the local [...]
The global response to the pandemic has impacted the leasing market with changes being felt across all sectors. Vacancy rates are rising and subleasing of office space is reported at record highs in Australia's eastern state capitals. Organisations that were reluctant to ‘trust’ their employees to work from home over productivity issues and employee [...]
According to recent JLL and CBRE research, 2019 saw transaction volume of approximately $40 Billion in commercial property across Australia (surpassing the 5 year average of $36 Billion). This was attributed to large transactions in the office sector (Approximately $22.5B). However, 2020 volumes are expected to be lower due to the coronavirus which has created [...]
