We identified a well-located city center property set in a bigger historical development with preserved colonial monuments and former industrial buildings. The 2,300 sqm property was built in the 1920s and was designed by Hungarian-Slovak architect legend Laszlo Hudec. The building has the original Spanish façade and the interior is graced with teak flooring, a grand patterned stone fireplace, solid twisted stone columns and a spiral staircase with cast iron railings. It also has a rich history as an international gathering place for artists, intellectuals and diplomats.
After our locational and financial analysis, we projected that this project will be able generate in excess of 18% IRR investment returns. Through our networks and government relationships, we managed to acquire the building on a long lease. We undertook design and refurbishment works for the building, which were in line with the concept that RTG Consulting Solutions had produced. We did the leasing to ensure the tenants were aligned with our concept and saved a space, which we operated by ourselves as an experiential event space. Our positioning and returns were attractive and we exited by selling the lease.
Case Studies | TREND FORECASTING
Case Studies | MERCHANDISING STRATEGY
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1 Hong Qiao Road
Shanghai, China 200030
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7 Straits View,
Marina One East Tower,
#05-01 Singapore 018936
+65 6289 0501