Fong Group Pty Ltd
FONG GROUP specialises in creating market leading destinations which are owned by the group. Established in 2017, FONG GROUP’s experience in almost all facets of the real estate lifecycle, along with the director’s solid anchor in research positions FONG GROUP to effectively outperform competitors. FONG GROUP has achieved market defining results. Client Private Landlord Representation Track Record to 5 November 2021 1. 2017 - Current = Medical/ Allied Health Investment in Inner North Brisbane circa $7 million to $10 million - Total Annual Return CAGR MSCI Method (in % per annum)= 22.0% 2. 2019 - present = Retail Mixed Use Investment in Western Suburbs of Brisbane circa $3 million to $5 million - Total Annual Return CAGR MSCI Method (in % per annum)= 22.8% 3. 2021 - present = Inner North Brisbane Majority Vacant Medical/ Office Building circa $3 million to $4 million - Total Annual Return CAGR MSCI Method (in % per annum)= 277.2% Tenant Renewal Track Record from March 2020 to 5 November 2021 1. COVID Affected Tenants = 16 tenants out of 31 tenants 2. Lease Renewals (in No. of Tenants)= 12 transacted over 11 potential lease renewals = 109.1% lease renewal rate COVID-19 Related Disputes 1. 3/3 disputes settled in Fong Group’s favour with Legal Advisors of Tenants 2. 3/3 QSBC cases won by Fong Group 3. 21.5% decrease in site valuations Leasing Track Record 3,359.71 sqm of B Grade Office Space
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