Pickles Auctions

  • 330,000 sqm
  • 10 sites across Australia
  • Auction & Valuation

The Brief

Pickles Auctions, an Australian company that specialises in auto and equipment sales and valuations, had a mix of office, warehouse and hardstand spaces across ten different Australian locations and wanted to get a clear picture of its portfolio.

Tenant CS was assigned to carry out a real estate portfolio analysis to identify cost saving opportunities.

The Solution

  • Audit of all sites (including review of lease terms and valuation reports)
  • Property benchmarking
  • Market rent appraisal
  • Identification of cost saving opportunities
  • Recommendations

The Results

After conducting site audits, Tenant CS presented a market rent appraisal for each location based on size, quality and external market factors. This analysis identified underperforming sites, gave Pickles Auctions a snapshot of their real estate assets and revealed potential cost savings of more than $1 million.

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