Our Projects

JACX Property was engaged as the independent Transaction Manager for the divestment of 88 Langridge Street, Collingwood, a premium asset in one of Melbourne’s thriving commercial precincts. This high-profile sale occurred during a period of rising borrowing costs and heightened economic uncertainty, which made the $77.5 million sale price to an institutional purchaser an exceptionally strong result.

Our engagement included the following key deliverables:

• Independent Transaction Manager, representing the vendor’s interests with a commitment to probity and transparency;
• Selecting and appointing the agent, managing the tender process and contracting with the chosen agent;
• Coordinating closely with the agent on campaign preparation, including preparing detailed due diligence materials, establishing a comprehensive data room, and overseeing feasibility reviews;
• Day-to-day management of communication between the vendor and the agent, providing seamless coordination and updates throughout the process;
• Organising and overseeing all property inspections in collaboration with the appointed agent;
• Independently reviewing all purchase offers to ensure a fair and transparent process, with comprehensive reporting at each stage;
• Providing strategic negotiation guidance to optimise transaction outcomes in line with the vendor’s goals;
• Addressing and managing complex due diligence matters post-campaign, staying engaged to ensure a successful resolution of all issues and a smooth path to settlement;
• Managing all final transaction documentation and liaising with both the agent and the legal team to safeguard the vendor’s interests until completion.

Through JACX Property’s hands-on guidance and expert advisory, the sale of 88 Langridge Street was successfully completed despite market challenges, delivering a transparent and well-documented process with outcomes that exceeded expectations for our client.