Development management is a skill set that very few firms can credibly lay claim to. It involves the strategic planning, administration and controlling of a project during its development life cycle, from the inception of the project concept, through planning and to construction completion and project exit. The role of the Development Manager is to minimize project and financial risk while maximizing profit.
At CastleStar we have very deep industry contacts with funders, investors, planners, design teams and agents that enables us to assemble a “best in class” project team capable of working through each and every project challenge. Our Development Management Services Include:
We pride ourselves on taking a very “hands on” approach on each project, closely monitoring and critiquing all elements of the value chain process, and ultimately driving value at every stage of the project.
Unlike most other Development Managers, CastleStar are not a traditional fee-only based Development Manager (a model which invariably leaves the financial consequences of development risk with the financial partner).
CastleStar will make a significant cash investment into each transaction that we are involved in, and we will take direct responsibility for the management of the risk of cost over-runs.
This creates a strong alignment of commercial interests and a strongly motivated and clear financial focus on eliminating delays and wastage through the implementation of robust contractual structures with contractors and suppliers.
We have an unrivalled track record of delivering projects on-time and on budget.
Managing contractor risk is an important consideration on every project that requires thought and planning right from the initial project concept all the way through to detailed design, specification, tendering, supply chain management and Contractor selection. We have a strong track record of identifying and mitigating project risk through advanced planning so as to minimise scope changes and variations.
We also take a strong “hands on” approach to the negotiation of the Construction contract and the identification and negotiation of attractive commercial deals with tenants to secure advance lettings and to create value at each and every opportunity.
The result is the mitigation of risk and the delivery of quality projects on time and on budget, with very strong financial risk adjusted returns for funders and our financial partners.