Proposed Condominium Real Estate Re-development

Proposed Condominium Real Estate Re-development B2MASTER 10:10 am

Project Info

Client AG Leventis Plc
Skills Development Advisers | 2015

Project Description

Project Description

The objective of the brief was to determine the highest and best use analysis for the development warehouses to determine their viability and optimal use after the re-development or refurbishment. AG Leventis Nigeria Plc desired that  their land at Iddo be analyzed  for optimal returns.

The property is a highrise residential building located in Ikoyi area of Lagos State. It accommodates expatriates and other high net worth individuals. The property is well equipped with classy facilities like gym, swimming pool and garden.

Action Taken

Brickstone was contracted to:

  • Inspect and evaluate the physical, economic and legal condition of the property
  • Project the cost estimates for redevelopment or refurbishment of the property and the expected revenue for the respective options.
  • Analyse the neighbourhood market to establish the Highest and Best use of the property
  • Recommend appropriate transaction modalities and structuring and executing fund raising for the project.
  • Develop a Comprehensive Financial Model to communicate the financial viability of the project to investors.
  • Develop an Information Memorandum that would communicate succinctly the value proposition of the project to investors.

Services includes the following

  • Property, Location and Market Analysis
  • Analysis to determine the Total Leasable Space in all the properties visited.
  • Determine the Level Of Occupancy and the total cash inflow from the tenancy of the identified properties
  • Get information on the level of Improvement Budgeted for the Properties
  • Determine Future Cashflow of the Property, assuming the improvements are made or not
  • Financial Modelling
  • Project Information Memorandum