St Martins Management Pty Ltd           

I feel compelled to write this letter to formalise the efforts of Lease Equity and in particular Jim Tsagalis over the last five years with our company St Martins Properties.

From the first day of Jim’s involvement it has been a pleasure to deal with such as honest, straight forward and professional individual. His knowledge of the retail market locally and nationally cannot be surpassed and his relationship with both owners and tenants on a local and national basis is second to none.

Lease Equity have been a major player in adding major value to our substantial holdings in Perth and I look forward to their continued involvement in future projects as we move forward.

On a personal note over the period of our involvement I am pleased to say that Jim Tsagalis has become one of my Perth friends.

I would have no hesitation recommending him for any assignment both large or small where you require personal and professional representation.

John Apps
Managing Director

Doric                                                   

On behalf of the owners of the Secret Harbour Shopping Centre, I would like to congratulate Lease Equity on the work your firm has undertaken at Secret Harbour Shopping Centre.

From the initial feasibility to project leasing and now the management of the shopping centre, your staff have displayed great professionalism and achieved outstanding results.

The centre is fully leased at substantially greater rentals than those anticipated and achieved a tenancy mix far superior to that of comparable sized shopping centres.

We will have no hesitation in using Lease Equity again in the future.

David Henry
Property Development Manager

Wilson Management Services                

Our family investment companies own a number of properties including two in the Hay St Mall.

Whilst we manage these properties ourselves, we use Lease Equity’s services for providing strategic advice and undertaking the leasing.

We have dealt with Jim Tsagalis for many years and have always found him to be an excellent strategic thinker who would work tirelessly to achieve an outcome far better then we had believed could be achieved. Jim has introduced International and National tenants to our properties on commercial terms which have set new benchmarks for the Perth CBD.

Prior to Jim's re-entry into the Perth CBD retail leasing market by way of Lease Equity the CBD lacked a person or agency who truly understood the specific requirements of CBD retailing and as a result retail leasing took a serious downturn for several years. Jim’s reintroduction to CBD leasing on forming Lease Equity coincided with the reinvigoration of the City and a number of significant new leasing deals in the Perth CBD. Most of these had Lease Equity’s inputs due to Jim’s ability to market and think out of the box and as a result he has successfully introduced new flagship National and International branded tenants into the CBD.

We enthusiastically support Lease Equity and would be happy to speak first hand to any group if desired.

Leslie Wilson
Director

Primewest Management Ltd                  

We are pleased to provide this reference for Lease Equity and confirm we have engaged them on a number of our retail projects including 1 Forrest Place in the Perth CBD, Gosnells Shopping Centre and Northlands Plaza. We have always found them to be extremely professional in all of our dealings.

By way of background Primewest Management Ltd is a well recognised wholesaler syndicator and developer dealing in realty and owns, and controls and manages a portfolio of over $850million in commercial, bulky goods and retail properties throughout Australia.

Lease Equity has always provided advice based on sound property management and leasing fundamentals. They have also been prepared to offer advice on how to enhance the value of our assets including offering predictive advice in relation to market trends.

We have no hesitation in recommending Lease Equity and should you require any further assurances in this regard, please do not hesitate to contact us directly.

Julian Lodge
Chief Executive Officer

Property Bank Australia                        

Lease Equity were engaged to provide consultative advice and project lease 255 Murray Street Mall. They set new benchmarks for properties on the Murray Street Mall and introduced two international tenants on long term Leases, and on other financial terms in excess of our expectations.

Lease Equity is deservedly regarded as one of the leading retail leasing and property management firms in Western Australia.

Sandy MacKellar
Director

Ipsaro Securities Pty Ltd                       

Lease Equity approached Ipsaro Securities with a submission to undertake the leasing of the retail component of our Stage I Main Street development in Ellenbrook.

Using their relationship with local, more importantly national retailers and their extensive knowledge of the retail market, Lease Equity identified target retail uses that would compliment the development and the Ellenbrook community alike.

Upon completion of the leasing campaign, Lease Equity had achieved rentals well above expectation and had leased over 40% of the shops to national retailers.

Lease Equity have since been appointed to provide Ipsaro Securities with consultancy advice and leasing to the retail component of our Stage II Main Street development. This is testament to their strong relationships with national retailers and expertise in the retail market.

