Markus Giebel - Project Development Process

Markus Giebel gives an overview of the Project development process by Soliton Holding, Dubai (UAE).

Transcript

1. 1 Project Development Markus Giebel Managing Partner and co-founder Soliton Group Markusgiebel.blogspot.com
2. Development Process Opportunity Analysis and Due Diligence • Review existing Project documentation • Initial financial, legal and tech. opportunity analysis • Set investment target • Identify initial business concept and value preposition Concept Design/ Strategy • Refine/ improve concept • Define Implementation Strategy • Appoint key consultants • Prepare Design/ Concept Studies • Refine initial investment assumptions Financing • Secure Project Financing • Progress design work, Schematic and Detailed design • Start Marketing and Pre-sales activities • Procurement construction, tender and award preparation Construction • Manage construction • Cost, time, quality control • Manage Marketing, Leasing, Sales activities • Prepare facility management and end user services Property Management • Property Management • End User Services Initial, Internal Feasibility Study Preliminary Development Plan Detailed Development Plan Operations Plan
3. Stages of Work for new Projects (example) DEVELOPMENT 6 – 12 months CONSTRUCTION 12 - 36 months OPERATIONS  Preliminary supply/demand analysis  Site selection/acquisition  Highest-and-Best Use  Conceptual Masterplan  Preliminary budget  Projected cash flow O ner’s Representati e Project Partner and Development Manager Property Manager Preliminary Development Plan Conceptual Masterplan Feasibility Study  Fundraising for debt and equity sources  Finalize Development Plan  Engage Design & Engineering Team  Detailed Masterplan  Negotiate with hotel operator(s) Final Development Plan Detailed Masterplan Construction Approvals  Engage Contractors and Sub-contractors  Supervise construction  Coordinate with hotel operator(s)  Close out inspection  On-going management and operations of the project, including cleaning, maintenance, etc.  Coordination with hotel operator(s)  l Business Plan and Budget  Managing capital improvements, if necessary Completed Project International Best-in-Class Property Management PRE-DEVELOPMENT DEVELOPMENT MANAGEMENT INVESTMENT MANAGEMENT DEVELOPMENT MANAGEMENT PROPERTY MANAGEMENT PHASE ROLE SERVICES ACTIVITIES DELIVERABLES PRE-DEVELOPMENT 3-4 months
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