Development is the process in which entitlement – that which is allowed to be built on a site- is augmented and value added via governmental processes.
There is risk in this endeavour and time is the enemy. Our experience has shown that even a simple rezoning, not done right, could add in the order of years to a project – decimating a pro forma. It is this experience that has helped us hone our skills when it comes to selecting land.
Once a sound economic case is established – of equal importance is achieving the entitlement required in the shortest time possible.
This means finding areas that are pro-development, where in the Municipality and Province is encouraging growth – every Town and City has an urban centre. This area is often focused around transit, reduction of cars and increase in pedestrian traffic.
This is the area where Matera thrives.