I have no hesitation in appointing Lease Equity to project lease any future retail developments my company undertakes, as I believe they have achieved a balanced tenancy mix which has maximised the property value.

Joe Passione
Managing Director

Arthur Litis Nominees                            

It gives me great pleasure to write this testimonial to highlight the efforts and outstanding results Lease Equity have achieved for our portfolio of retail property.

We approached Lease Equity to review and analyse our property portfolio, which until then had been directly controlled in-house. With their expertise and knowledge of the retail property industry, Lease Equity were quick to identify a number of key areas where they could substantially increase the value of our assets.

Lease Equity sold one of our shopping centres off market at a phenomenal yield of 4%, well above the average yield being achieved in the market at the time. Furthermore, they secured a national tenant for another one of our properties, which in turn increased its long term value significantly.

We have since appointed Lease Equity to manage our hallmark property asset, in order to benefit from all areas of their expertise.

We have been extremely impressed with their services to date and look forward to continuing a close business and personal relationship through the management of our property asset.

Jim Meneely

Claremont Investments Pty Ltd                   

Lease Equity has been managing many of my more prominent properties since 2002.

Starting with one property, they quickly proved their worth and I soon transferred the management of my other Perth properties to them…essentially to benefit from their expert knowledge.

My association with Lease Equity has been a happy one, and their advice on adding value and innovative approach to asset management has been outstanding. Hence I have no hesitation in recommending their services to anyone with real estate interests.

I have always found their management team easily contactable and pleasant to deal with. They are also quick and efficient. Having my properties under one manager has the advantage of not constantly having to re-explain the history of my properties to different or changing managers which I had experienced before.

I am intending to continue my professional association with Lease Equity for many years to come.

C.T. Tan
Director

Gelare International Pty Ltd                   

As the founder and Managing Director of Gelare International, I have been involved in property and commercial leasing throughout Australia, Asia and the USA over the past two decades. We have now established 35 outlets and several offices in those countries.

I was introduced to Lease Equity when leasing a new Gelare store in Perth a couple of years ago. I was extremely impressed by their professionalism and knowledge of the market that I appointed them to lease and manage my own retail property.

With their recommendation to subdivide the 240 square metre premises into three shops, Lease Equity achieved maximum possible rents, excellent lease terms and a considerable increase in the value of my property which I sold a few months later.

Due to the nature of my business I am constantly involved in dealing with various property companies. Lease Equity has been a World Class firm in terms of their superior knowledge of the market, adding value, integrity, loyalty and delivering results.

I take this opportunity to express my appreciation to the Lease Equity team and look forward to our continuing working relationship in the years to come.

Fred Torabi
Director

Fondstream Pty Ltd                             

Lease Equity manage and lease a number of properties within our family portfolio. We have been clients of Lease Equity since their inception in 2002 and it is a pleasure to deal with a company who are professional, offer a personalised service and strive to deliver the best possible outcomes for their clients.

Our two properties in Perth, which Lease Equity recently leased, are very unique in terms of their location and design. With this, Lease Equity were able to secure tenants who would compliment both the building and its destination style location. They offered comprehensive advice to the redevelopment of the building and with their strong understanding of the retail property industry, Lease Equity were also able to achieve rentals in excess of the market. As a result they enhanced the value of these two assets.

The key to making a retail property viable is not just the rental one achieves but identifying what retailer would best utilise the space and compliment the location alike. Lease Equity were successful in achieving both these objectives.

We have great pleasure in recommending Lease Equity and look forward to a continued relationship in the future.

Paul Sparta
Owner

Greenwood Assets                               

Our involvement with Lease Equity goes back to 2006 when we appointed the company to undertake a tenancy review of one of our Neighbourhood Shopping Centres. Lease Equity was appointed leasing agents and subsequently managing agents of the centre.

The team at Lease Equity has utilised their extensive retail knowledge to enhance the value of the property through the implementation of an effective tenancy mix strategy and minimisation of expenses without having a detrimental effect on the asset.

The advice offered by this dynamic young company shows it is will in tune with the latest trends. The company endeavours to ensure that the work they do today, will make a positive impact tomorrow.

Lease Equity is able to keep pace with the ever changing challenges that face the retail and shopping centre environments and we welcome their continued involvement with our projects.

Martin Steens
Director