+ Bookmark This Page    
Preferences  |  4:53 PM
  1. Home
  2. Latest News
  3. Submit Press Releases
  4. Search Jobs
  5. Search Businesses
  1. News Home
  2. News Archive
  3. By Category
  4. By Location
  5. By Date
  6. By Tag
  7. Newsletter
  8. 40,000 RSS Feeds
  9. Submit Free Press Release
   
Filter News
Category

Country

State / Province
Select Country First

City / Town
Select State First

Property Managers Vitol Capital Management: Know your heritage

Property Managers Vitol Capital Management asks, "Is your property heritage listed?" If not, should it be? Or, if it is, do you know your requirements in relation to building and developing the property? VCM has the following advice.
 

FOR IMMEDIATE RELEASE

PRLog (Press Release)Jul 09, 2007 – Vitol Capital Management asks, "Is your property heritage listed?"  If not, should it be?  Or, if it is, do you know your requirements in relation to building and developing the property? Vitol Capital Management has the following advice.

There are three basic heritage lists, says Vitol Capital Management - Commonwealth, State and Territory.  Local councils and even shires also have their own lists and or guidelines.  Some lists are statutory (created by law) and others are non-statutory such as those prepared by professional or volunteer associations.

Because there are several different types of heritage lists, the best way to find out if your property is listed is to either:

  1. search for the place on the Australian Heritage Places Inventory, or
  2. contact your State or Territory heritage agency

Keep in mind that some local councils have heritage lists and some even have heritage advisory officers that can help.

If you need formal advice about whether a property is listed, says Vitol Capital Management, you will need to write to the heritage agency in your State or Territory, your local council and the Australian Heritage Commission. Likewise, if you know a place that should be listed, you may need to check out the different types of lists to see which is the appropriate one - state or territory listings usually provide the most protection for places.

The costs in maintaining, repairing, adapting or upgrading a heritage listed building vary depending on the nature of the building and its use, says Vitol Capital Management.

Vitol Capital Development interview the developers of the Sydney’s Queen Victoria Building and they claim that their repair and maintenance costs are similar to the costs of repairing and maintaining contemporary shopping centers, but much cheaper over a long time span because, as a heritage building, the QVB is constructed of more durable low maintenance fabric.  In addition they do not need to undertake capital works upgrades to keep the shopping centre looking 'new'.  Life cycle costs are therefore cheaper.

The most expensive aspect of repairing and reusing a heritage building would depend on whether there is a maintenance backlog that needs to be overcome, according to Vitol Capital Management.  Once a heritage building is brought back to near original finish, it should be no more expensive to maintain than other buildings.  An important aspect is keeping to a maintenance program.

If backlog maintenance is required, a cost factor would be the availability of specialist trades to repair traditional fabric such as masonry, metal and plaster work. These additional costs can be ameliorated over a longer time span than that applying to structures built from lighter, less durable materials, according to Vitol Capital Management.

When dealing with structural and rising damp problems affecting heritage places and buildings, you're best to seek the opinion of professional heritage consultants - in particular a heritage architect might be the best person.

The most effective way to design alterations of a building, says Vitol Capital Management, is to bring it to a contemporary standard while retaining heritage values is to seek professional and technical advice from heritage advisers, heritage agencies and/or heritage professionals.

Once the heritage values of a building are known, says Vitol Capital Management, and the significance of a place or building has been clearly reported, a range of design alternatives can be developed and considered that enhance and retain heritage values, or have only a minimal adverse effect on those important values.

Proposals that require major alterations and additions to significant fabric and change or remove the important heritage values should be avoided. In such circumstances it may be necessary to consider whether the proposed adaptations and use are suitable, or whether another more sympathetic use would be more appropriate. The preparation of a conservation plan would assist owners to determine the extent of adaptation that would be appropriate.

All sound advice from the leader in property development: Vitol Capital Management.

# # #

Vitol Capital Management advises companies through all stages of acquisition transaction of properties, including the negotiation and preparation of merger and acquisition agreements of property, the negotiation of financing arrangements, the preparation of lock-up agreements, the preparation of any regulatory filings, the preparation and filing of registration statements with respect to any security issued or acquired in connection with the transaction of property.

# # # + Share This Article Click to see PDF Version of this Press Release

Email to a Friend       Previous News   Next News


Issued By:George Avery Vitol Capital Management
Website:http://www.vitolcapitalmanagement.net
Contact Email:Click to email
Phone:1 419 478 0165
Fax:1 419 478 0191
Address:946 Kane Street
City/Town:Toledo
State/Province:Ohio
Zip:43612
Country:United States
Categories:Real Estate, Finance, Banking
Tags:Property, Real Estate, Management, Finances, Services
Shortcut:www.prlog.org/10023254

Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog.Org can't be held liable for the contents of the press releases.   Report Abuse


More Press Releases...

New kids on the Online Bingo block!

Document Storage Archiving Digitizing Scanning Electronic Records Medical Paperless Office Nyc:scan

Debt Settlement One, LLC Announces Creation of Loan Modification Group

Drug Rehabs in Florida

Make Sure Travel Insurance Plan Covers Skiing During Your Winter Vacation Abroad


Related

Salarpuria Symphony Offers You A Luxury Living Experience

Jaypee Pavillion Heights – A New Project By Jaypee Group

Envy For Others Pride For Owners – ILD Spire Greens

Enjoy Premium Luxury At Nitesh Forest Hills

Operations to resume at Gwadar Port 21-Dec 2008


Most Viewed (Last 7 days)

Is Gold a Good Investment? Learn about Gold Bullion - 1102 views

Score! What Business Owners Need To Know About Obtaining Financing In Tough Times. - 937 views

Nothing second-hand about giving…DirectBuy of Tinley Park donates computers to Goodwill; - 775 views

Free Pokemon Pokedex for Download at Pokebar.com - 720 views

"Asia Pacific Group" – Insurer AIG May Yet Fall. - 580 views



Previous News

Next News

Are you a Journalist?


For Businesses ...


Tutorial on Free Marketing


January 2009
Fr Th We Tu Mo Su Sa
9 8 7 6 5 4 3
2 1
December 2008
31 30 29 28 27
26 25 24 23 22 21 20
19 18 17 16 15 14 13



  1. SiteMap
  2. Contact PRLog
  3. Privacy Policy
  4. Terms of Use
  5. Copyright Notice