About

A long-term property strategy giving Barfoot & Thompson a clear basis for where to invest across its portfolio.

Barfoot & Thompson

Strategic Asset Management Plan

Project Lead

Boris Babic

Client

Barfoot & Thompson

Services

StrategyManagement

Location

Auckland

Sector

Office & Workplace

Status

In progress

Barfoot & Thompson owns a large and varied commercial property portfolio across Auckland, from suburban branch premises to central-city buildings. The agency wanted a clear, prioritised basis for investing in it, one that looked at the network as a whole and decided where to put capital for the long term, rather than weighing each site in isolation as issues came up.

RCP was engaged to build that strategy, reviewing the portfolio for condition, location and performance. That review set the basis for a long-term roadmap covering where Barfoot & Thompson should invest, which premises to hold and strengthen, and where the network needs new or better space for its branches, its people and its customers. The roadmap provided a consistent way to compare very different properties and a sequenced plan to work through.

RCP has provided, and continues to provide, site-specific development advice on the Remuera, Grey Lynn, Ponsonby, Ōtāhuhu, Pukekohe and Te Atatu branches.

367-369 Remuera Road

Barfoot & Thompson had outgrown the ageing buildings on its Remuera Road corner. The brief was a purpose-built home for the branch, a modern four-level commercial building to anchor it in the neighbourhood, with the branch across two floors, a further office level for lease and a mixed-use tenancy activating the Clonbern Road edge.

RCP partnered with Barfoot & Thompson from the outset, giving early development advice and testing the feasibility and investment parameters that set the brief. Through design and approvals RCP managed the consultant team, coordinated the planning and consent requirements and led the contractor procurement, appointing Dominion Construction. RCP continues as project manager and Engineer to the Contract through construction and fit-out, with construction now under way on site.

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