We work for many financial institutions and mezzanine financiers keen to obtain an independent assessment of a client’s development proposal. In many cases we prepare a Project Positioning Report that assesses whether the client’s proposal best suits the area's prevailing population and demographic characteristics and the site's locational attributes, and estimates the market potential of the project. We examine competing projects, assess the depth of the market for the relevant product types and pricing, and determine likely rates of sale.
On many occasions we have provided a market appraisal of assets owned by underperforming or “watch list” clients in order to determine work-out scenarios in lieu of appointing Receivers/Managers or otherwise identifying exit strategies for distressed assets. In broad terms, we provide advice and direction as to the most cost-effective way of disposing of the asset. Our research often covers: