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Kelwyn Teo

Kelwyn Teo

Director, Structured Transactions and Advisory Services, Sydney

Kelwyn Teo is the Director of CBRE Structured Transactions and Advisory Services division.

Sydney, NSW

Kelwyn Teo Director Sydney, NSW
North Sydney Level 29
177 Pacific Highway
North Sydney, NSW 2060

Professional Experience


Prior to CBRE, Kelwyn was part of the Grant Samuel Property Investment Banking division, and was involved in sourcing competitive equity and debt finance for development projects and property investments, advising on project feasibility and financial structuring for development projects, transaction management support for acquisitions, divestments and sales- and-leaseback,  and  undertaking  independent portfolio reviews.

Kelwyn started his career in the Assurance and Business Advisory Services division of PricewaterhouseCoopers, specialising in the financial services industry. During this time, he provided assurance and other advisor services including compliance audits to the firm’s major real estate institutional clients and investment banks active in the real estate market.

He was also admitted to the Institute of Chartered Accountants of Australia as a Chartered Accountant during this time. He has worked on a number of major development and property projects in terms of feasibility and market analysis, financial evaluation, structuring and delivery.

Expertise


Professional Affiliations and Accreditations
  • Member - Institute of Chartered Accountants Australia


Education
  • B. Comm (Hons) CA (University of Sydney)


Significant Assignments


  • EXPERIENCE BY ASSET CLASS / TYPE OF PROJECT MIXED USE / RETAIL

      • Sydney Harbour Foreshore Authority
    Delivery structuring and financial feasibility and funding analysis of the major ($4bn) East Darling Harbour precinct for the expansion of the Sydney CBD
     
      • RNA
    Delivery structuring and financial feasibility and funding analysis for the major redevelopment of the RNA Showgrounds (Brisbane) involving some 340,000sqm GFA of commercial office, retail and residential uses
     
      • Hunter Development Corporation
    Financial feasibility and structuring analysis on the appropriate site packaging and delivery structure for  the last stage of the Honeysuckle precinct involving some 200,000sqm GFA of office, retail, residential and hospitality uses
     
      • Adelaide Brighton Limited
    Property analysis and transaction management for the disposal of its Essendon North commercial office site
     
      • Gazal Corporation Limited
    Property financial advice and evaluation of bids relating to the redevelopment and consolidation of its corporate head office and main warehouse facilities
     
      • Bunnings Warehouse
    Preparation of EOI and bid evaluation for the sale-and-leaseback of Bunning’s’ 11 properties with an estimated market value of $200m

      • Parkview
    Preparation of EOI and bid evaluation for the equity investment opportunity relating to the Trade City Development in Campsie, Sydney
     
      • Parkview
    Preparation of EOI and bid evaluation for the equity investment opportunity relating to the mixed use development (office, retail, residential and hotel) at Penrith Centre

      • BAE
    Financial structuring analysis and advice to determine the preferred tenure and financial structure over a major project site
     
      • Novartis
    Financial structuring analysis and advice to determine the preferred ownership and financial structure for its consolidated Sydney facility
     
     
  • GREENFIELD  DEVELOPMENT
      • Penrith Lakes Development Corporation
    Financial structuring and development advisory for this major quarry re-use project, which includes residential, business park and recreational amenities. Build out-value circa $4bn
     
      • Adelaide Brighton Limited
    Financial structuring and project delivery advice for its 2 major sites: (i) Geelong – a mixed use development site of 2,000ha of build-out value of $1.5bn; and (ii) Rapid Bay, South Australia, a large residential project of build-out value of circa $1bn
     
      • Donaldson Coal
    Financial structuring and project delivery advice for the redevelopment of its major quarry site in Maitland, NSW, with a build-out value of circa $2bn
      • Cornerstone Property Group
    Financial structuring and project  delivery advice for a major redevelopment site in Canberra, ACT. Build out-value circa $300m
     

