We frequently come across property owners that hold property with high development potential, who in spite of the desire realise the true value of their property, do not have the expertise, money or time to commit to its cause.
Citinova offers a participation program with the property owners whereby the owner supplies the land as we the developer provide the expertise and project management faculty in maximising and delivering the potential of the Property Owners’ site.
Under the proposal, the Property Owners would enter into a Joint Venture with an independent financial entity of Citinova, whereby their property represents their contribution to the development.
A joint venture agreement highlighting roles and duties between the property owners and Citinova would be completed and subject to the terms of the agreement, the property owners as the ‘passive participants’ would receive:
The profit participation is dependent on the financial and legal structure adopted for the first joint venture.
Our business model fosters a program that promotes a ‘win win’ culture, therefore prior to proceeding or undertaking a project we present a case study that achieves the most profitable outcome from the property owners.
Benefits of entering into a Joint Venture program with Citinova include:
Citinova’s Joint Venture program undoubtedly will move towards enhancing the commercial viability of the property owners land.