Trio Property prepared an independent Request For Proposals (RFP) for a site in the lower Hunter Valley. The client sought an RFP for a development partner to join them in the delivery of approx 2,000+ residential allotments as well as over 200ha of industrial and business zoned lands.
Within 9 days, Trio Property was able to prepare the RFP documents in consultation with the client, seek expressions of interest from prequalified Tier 1 and Tier 2 developers, assist in the construction (and eventual operation) of a virtual data room, provide guidance and assistance in the finalisation of the due diligence documents made available with the data room, and coordinated meetings with each tenderer.
Trio Property handled all data room Q&A matters and assisted the client in the final selection of the development partner, as well as the negotiation and preparation of a Project Delivery Agreement (PDA) between the two parties.
Trio Property has also been assisting Flow Systems in the finalisation of a planning proposal for the site, currently in the latter stages of the Gateway Process. Trio Property assisted in the management of documenting a new vision for the site, liaison with two Council’s, local and state authorities, as well as other local stakeholders such as South Maitland Rail.
The planning proposal is estimated to be finalised and approved by late 2019, or early 2020.