Got a Vacant Property?
How Does it Benefit The Property?
Got a property that is temporarily vacant? Be a space changer. Bring life to your property and demonstrate its potential to prospective
tenants. Properties are much more likely to be leased if they and the area around them are active.
Urban Dream Brokerage (UDB) is one of many agencies around the world, who have successfully proven the power for urban revitalisation of brokering the temporary use of vacant property. We find the right project for your property and ensures insurance, licensing and care for property are handled professionaliy and smoothly with minimum interruption to you. Details on how it works can be found here.
UDB is managed by Sophie Jerram and Mark Amery, who over three years with public art programme Letting Space have worked with property owners to develop creative ideas for vacant space and realise them. Partners have included The Wellington Company, Prime Property, Willis Bond, Ananda Investments Ltd, CBRE, Building Solutions, the Sustainability Trust, and Port Nicholson Block Settlement Trust.
Urban Dream Brokerage has been supported by the Wellington City Council with the assistance of the Wellington Branch of the Property Council of New Zealand.
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The commercial potential of the building is proven: The commercial value of a building is at risk if left empty. If a building is being used it can prove its potential and becomes attractive for future investment. The property remains for lease, but with an activity demonstrating its use. More attention is drawn to your property. The energy invested attracts more people to the area and, over time, raises the value of your property and the area' s reputation.
Your building is taken care of:
Illegal intrusions, vandalism and graffiti entail costs for owners.
When buildings are temporarily used, they are cleaned and taken care of
and activities and events prevent them from looking abandoned.
The building finds a natural purpose: There are many examples of industrial and commercial buildings finding new uses based on the community’s artistic and creative needs. The building creates life in the area through daily activities and events and thus becomes a cohesive part of the local area. The building is transformed from an empty shell to a space with a purpose.
Businesses and careers are developed: You directly support the growth of new creative businesses in Wellington. Responsibility for property develops business skills. The city needs areas to be of mixed use to ensure its future health.