 SITA REAL ESTATE has embarked upon a very interesting and profitable aspect of property development - Joint-Venture Schemes , in which SITA REAL ESTATE works with a landowner to develop a property under a profit sharing, revenue sharing, or area-sharing basis.
Under a profit-sharing arrangement , all the costs associated with the project (construction costs, interest on working capital, etc.) are debited to the project account, after which the net profit is shared between SITA REAL ESTATE and the landowner in a predetermined ratio.
The revenue-sharing arrangement allows the landowner and SITA REAL ESTATE to share the accruals from the sales proceeds in a predetermined ratio. An area-sharing model is one in which the constructed areas of the development are shared in a predetermined ratio.
Combining the landowner's asset with SITA REAL ESTATE's expertise in property development is a win-win situation for both partners. Our experience has shown that this scheme provides the landowner greater profits than an outright sale of the property. SITA REAL ESTATE bears the financial burden of the construction and is responsible for managing and marketing the project. Additionally, the brand name and the customer trust associated with SITA REAL ESTATE command a better price when the completed development is sold.
SITA REAL ESTATE would like to invite landowners who believe that a joint venture with SITA REAL ESTATE is a viable option that can be explored further. Due to company policy, we would like to deal with only genuine landowners who are interested in such projects. |
