For the last few decades, the ports industry has been in a state of revolution. This will only accelerate. Bigger ships, increasing competition between supply chains, the need for increased investment in infrastructure to process more cargo and faster from the same footprint, a heightened level of intermodal capabilities and pressures to modernise and expand is resulting in capital needs, outpacing traditional sources of funding. Yet, government's ability to properly fund the capital needs of port continue to diminish. This is forcing ports to reach financial self-sustainability. A port’s property portfolio will increasingly play a major role in reaching this critical state. To achieve this will require a cross-section of highly specialised and proven port real estate services. At Aegir, this is what we do - all of the time.
Port property has several interrelated business dynamics, unknown by mainstream industrial real estate experts and appraisers.
The best approach is focused and targeted, requiring an in-depth knowledge and experience in all facets of industrial, commercial, development, and investment real estate, along with a wide spectrum of knowledge on how economic utility is generated for real estate at ports.
Overwater transportation has become so efficient that it has reached commodity status, with the difference in service, reliability, and cost between major shipping lines and alliances now negligible. Further compression of supply and logistics chains and costs reductions will now result from efficiencies on the land side of the ‘sea-land’ equation.
We continuously strive to effect change, in the port’s financial performance, competitive advantages, and quality of servicing clients through the more strategic use of a port's largest asset - property. Time and again Aegir’s consulting services have proven to be an excellent investment with rapid payback having clear positive impacts to your port’s property and overall performance.
Property will increasingly play a major role in port profitability and funding expansion and modernisation need. Because of this management needs to have a realistic assessment of the true 'market' value if their port property assets. Developing values for their properties will allow more effectively set correct lease rates and better rationalize tariffs with rents and more effectively benchmark their performance as landlords.
At Aegir, our comprehensive, multi-disciplined approach to port property valuations produce comprehensive and corroborated value assessments that is more meaningful and effective for making financial and business decisions.
Historically, ports worldwide have been subsidized by their government shareholders for their capital needs. To more rapidly, achieve an optimal level of financial self-sufficiency, it is critical that ports understand and implement best practices of asset management to their port property portfolios.
Our strategic port property asset management plans, effective roadmaps to better manage a port's property portfolio and benchmark its performance over time.