Services

Deep experience in every facet of commercial, industrial, and investment real estate, along with an in-depth understanding of the ports and maritime and related logistics industries is our cornerstone and basis to developing meaningful strategies towards making ports’ largest asset their most strategic ones.

Approaching each challenge through a multi-disciplined prism of professional expertise ensures that solutions be innovative and represent practical and measurable strategies that will be, above all else, market driven. Only in this fashion can you be assured changes made in the management of your port real estate will render ‘real’ returns operational synergies, and client satisfaction for your organisation.

One Example is that while ports constantly look to outperform widely available, and readily understood, key operational performance indicators, they do not benchmark their largest asset-property in the same manner – Why should this be?

Aegir will provide you with the type of comprehensive, specialised port property advice for you to be able to effectively 'sweat your real estate assets' in the most optimal fashion possible with measurable results.

Port Real Estate Services

Cargo containers ship logistics transportation Container Ship Vessel Cargo Carrier. import export logistic international export and import services export products worldwide

Port Property Consultancy

Afternoon aerial view of busy container cargo facilities and passing ship on August 16, 2016 in Long Beach, California, USA.

Port Property Valuations and Appraisals

Strategic Port Property Asset Management

Port Real Estate Services

OUTLOOK

The ports industry has been in a state of revolution for the last few decades. This will not soon change. 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 expand is resulting in capital needs that outpace traditional sources of finance and government's increasing inability to properly fund ports. This is forcing ports to ensure all operating and capital assets are performing at peak financial efficiency, especially their largest one – property. To ensure this requires, a cross-section of highly specialised and proven port real estate services. At Aegir, this is what we do - all of the time.

STRATEGY

DELIVERABLES

Our services are not only cost-effective but represent an excellent return on the investment. This is accomplished through the delivery of the requisite type of data, analyses and independent, professional advice necessary to ensure that meaningful financial goals and objectives are achieved, and clients' service expectations exceeded.

These services include:

On and off port expansion strategies
Highest and Best Use development and building assessments of port and port related properties
Conducting lease analysis and structuring of leases
Analysing and structuring development joint ventures and build-to-suits for specialised port facilities
More representative valuations of port properties

Most challenges require the ability to develop, manage and execute well defined targeted and easily implemented strategies. Port properties have several interrelated business dynamics not readily understood, by mainstream real estate experts.

Any ‘shotgun’ approach to address problems will cost time and money and rarely produce desired results. A focused and targeted approach requires an in-depth knowledge of all facets of industrial, commercial, development, and investment real estate, along with a wide spectrum of knowledge of the business dynamics, revenue streams, and business models of ports to achieve meaningful and measurable results.

Port Property Consultancy

OUTLOOK

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 cost reductions will now be found on the land side of the ‘sea-land’ equation.

Property is the integral, common element linking ports to the maritime and logistics industry. At Aegir, we have long recognised property as the most underutilised strategic asset at ports. This is the new frontier for more efficient client services, revenues, and profitability for ports today. To achieve this, a wholistic approach is required to identify challenges, uncover opportunities, and to develop practical, market-driven, solutions.

STRATEGY

Decisions made about port property need to be carefully assessed, implemented, and managed, as the resulting wide ranging financial, operational, and competitive ramifications will significantly impact ports, their shareholders, and stakeholders for decades to come.

Properly managed port real estate can significantly impact revenues, result in real competitive advantages, more efficient port supply chains, and have notable positive impacts on a port’s environment, community relations, and overall port values.

DELIVERABLES

Aegir’s wide range of port related real estate services delivers:

enhanced property asset values
maximised property-based revenue streams
reduced real estate carrying costs
increased comparative advantages to better attract and retain clients
leases structured to produce real returns and cost recuperation for port facilities, land and infrastructure
port facilities meeting exact client needs, built for longer asset life spans
identifying meaningful port property base line asset values to produce higher yielding leases, joint ventures and public private partnerships
financial diagnostic assessments of property portfolios to create meaningful financial performance benchmarks

At Aegir, we strive to effect change, change in the port’s financial performance, competitive advantages, and quality to service clients through a more strategic use of its largest asset - property. Time and again Aegir’s consulting services prove to be an excellent investment with rapid payback and clear positive impacts on your port’s property and overall performance.

Port Property Valuations and Appraisals

OUTLOOK

Property will increasingly play a major role in the profitability and manner ports finance their expansion and modernisation needs. Because of this, senior management needs to have a realistic assessment of the true ‘market’ value of their port property assets. Developing corroborated base line values for their properties will significantly allow ports to better administer their business, make better decisions on setting appropriate lease rates and tariffs, and allow them to more effectively benchmark their financial performance.

STRATEGY

The valuation and appraisal of port property is challenging. This is because of the specialised nature of ports, their assets, and business dynamics, and the impact they have on real property asset values - not readily understood by mainstream real estate appraisers.

Ports typically do not sell property. Therefore, there is a dearth of true like-kind sales transactions to benchmark. This results in flawed valuations using this approach to value.

Without properly determining reproduction costs, using unrealistic land values, and not having the experience and knowledge to analyse current and potential income streams, meaningless value estimates will result using the income approach.

We surmount these challenges by accessing databases of operational, income and market and property data for the industry and having a team of proven port, logistics, shipping, and port property experts.

This ensures our clients receive the most comprehensive approach for producing relevant analyses and valuations of their real estate assets.

DELIVERABLES

At Aegir, our comprehensive, multi-disciplined approach to port property valuations produce comprehensive and corroborated value assessments that results in more realistic port property values with which to produce more financially productive lease rates and better measure the financial performance of the property.

Strategic Port Property Asset Management

OUTLOOK

Historically, ports worldwide have been subsidised by their government shareholders for their capital needs. Today, the ability of governments to fund the modernisation and expansion of ports has significantly diminished; a trend that will continue. Ports increasingly will need to be self-funding, and this will require the optimal financial performance of all their assets – especially property. Additionally, with the ever-increasing complexities of managing ports and the growing competition between them and their respective supply and logistics chains, it is increasingly critical that ports need a more effective tool to manage their port property portfolios in a more strategic and effective manner.

STRATEGY

Specialised strategic port property asset management plans ensure that each real estate asset generates the maximum revenue, achieves the highest value and produces the most competitive advantages possible for the port.

By overarching a port’s strategic plan and core business mission, and with proper processes in place, senior management can more easily and effectively manage their business from both a time and cost standpoint. Meaningful performance benchmarks and constant monitoring allow for manageable assessment of portfolio performance and re-calibration of the assets to ensure that optimal financial efficiency is maintained.

DELIVERABLES

Property asset management is defined as: ‘The acquisition, administration, re-development, re-use and disposal of real property assets in such a manner that the owner’s business and financial missions, goals and objectives are supported and achieved in the long run and add economic value.’ In other words, port property asset management means ensuring an organisation’s property portfolio operates at optimal efficiency to create maximum revenues, values and synergies supporting its core business goals and objectives.

Port properties range from any type of industrial or commercial facility with single or multiple tenancies, vacant land, to berths and terminals. Port property asset management plans ensure that port authorities will save money on real estate operating and holding costs and that client/tenant satisfaction and revenues are maximised.

Our strategic port property asset management plans take into account a comprehensive assessment of the property portfolio, current and targeted markets, a port’s overall strategic plan and the short-, medium- and long-term goals and objectives of the port, especially its capital expenditures, in a comprehensive yet concise document that is easy to understand and implement. It is an effective roadmap to manage the property portfolio and benchmark its performance over time.