  • INDUSTRIAL SECTOR
      • VicTrack
    Economic assessment and financial feasibility input as part Stage 1 of the Newport rail precinct masterplan study and analysis
     
      • Adelaide Brighton Limited
    Property analysis and transaction management for the disposal of its Nowra and Fyshwick industrial sites
     
      • Cemex (formerly Rinker)
    Market positioning assessment and transaction management for the disposal of the serviced 39ha Erskine Park industrial estate
     
      • CSR
    Market positioning assessment and transaction management for the disposal of the serviced 39ha Erskine Park industrial estate
     
      • British Aerospace
        Financial structuring analysis and advice to determine the preferred tenure and financial structure over a major project site
      • Novartis
        Financial structuring analysis and advice to determine the preferred ownership and financial structure for its consolidated Sydney facility  
     
  • BUSINESS PARKS SECTOR
      • NSW Department of Planning
        Strategic review of its 1,800ha surplus property portfolio (industrial, residential, special zone etc) within the Sydney Metropolitan region, including a market appraisal and positioning of individual sites. A number of these sites co-exist with existing and planned rail operations  
      • CSRIO
        Strategic review of its whole of Australian property portfolio with a $1bn book value, including alignment of portfolio against business KPIs/objectives, financial structuring advice for its core assets to allow for capital reinvestment, asset recapitalisation as well as structuring of its surplus assets to optimise value return  
     
  • RETAIL SECTOR
      • Woollahra Municipal Council
        Financial evaluation of the redevelopment proposal of the Kiaora Lands Double Bay Site involving the Woolworths’ supermarket, specialty retail and office
      • Woollahra Municipal Council
        Review and financial evaluation of the retail lease structure relating to the Cosmopolitan Centre at Double Bay, Sydney  
     
  • RESIDENTIAL  SECTOR
      • NSW Department of Housing
        Was the CBRE Project Director for this project, involved with supporting the Department in its $1.7bn Nation Job Building Plan. Responsibilities included financial due diligence, bid evaluation, negotiations and commercial terms finalisation. This Plan intends to deliver up to 6,500 new dwellings to NSW by 2010 as part of the Federal Government job stimulus program  
      • NSW Department of Planning
        Financial evaluation and structuring advice of the project delivery structure between DoP and Landcom over the proposed residential development at Doonside (700ha), NSW  
      • Cemex / Rinker
        Financial evaluation including financial structuring advice for the proposed residential redevelopment at East Gawler, South Australia, including the short-list of bidders  
     
  • CONVENTION AND EXHIBITION CENTRES SECTOR
      • Sydney Harbour Foreshore Authority
        Evaluation of Sydney’s future exhibition space requirements, including potential expansion of the Sydney Convention and Exhibition Centre  


  • TOURISM, LEISURE AND ENTERTAINMENT SECTOR
      • Centennial Park and Moore Park Trust
        Advised CPMPT on several proposed development opportunities on its current land holdings and redeployment of existing property assets - Project value of circa $50m


  • AGED CARE / RETIREMENT SECTOR
      • United Care Ageing
        Financial structuring advice for the joint development delivery proposal in relation to the proposed redevelopment of the 3ha Shellharbour site


  • EDUCATION  SECTOR
      • Charles Sturt University
        Strategic property advice, development feasibility and structuring analysis as part of informing the disposal strategy for its central Albury campus site (4ha)
      • University of New South Wales
        Involved in the EOI process for the sale-and-leaseback of several properties within the Kensington campus including the financial evaluation of bids and negotiations with bidders 
      • University of Sydney
        Valuation assessment of its Arthursleigh Site (1,000ha), Goulburn to provide the University with a benchmark with which to compare the bids put forward by several bidders (e.g. Energy Australia, Delta and Transfield) to build a peak-power station on-site 
    Kelwyn Teo Director Sydney, NSW
    North Sydney Level 29
    177 Pacific Highway
    North Sydney, NSW 2060