Strata wind-ups
A strata wind-up, also known as dissolution or termination, is the process of dissolving a strata corporation and selling the property to a developer for redevelopment. This decision can be driven by various factors, such as ageing infrastructure, increasing maintenance costs, challenges obtaining property insurance or property management services, or simply the desire to capitalise on the rising value of the property.
As buildings and their components naturally wear and deteriorate, strata corporations face rising costs from building envelope failures and other issues. Strata owners are often forced to choose between costly special assessments or increased maintenance fees for extensive repairs, or opting for isolated remediations to prolong the building's life. Our expert strata wind-up services offer a solution that allows you to unlock the full potential of your property and explore new opportunities.
