A developer is a company that designs, creates and completes real estate projects. The developer accompanies the construction of a property in all phases. Often, however, real estate projects are not created for your own portfolio, but are then prepared for sale to one or more investors.
The developer takes care of the purchase of the property, planning, financing up to implementation and, if possible, full letting over the long term. The project development team is directly responsible for economic success and can be active from a variety of areas of activity, for example as a project company, construction company, owner, architect or broker. Normally, the project developer controls the property, the planning, the users, the subcontractors and the capital. An interdisciplinary team of specialist disciplines is involved, such as B. Architect, civil engineer, business economist, lawyer, urban planner or geographer.
As soon as the idea, location and financing for a real estate project are clarified, the project conception takes place. The task of the conception phase is to demonstrate the economic viability and feasibility of the planned property to a large number of participants – capital providers, future users, investors and, if necessary, the public. Therefore, various analyzes must be carried out in this phase, such as market analysis, location analysis, usage analysis, competition analysis, risk analysis and cost analysis.
