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PFA Learning Series – Office Property Lease Incentives

Hosted by Yardi, our property experts will discuss Office Property Lease Incentives

The impact and risks for owners, legal documentation and valuations

Lease incentives are a significant part of the Australian office sector. Our speakers will present and have a panel discussion on the impact of office leases from the perspective of ownership, legal issues and  valuations. Key issues will be: changing demand levels in the short and long term and why this impacts the way in which the sector uses incentives; differences between direct leased space and sublease space and how this can wash through to asset values; how incentives can be an effective tool; how you apply incentives and what the documentation looks like for the differing types; and how valuers extract the numbers they need to produce realistic valuations with compressed diligence timeframes and lack of clarity around the data.

Moderated by Nicola Woodward, Partner, Property & Environmental Services, KPMG, our panel of property experts include: Michael Cook, Carrie Rogers and Greg Preston

PFA Members – Complimentary

Non PFA Members – $50.00 + GST

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Event Details

7th October, 2021
10:30 am - 11:30 am

Event Speakers

Michael Cook

Investa Office

Group Executive

Carrie Rogers

Clayton Utz


Gregory Preston

Preston Rowe Paterson

Managing Director Investment Valuation & Capital Markets Advisory

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Greg Preston is a founding Director of Preston Rowe Paterson and continues to be a pivotal figure in the growth of the business. Greg and his fellow directors have successfully grown Preston Rowe Paterson’s operational presence since 1988, from one office in Sydney to 28 offices in Australia, 4 offices in New Zealand and has formed strategic partnerships with other valuation firms in China, United Arab Emirates, Japan, Thailand and the Philippines.

Greg has extensive experience in real estate valuation, advisory, asset management, acquisitions, disposal and leasing; covering all facets of real estate and infrastructure. He has been involved in numerous major investment property transactions and has advised on a number of significant developments in the Sydney CBD.

Greg acts for major REITS, corporations, trusts, funds, government, banks, superannuation funds, private investors and developers in relation to commercial, retail, industrial, hotel and leisure, and residential property. He has also acted for clients in relation to major infrastructure asset classes including airports, shipping ports and other infrastructure projects.

Greg, who has a degree in commerce and masters in applied finance, is a Life Fellow of the Australian Property Institute (API) and Fellow of RICS. He recently won the API Colonial Alfred Clifford Catt Award for services to the property profession. Greg sits on the executive of the Property Funds Association of Australia and is also a graduate member of

Nicola Woodward



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Nicola is an experienced property consultant with over 25 years’ experience in the property industry. Originally a property valuer with the Valuation Office Agency, Nicola specialised in capital allowances and tax depreciation for Arthur Andersen in London prior to moving to Australia in 2000. Nicola was a founding Director of Apex Property Consulting, a boutique capital allowances practice, which was acquired by MBMpl in 2011.

Nicola advises clients on how best to optimise the allowances available and how to better manage their fixed asset registers over a building or portfolio’s lifecycle. She has advised on portfolio-wide capital expenditure planning initiatives across both the property industry and government.

Nicola has provided her expertise to a large range of clients and property types. Her clients have included ISPT, AMP Capital, AXA Investment Managers and the Indigenous Land Council. Nicola’s focus is on providing portfolio wide solutions for fixed asset reporting and budgeting.