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  1. #1

    Default Building an apartment block

    Does anyone here have any experience in building a block of apartments? I am thinking possibly 30 odd 2-brm units. There's a parcel of land in the right location that has the potential for such development. We would like to get in touch with potential developers who might be interested in doing this project. What is the best way of finding/getting in touch with these guys? With the councils becoming more and more open to the idea of building apartment blocks, we would like to explore this option asap

    Also, would prefer to have developers come in and manage the end to end of the feasibility, consents and ultimately, the actual build project for a share in revenue...

  2. #2
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    8,463

    Default

    I built 3 once. Never ever again.

    I doubt councils are really a lot easier to deal with.

    Have you developed before? Sounds like quite a big project.
    Squadly dinky do!

  3. #3
    Join Date
    May 2008
    Posts
    3,691

    Default

    Quote Originally Posted by ithink View Post
    We would like to get in touch with potential developers who might be interested in doing this project. What is the best way of finding/getting in touch with these guys?
    Talk to RE agents who sell new apartments.
    They know all the developers.

  4. #4
    Join Date
    Feb 2015
    Posts
    125

    Default

    Plenty of "agencies" around in Auckland that will assist with this...will do feasibilities, process consents and then help in linking up with construction groups....or merely talk to other successful developers such as the Williams (corp or group or something) in Chch that seem to have got their mix sorted out.

    But yes, as Davo says...a tough world and plenty of groups out there ready to take a goodly portion of the margin from the unsuspecting new comer....so ensure you have done your homework - if you have, you might even win the battle

  5. #5

    Default

    Quote Originally Posted by Davo36 View Post
    I built 3 once. Never ever again.

    I doubt councils are really a lot easier to deal with.

    Have you developed before? Sounds like quite a big project.
    I have PMd you

  6. #6
    Join Date
    Mar 2015
    Location
    Brisbane Wellington Auckland
    Posts
    946

    Default

    Are you going to lease the lot out like the "quest" model or like the "accor" model ?

  7. #7
    Join Date
    May 2008
    Posts
    3,691

    Default

    Steve Goodey developed an apartment block some time ago.
    He doesn't seem to contribute to PT these days but is still actively involved with property.


 

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