PROPERTY DEVELOPMENT
more frequent conversations , our funders developed a deep understanding of our unique business and financial model , and we gained a clearer picture of their requirements .
Together , we moved beyond the generic industry view of property , to a deeper company-specific perspective . The property industry has been changed significantly by the impacts of the pandemic and the office sector specifically so because of forced work-fromhome and new hybrid working
models . Through our regular discussions with funders , it became clear , for instance , that their general concerns about rising office vacancies in the market were less severe for Atterbury . Our office vacancies are now lower than pre-COVID because our office properties are primarily in mixeduse precincts , which gained in popularity during the pandemic .
This communication and understanding proved valuable to all involved , and we intend to keep up more regular conversations with funders . In this way , and others , we are ensuring that we will never be in a situation where a sudden shift in our operating environment can knock us off course .
Embedding what we learn from each crisis into our business practices enables Atterbury
88 JUNE 2022 SA Real Estate Investor Magazine