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To develop a successful office project, there is a substantial amount of planning and structured steps to take. At the start, an in-depth feasibility study must be conducted to quantify the amount of existing office supply (plus what is in the pipeline), and a clear understanding of economic and property market conditions is necessary. Once you are confident to proceed, a well located and easily accessible land plot has to be identified, and you must then know the right price to pay.
Next comes the choice for the most suitable building design, the optimal building materials and contemporary technical installations. Once the plans are set, and the project is ready to progress, next comes the critical step of securing bank financing for the construction phase of the project.
You would want to differentiate your project from the rest, yet still meet all of the functionality and efficiency standards expected from corporate tenants. The aim is to have your office project substantially leased prior to the building’s opening date, leaving you as a successful landlord, and your tenants happy in their brand new premises.
Once your office project is realized, as a landlord you need to work hard to retain your tenants and aim for rental price growth. This goes hand in hand with the seamless operation of facilities and quality building administration. Nevertheless, at any stage, you could always exit your venture and place the asset on the market for the best going price.
Forton International are the experts who can back your efforts, and add value with our market knowledge, experience, and advice for prudent actions to be taken through each phase. Below we have listed our services, and the respective manager who would best be able to help you.
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