Box Hill Commercial Property Joint Investment
Emphasising information disclosure and cooperation boundaries.
Box Hill Commercial Property Joint Investment — A stage-based summary of coordination conducted under client authorisation. Commercial terms and client names are confidential.
Project Background
Chinese investors planning a joint acquisition of a Box Hill street-front commercial property, requiring lease and capital expenditure due diligence.
Key Challenges
Lease had only 2 years remaining; tenant intending to sublet. Roof waterproofing works not fully disclosed by seller. Joint investors had only verbal equity agreements.
Solutions Implemented
Lawyer reviewed lease and engineering report. Compiled capital expenditure Q&A. Drafted joint investment terms checklist meeting. Held off on signing until documentation confirmed.
Stage Outcomes
Completed due diligence report and negotiation terms draft. One party withdrew; remaining two adjusted ratios. Project entered 60-day exclusivity observation.
Due Diligence and Exclusivity
The engineering report identified that the roof waterproofing membrane had not been overhauled in nearly 3 years; after the seller provided supplementary maintenance invoices, the buyer adjusted the offer range. The project entered a 60-day exclusivity observation period, with the intermediary minutes listing five pending terms.
Next Steps
Project entered 60-day exclusivity observation. Joint investment terms checklist revised by lawyer and proceeding to next negotiation round.
Case Enquiry
If your situation is similar, please email indicating category, target market and timeline. We will arrange a meeting with the relevant colleague.
Lease Due Diligence
Lawyer reviewed lease and engineering report.
Disclosure Supplemented
Roof waterproofing invoices supplemented; offer adjusted accordingly.
Terms Checklist
Five pending joint investment terms written into meeting minutes.
Exclusivity
60-day exclusive observation period.