Independent commercial property advisory — Auckland
The starting position is never the ending position.
Klug advises lessors and lessees, owners, developers and joint-venture partners. We do the analysis, then we do the negotiating. No listings, and no vested interest in doing a deal for the sake of it.
Track record
Where the experience comes from.
Two decades in-house and in corporate advisory, and the mandates since.
individual properties under management, advisory or acquisition across a twenty-year career, in-house and on mandate
- 01
Two grocery networks
About 200 retail and non-retail assets. Network planning for both — 72 sectors nationally for one operator, the entire North Island for the other — and a seismic investigation programme covering one operator’s whole 183-store estate.
- 02
A global bank
The entire non-retail estate across the United Kingdom and Channel Islands — 140 property interests, around 196,000 sqm.
- 03
A food manufacturer
The whole of its United Kingdom property portfolio: 1.2m sqm of industrial and distribution space.
- 04
A UK investment portfolio
Half the assets in a London and regional estate, including an OpCo/PropCo evaluation of a 55-club health, fitness and racquet portfolio.
- 05
A petrol station network
More than 200 sites, managed directly across New Zealand under one corporate occupier mandate.
- 06
A cell site programme
Acquisition of 800 cellular sites across two carriers, from search through to settlement.
- 07
A UK IT services estate
One corporate occupier office portfolio, 37,000 sqm.
- 08
Klug, since
Independent advisory and principal investment. Klug holds no listings — the agency experience is what makes it possible to appoint the right one, brief it properly, and judge the work.
What we do
Advisory from acquisition through to how the asset runs.
Six lines of work. Most mandates use more than one, and one team runs all of them.
Strategic advisory
Portfolio reviews, acquisition strategy, and independent advice on decisions that are hard to reverse.
→02Transactions
Acquisitions, disposals and lease transactions, project-managed end to end.
→03Asset management
Leasing strategy, tenant management, and performance you can actually see.
→04Development
Feasibility, planning support and commercial structuring through to delivery.
→05Finance
Funding facilitation — process coordination, lender engagement, information prepared properly.
→06Research & PropTech
Network planning, catchment analysis, and the tooling underneath the advice.
→The record
Outcomes, measured.
Each figure is the difference between the position inherited and the position agreed. No client is named without written consent.
Recovered and created for a landlord, out of a single lease.
Saved against the landlords’ opening positions across one portfolio.
Renegotiated from a single coordinated negotiating position.
Equity multiple on a principal position, as investor rather than advisor.
Why Klug
Built to solve it, not just report on it.
Aligned in the fee, not the pitch
A fixed fee, an hourly rate, or a retainer on longer mandates — and a share of the savings achieved or the upside created. Nothing is paid for a deal simply happening. Always agreed up front.
Evidence before position
The fact base gets built before the negotiating position does. It is why an untested clause turned into a settlement rather than an argument.
Specialist market depth
Supermarket and large-format retail lease economics, in detail, from inside two national grocery businesses.
We run it, not just recommend it
Klug project-manages the transaction end to end, including appointing and directing the agency that executes.
Case studies
Four mandates, and what they produced.
A clause that had never been tested
A turnover rent provision nobody had ever enforced, read properly, evidenced, and settled.
Read the case studyOne negotiating position, 58 leases
A national fitness portfolio renegotiated through Covid-19 from a single coordinated position.
Read the case studyThe deal we advised a landowner to decline
The 50/50 offered was refused. A better structure was agreed and executed instead.
Read the case studyOur own capital, the same discipline
Net income lifted from $90,000 a year on a two-year tail to $110,000 on a new eight-year initial term.
Read the case studyInsights
The thinking, written down.
Advice notes on leasing, valuation and development, written from mandates run rather than from theory.
%NBS dies in late 2026. Your lease clauses don’t.
Auckland is being written out of the EPB regime. The seismic clauses in your leases aren’t. Here’s what to fix before late 2026.
Read the noteFace rent vs effective rent: why the gap widens
Face and effective rent start close. They drift apart fastest at the end of a long lease, and the renewal floor is always face, not effective.
Read the noteFace rent is the wrong number
Face rent is the cover-sheet number. Effective rent is the only number that survives the next renewal.
Read the noteTell us what you are evaluating.
Send the terms. We will tell you plainly where the position sits, what we would argue for, and whether there is enough in it to be worth the effort.
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