So far, 2017 has been an intensely competitive year for buying development sites.
Whilst we look at a lot of acquisition opportunities, we agree with many of our clients that finding a site, getting it under contract then going unconditional, is becoming increasingly more difficult. There’s not much that isn’t already tied up and there’s no easy sites left; they either have significant servicing issues in terms of timing or cost (usually both), or have high construction costs due to any number of constraints.
In this newsletter, Andrew Ngo, one of our Principal Engineers shares his experience and thoughts on a few key aspects that we’ve found helps find the value and get the deal over the line.
We hope you find this information useful. Any questions please don’t hesitate to call.