Joint Ventures
Seek Property Group provides the conduit for the introduction of joint venture business arrangements in which two parties agree to pull their resources for the purpose of maximising the development potential of a particular property. Typically, these arrangements are suitable for clients with property holdings which have development potential/upside. These arrangements secure the participation of a partner with planning, development and construction capabilities, thereby maximising project and financial outcomes.
The benefits of a joint venture/development management agreement between the two parties are:
- Maximise development potential of the property, via the introduction of additional equity required for the development.
- The client/landowner could potentially access equity from its land holding (i.e. sell down 50% of the land value)
- Partnering with a group with planning, development and construction, sales & marketing expertise
- Common goal to maximise the development profit of the property and/or the retention of development improvements (i.e. retail shops/apartments)
- Minimise Land Tax obligations through the maximisation of the development/investment income relative to the property’s site value and land tax obligation(s).
