Property investments: development guarantees
Bond, R.
Property investments: development guarantees - 1987 - Estates Gazette (8827) 9 July 1987, 30 and 91(2) .
This article examines the guarantees likely to be required by an institutional investor in a typical forward- funding development , whether prelet or speculative, where the investor is buying the site on day 1 or, after expiry of a "conditionality" period, a developer is being appointed to carry out the development and the developer`s interest is either being bought out when the development is completed or the developer is receiving a profit-share entitlement based on rental levels achieved where there is no prelet. Only a general outline of the guarantees which may be necessary can be given, since each development has its own features. (Journal abstract).
FINANCIAL INSTITUTIONS
FUNDING
INVESTMENT
Property investments: development guarantees - 1987 - Estates Gazette (8827) 9 July 1987, 30 and 91(2) .
This article examines the guarantees likely to be required by an institutional investor in a typical forward- funding development , whether prelet or speculative, where the investor is buying the site on day 1 or, after expiry of a "conditionality" period, a developer is being appointed to carry out the development and the developer`s interest is either being bought out when the development is completed or the developer is receiving a profit-share entitlement based on rental levels achieved where there is no prelet. Only a general outline of the guarantees which may be necessary can be given, since each development has its own features. (Journal abstract).
FINANCIAL INSTITUTIONS
FUNDING
INVESTMENT