JH- Development

Question 1

In your development appraisal of a Nursery building, what were you assessing?

Answer 1

We were assessing the Value add of acquiring the nursery, so look at the marriage value of the site.

Question 2

In your development examples, what did you assess for site value?

Answer 2

We were calculating the site value as opposed to assuming a site value

Question 3

Nursey Building Tipton- why assume BCIS Median and what were they?

Answer 3

Client advised they were standard spec £133 per sq ft

Question 4

What is Marriage Value

Answer 4

the additional value created when two or more assets or interests are combined, and the combined value is greater than the sum of the individual values

Question 5

Nursery Building Tipton- Why did you apply a contingency of 3%

Answer 5

?????

Question 6

Nursery Building TiptonWhat was included in your professional fees of 7.5%

Answer 6

The scheme had already progressed quite extensively with design aspects so adopted slightly lower.

Question 8

How did you arrive at developers profit?

Question 9

Would there be a difference in the developers profit for unconsented by consented land?