Isn’t it a frustrating feeling when you find the perfect development opportunity, and then you find out it’s just out of your reach financially? You feel you’ve got the skills, the passion and the commitment to make the development the best that it can be, but your developing wallet is holding you back. Have you considered spreading the risk and making the development affordable via a joint venture in property development (JV) with another party?
If not, you really should.
ADVANTAGES OF A JOINT VENTURE
The benefits of joint ventures include but are not limited to:
- Mitigating and spreading risk
- Greater access to capital/financial resources
- Utilising different skill sets and maximising experience and knowledge
- Increased return on investment (ROI)
Seek a Joint Venture
SEEK A JOINT VENTURE
Land Acquisition
OEH Group specialise in maximising the added value element of the development process through carefully developed planning consents, innovative design and construction practices ensuring we obtain the maximum land value from the development opportunity.
OEH Group is actively looking for both residential and commercial development opportunities. We have a proven track record of building highly successful partnerships and welcome the chance to discuss how we could work with you to our mutual benefit.
We have an enviable track record of delivering development opportunities for over four decades.
We are flexible in our approach:
- We assemble sites and promote land through the planning system.
- We acquire land on an unconditional planning basis.
- We acquire land conditionally and utilise our in-house skills, whilst working with expert architects and planning consultants, in order to deliver the best possible planning consent.
- We acquire land with planning consent and always look to enhance and optimise the scheme through our technical and design expertise.
Design & Build
Design and build is a term that explains a procurement route in which a company is hired to design and construct a client’s project. The traditional procurement route would see a client hire consultants to design the development of the project and then hire a contractor to build the project based on the clients wants and needs. The design and build method makes the design and construction sides of the project work together in a singular contractual entity.
By being able to be involved in the entire process, owners can make sure that their goals will be met and that their wishes will be achieved. So what is the design and build procurement route and what are the advantages?
Design & Build Advantages
Design and Build is a useful procurement route for developers in that it allows a certain amount of control over costs. In general, lump sum contracts result in a contractor agreeing to take on the responsibility for both the design and construction of a project for an agreed price. The contractor may have their own team of designers or may engage an outside firm. They will agree a design initially with the developer, but after the contract is signed the contractor will have full responsibility.
If the agreed-on design remains unchanged throughout the project, the developer can be reasonably sure that the overall cost of construction will remain unchanged. Of course, it’s possible that the developer will require some design changes during the project, but it should then be possible for the contractor to provide an illustration of exactly how any such changes will affect overall costs.