Remove guesswork from spec work
Article Abstract:
It is vital to assess the risks and rewards of a speculative development scheme before deciding whether it is worth going ahead with the scheme. The best locations for speculative development are usually prime or good secondary, and it is advisable to focus on areas where there is a clear supply shortage. There must be identifiable tenant demand, and realistic calculations must be made about likely rental income. Both the developer and the funder can see significant benefits if a speculative scheme is properly planned and the funding is structured appropriately.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1998
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Building new relationships
Article Abstract:
A close partnership between an occupier and a developer can bring significant benefits for occupiers. The best developers will listen closely to the occupier's requirements in terms of time, type of operation, budget and existing property commitments, and will address the difficulties which must be resolved before an occupier develops a viable scheme to meet its occupational needs. Developers will also be responsible for taking commercial views and risks in order to ensure that a project remains on schedule.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1998
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AXA and Pegasus part company
Article Abstract:
AXA Equity and Law plans to consolidate its property holdings and focus on asset management. This will put an end to the company's six-year link with Pegasus Developments. AXA was among the first funds willing to finance speculative schemes in the early 1990s, but now feels that land prices are too high. Pegasus has linked with AXA on 12 schemes in the south east and Midlands over the last six years.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1996
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