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SERVICES

PRO J Management’s roles and responsibilities vary according to our client’s business structure, development strategy and the complexity of the development. According to individual client’s specific requirements, PRO J Management can provide some or all services within the development lifecycle.

PRO J Management works closely with clients to develop a clear understanding of project specific requirements and objectives, and then explore appropriate development concepts and strategies that fit within their business model and financial capacity. This detailed preparation allows seamless delivery of these strategies, via a transparent process with clearly defined targets and milestones.

PRO J Management’s roles and responsibilities vary according to our client’s business structure, development strategy and the complexity of the development. According to individual client’s specific requirements, PRO J Management can provide some or all services within the development lifecycle, including:

  • Sourcing Development opportunities
  • Development evaluation and feasibility analysis
  • Detailed Due Diligence and Acquisition
  • Design and costing management
  • Development and construction approval management
  • Construction Procurement & Implementation management
  • Development Sales/Leasing and settlement management
  • Development finance management
  • Joint Venture Alliance
  • Development Concept & Strategy

    PRO J Management works with the client to identify the type of developments that align with the client’s strategy. This is achieved via exploring a broad range of considerations including supply-and-demand, market cycles, timing of availability, absorption rates, development feasibility, topographical analysis, planning/land use and delivery timeline of the development, to ensure that the proposed concept and strategy is best positioned for success.

    Providing advices on development strategy:

    • A use in search of a site
    • A site in search of a use

    Providing advice on market research

    • Supply and Demand
    • Market cycle
    • End user requirements
    • Competitors and competing sites
    • Analysis of completed development sites within the area
    • Potential future demands, needs and trends

    Providing advice on the type of development

    • Feasibility
    • Time and cost budgets of the development
    • Process of site selection
    • Property use, type, style
    • Pre-sale or lease requirements

    Identifying appropriate development opportunities

    • Owner-occupation
    • Hold as an investment
    • Develop for a profit
  • Development Evaluation & Feasibility

    PRO J Management can source development opportunities that are consistent with client’s development strategy and carry out an initial due diligence process on these properties including:

    • Ascertaining the highest and best use for the site
    • Identifying legally and physically permissible outcomes
    • Identifying plausible enhancements to these outcomes
    • Initial feasibility analysis

    For the purpose of preparing a preliminary feasibility analysis, sufficient information would be obtained to determine if the project is financially viable and meets the required profit threshold include following:

    • “Static” financial feasibility with basic assumptions
    • Initial estimate of the development program
  • Acquisition

    The initial evaluation and preliminary feasibility study identify various target properties and also raise issues that require further investigation. Once a target is identified as viable, PRO J Management proceed with more detailed analysis including:

    • Extended full-scale feasibility
    • Submitting offers
    • Finalizing detailed Due Diligence
    • Obtaining approvals, if required
    • Finalizing the acquisition
  • Design & Costing

    PRO J Management prepares a development brief which clearly sets out the commercial objectives and general description of the proposed development and then selects the right mix of consultant teams who can collaborate effectively to meet the desired quality and scope.

    A builder or construction manager/consultant will also be engaged early in a design and construct contract to review “buildability”.

    The design, form and function of a development needs to consider the elements detailed below and align with the end users’ needs and desires.

    • Branding and scale of the project
    • Quality of finishes and functionality
    • Construction type
    • Layout and efficiency i.e. the sub-divisibility of floors, net/gross floor area, access to lifts, amenities, parking, loading area.
    • Quality of main entry foyer
    • Type and quality of façade
    • Car parking – quantity, above/below ground, efficiency
    • Services -Electrical (capacity), Mechanical (type), Hydraulic, Lifts etc
  • Development & Construction Approvals

    PRO J Management can progress the project to:

    • Gain feedback from pre-lodgment meeting/s with relevant planning authorities,
    • Gain feedback from neighbours and local interest groups
    • Incorporate feedback into the planning submission
    • Review the submission with the client
    • Organize formal lodgment of the development application and obtain approval
    • Appeal to Land and Environment Court if refused by local council
    • Satisfying the conditions required for construction approvals
  • Construction Procurement & Implementation

    PRO J Management engages an experienced building consultant or construction group, to ensure the final design is practical and efficient, utilizing an updated cost plan. A suitable builder will then be appointed, via the appropriate construction agreement to suit the particular project, from one of the following:

    • Traditional tender
    • Competitive Negotiation
    • Design & Construct
    • Guaranteed Maximum Price
    • Construction Management

    PRO J Management represents the client, chairs the PCG meetings during the construction phase and deals with issues such as budget variations, extensions of milestones etc., to ensure that the project stays on time and budget and achieves the design and marketing objectives of the project.

  • Development Sales/Leasing and Settlement

    PRO J Management works with the selling or leasing agents early in the project to ensure the final product meets market demand and end users’ expectations and then co-ordinates with the appointed agents in optimizing the marketing strategy including:

    • Identifying suitable tenants or purchasers
    • Advising on market demand, pricing
    • Assisting in pricing strategy
    • Ensuring financing requirements are considered

    PRO J Management works with the builder, financier, principle certifier, strata and relevant parties to obtain occupation certificate and title registration. After practical completion in the development process, a settlement team will be formed to ensure that all the procedures, contracts, collection of monies, purchaser inspection and valuation are completed.

  • Development Finance

    PRO J Management identify the amount and term of equity and debt required for the proposed development, before consulting with the parties below. Funding options are then obtained for the client to select from, after consultation with appropriate financial professionals.

    • Valuer
    • Quantity surveyor
    • Local banks
    • Financial brokers
    • Private funds or investors
  • Joint Venture Alliance

    When projects are complex and/or if the project exceeds individual capacity, yet the opportunity to unlock the value of the land, maximize the value of the assets or provide return on equity remains compelling, PRO J Management can connect like-minded stakeholders including property owners, developers, builders and capital investors. Such a strategic joint venture partnership usually involves the developer or builder bringing in expertise and the property owner and investor bringing land and capital that forges win-win financial success for all stakeholders.