01 / Invest
Are the assumptions credible?
Before capital is committed.
Independent review of a scheme or opportunity before capital is committed.
At the investment stage the question is whether the case stands up. We test the appraisal against the design, the site and the delivery reality, and set out what would need to be true for the return to hold.
- Change
- A headline assumption is tested against the site.
- Connect
- Its effect on cost, programme and revenue is traced.
- Return
- The effect on peak equity, IRR and ROCE is set out before commitment.
What we look at
- 1Revenue, tenure and sales assumptions
- 2Build cost, abnormals and prelims
- 3Site constraints and start on site
- 4Finance, peak equity and return
Services at this stage
Investment and scheme reviews
An independent read of the appraisal, design and delivery assumptions before capital is committed. Read more →
Pre-acquisition due diligence
Testing a site or opportunity before exchange, so the price reflects the constraints. Read more →