Our development studies are targeted at clients who own or intend to acquire a property to renovate or develop. Often clients will have a general idea as to what they want, but require further studies, both on the market and technical side.
When it comes to market studies we recommend our clients to professional partners who specialise in the relevant areas, whether hospitality or residential. While they work on the market aspects, we work on the technical issues, analysing local construction codes – sometimes in conjunction with local architects – and drafting preliminary space programs to evaluate constructible boundaries.
Once our partners have completed the market study and made a suitable project recommendation to the client, we start our spreadsheet work. We devise detailed construction budgets including FF&E (furniture, fixtures and equipment), OS&E (operating supplies and equipment), technical fees, and associated costs and expenses. We also prepare relevant cash-flow budgets so that the client can properly evaluate the feasibility of the project, both from a market and financial standpoint.
With hospitality projects, we calculate everything related to construction, while our partners calculate all relevant operating budgets and profit-and-loss statements.
Click below for typical development studies deliverables:
Brochure targeted at investors or shareholders summarising the key elements of the project, along with key figures and project milestones.
Construction budget that includes technical fees, FF&E and OS&E budgets, marketing budget, revenue budget and cash-flow forecast.
Preliminary planning document indicating key project phases and milestones. It will show SIA phases if the team to be assigned to the project is Swiss-based, or customised SIA phasing if an international team is to be used, so that international and Swiss standards and practices are aligned.