Project Development PDF  | Print |  E-mail

Developing real estate property starts with analyzing the location in terms of requirements, competition, pricing and potential for further development.

Upon in-depth evaluation of the location, a first draft is prepared.  Simultaneously, area and cost are being determined and a feasibility study is made.  If economic aspects concur with our ideas, the approval of this development is being verified.  This means, the study is presented to all respective authorities involved in the procedure of granting approval.

As soon as the basic approval for this development has been established, a marketing concept is being designed.

Condition precedent for this project being realized is its long-term profitable leasing.

In many cases, the project is already handed over to the final investor at the time the leasing contracts are being concluded. Otherwise, realization of the project is started.