Developing land for commercial real estate
Instead of opting to invest in fully functioning and managed commercial properties, many investors are looking seriously instead at acquiring land for development. And – in the case of cities – this normally starts with the demolition of an old, now-redundant building.
Thanks to digitisation and the growth in demand for facilities and amenities, land in cities is at an all-time premium and “brown field” opportunities are increasingly attractive. Evidence for this trend is all around us as construction projects dominate our city skylines. The question is, however, what constitutes a good investment? What’s the best type of property to build? What will ultimately yield? And how is the project itself best managed?