Project overview
An office acquisition required independent analysis that connected the existing lease profile and renovation plan to debt coverage and partner returns.
Mandate
- Rebuild the operating case from leases, vacancy, costs and planned capital expenditure.
- Separate operating improvement from leverage and exit-value assumptions.
Model structure
- Lease income, expiry, renewal and vacancy schedule
- NOI and renovation cash flow
- Acquisition sources and uses with debt schedule
- DSCR, IRR, equity multiple and exit-cap sensitivities
How it supported the decision
- Provided a traceable acquisition analysis for investment-committee review.
- Made downside cases and the source of projected returns visible to capital partners.