Development models with Halter
Various ways are open for property owners or investors to enter into development agreements and contracts. The deciding factor is their respective appetite for and ability to take risk.
By working closely with classic real estate developers, who also function as intermediate investors, landowners can participate in the development of their property without having to assume the development risk. To achieve this, the landowner puts his land or property at the disposal of the developer. Following the successful divestment of the development project, he takes a proportionate share of the added value. Similar opportunities are also open to intermediate investors who are prepared to put money into a development pot created by a developer. The fund is then used to purchase land or properties for subsequent development.
Sooner or later, owners of existing properties are faced with the question of repositioning or refurbishment. Halter Renovations combines its expertise as a global service contractor with many years of practical experience in complex restoration and refurbishment projects up to a value of CHF 15 million. At the same time, it assumes selected market risks and invests its own funds in refurbishment projects. The tradesmen employed by the building services sector are all-rounders who offer site management, plastering, and tiling. Not only do they supply the team with the necessary craftsmanship and technical skills but also the agility and flexibility so vital in this sector for projects to be developed and realized pragmatically. For plumbing, HVAC and electrical work, Halter Renovations brings in, manages and coordinates skilled tradespeople from outside.
Halter Global Services
For an end-investor, such as an insurance company, which decides to buy a plot of land or redevelop a property it already owns but does not wish to take on the attendant planning, permission and implementation risks, the obvious choice is to work with a total services developer. Under such an arrangement, the total services developer assumes the basic construction risk together with all the partner-related and management risk but not the market risks. Together with the risk of dangerous waste, these remain with the end-investor. Generally speaking, in the construction developer model, too, the profit from development is shared proportionately, with the larger share going to the end-investor.
Before embarking on a development, the client should carefully weigh up the risks he wishes or is able to assume during the project and the opportunities that will arise from doing so. The risk/opportunity profile selected largely determines the type of cooperation model employed. As a matter of principle, the party who assumes the risk should be rewarded accordingly when profits are divided. We would be happy to sit down with you and look into a form of cooperation tailored precisely to your needs.
In our feature interview, Fitz Schumacher looks back on a career lasting over 20 years as head of building and public works for the canton of Basel. The opening of the Europaplatz Centre in Bern is a good reason to consider the subject of hybrid buildings from an architectural and historical perspective. Raimund Rodewald of the Foundation for Natural Conservation Switzerland states his position on the Rhytech project in Neuhausen on the Rhine Falls. A highlight of this edition is a series of unusual views of Zurich by photographer Joël Tettamanti.