NIRAS’ range of services in the field of Property Development consists primarily of the following:
Strategic advice
- Advice ahead of decisions on direction, investment, development negotiations and contacts with authorities
- Implementation of strategic advice – dealing with interested parties
Studies of potential
- Evaluation of feasibility with reference to market and planning conditions
- Physical analysis of environment, links, flows and accessibility
- Technical inspections of existing properties
- Management of the production of solutions affecting buildings
Market analyses
- Local price analyses
- Assessments of market rents for various kinds of premises
- Vacancy assessments of various kinds of premises
- Forecast analysis – regional population forecasts, etc.
- Analysis of demand for homes – locations, sizes, types of concessions
Profitability assessments
- Assessment on the basis of yield requirements of extension options in the early stages
- Assessment of profitability on the basis of various development horizons
- Value gap analysis (value before – value afterwards)
- Analysis of net operating profit and cash flow
Cost assessments
- Calculation of various extension options in the early stages
- Cost adaptations in relation to yield requirements and possible value increase
Planning case management
- Guidance by consultants in the programme and planning stages
- Case owner representative in consultation meetings
- Review and comments on proposed programmes and plans
Land development
- Production of base data ahead of development negotiations
- Drawing up of various forms of implementation agreements – LOI, framework agreement, development agreement, etc.
- Support at meetings with development offices, property owners involved, tenants, etc.
- Management of development negotiation processes with several parties
Property law advice
- Due Diligence under financial law
- Analysis and structuring of agreements – rental, lease, easement agreements, etc.
Property creation
- Analysis of needs with regard to changed division of property and property collaboration
- Technical investigations in connection with 3D property creation and concessions of 3D property areas
- Drawing up of proposals for new creation and re-creation of properties as a basis for proceedings
- Drawing up of proposals for property collaboration in the form of jointly owned facilities and easements
- Managing negotiations until agreement is reached between case owners
- Case owner representation during surveying proceedings
Risk and Security
- Identify and be a strategic advisor in the field of risk inventory and management
- Conduct general fire risk assessments and offer technical fire safety advice
- Advice and guidance in planning cases’ risk management processes