RESIDENTIAL DEVELOPMENT
CONSULTANCY
Thanks to changes in the Auckland Unitary Plan (AUP), opportunities to extract value from residential properties have exploded. Some of the biggest winners so far have been investors and developers who understand the AUP.
But what about
property owners like you?
Own a residential property and it’s zoned for high density development.
Hold significant equity in that property
Are financially and business literate
Are too busy or have no wish to master the intricacies of residential property development
Are willing to work with an experienced partner to develop your property
Are willing to reasonably share the gains for doing so…
A full-service AUP
development solution
We exist to partner astute residential owners in developing their property for appropriate maximum gain.
We do that by providing a full, beginning-to-end development solution. Our team includes development management, architects, planners and resource consent experts, engineers, financiers, master builders and real estate specialists. Together, we provide all the knowledge and skills needed to successfully subdivide, build, and sell residential property.
We’re not a
building company
While some building companies purport to offer services similar to what we do, it is unlikely that they possess the range of skills needed to produce the most financially successful outcome.
A successful development relies on many things being done properly. Get one aspect of the process wrong and the cost implications can make the whole project suffer.
You retain control
– and maximise profit
Typically, some large residential building companies will assume full control of the development and only offer you a small share of the profits, or more commonly only arrange part of the development – the consents and build, leaving the other important aspects to you.
RDC empowers you to become the developer. That means you remain responsible, with RDC guiding and supporting you, and importantly doing “all the heavy lifting”.
You will also choose whether to retain or sell down any or all the development – again, with our financial team supporting you in your decision making.
Our business model is based on shared profit– the more we make for you the more we get paid. So, unlike most of our competitors, it is in our interest to see that you make as much as possible by optimising every stage of the development.
As a result, your return on investment is likely to be much greater than what is typical with a fixed fee model. The owner of the Wentworth development, for example (see the case study that follows), stands to enjoy an annualised return on investment of approximately 100% over the project duration.
The Development Process
RDC is for people who are business literate, comfortable with numbers and have significant equity in their property. You do not need experience in property development, but it is important that you are not daunted by its challenges either.
To protect clients from taking on something they are not adequately equipped for, we require an “eligible investor” certificate, generally signed by your accountant, confirming your suitability for such an undertaking and the ability to make your own financial decisions. This is a straightforward process and standard practice under Financial Markets and AML legislation.
