Services
Investment and scheme reviewsPre-acquisition due diligenceStalled and unviable schemesDesign, mix and value optionsContractor cost and programme challengeDelivery strategy and procurementAdvice to lenders and advisersBy decision
01 InvestAre the assumptions credible?02 ChangeWhat should change?03 ExecuteIs the scheme ready to start?
Approach
One assumption. The whole case moves.
Change
Why tenure options need to be compared on peak equity and return, not headline value.
Build to rent and for-sale schemes are often compared on gross development value. That comparison leaves out most of what matters to an investor.
The two routes differ in specification, amenity, phasing, finance structure and the timing of cash flow. Each changes peak equity and the shape of the return.
A like-for-like comparison sets both routes out on the same basis, so the choice reflects the investor’s capital and appetite for risk.
