Property investments: development guarantees
Language: English Series: Estates Gazette ; (8827) 9 July 1987, 30 and 91(2)Publication details: 1987Subject(s): Summary: 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).| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS39550 (Browse shelf(Opens below)) | 1 | Available | 17420-1001 |
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).