Types of Development Structures

Build-To-Suit Facilities

The development of a new build-to-suit facility requires proficiency in numerous areas including site selection and analysis; land development and other regulatory approvals; and retention and management of design professionals and technology consultants. For most organizations, a development of this type occurs infrequently and may challenge the in-house staff's capacity. Aegis Property Group has the skill and experience to lead the build-to-suit development process and assemble a team of professionals to supplement the available internal resources and become an extension of your organization until the development is complete and fully operational.

Building Expansions & Renovations

Renovations of existing buildings offer special challenges to the team of professionals responsible for its execution. Do environmental issues need to be addressed? How will work be sequenced to minimize disruption to ongoing operations? Will utility services and information technology require upgrading or replacement?

In addition to the technical challenges there are financial challenges. Renovations typically include significant expenditures of operating expenses in addition to capital improvements. Aegis Property Group has extensive experience in managing all the complexities of building renovation projects. Our professional staff has the technical, financial and managerial experience to address the full range of issues on a building renovation or expansion project.

Tenant and User Fit-out

Many organizations prefer not to own their real estate. This creates situations where the organization will lease a space that requires significant retrofitting to meet the needs of the organization. This tenant fit-out project is initiated with a negotiation process between the tenant organization and the prospective landlord. The tenant's team includes real estate brokers, design professionals and other consultants with the end result being a lease agreement.

During the lease negotiation process, Aegis Property Group assists and supports the real estate broker on items such as establishment of schedule milestone dates, tenant work letter evaluation and negotiation, and the landlord's obligations for improvement of the building. Once the lease agreement is finalized, Aegis Property Group manages the tenant improvement work, oversees the landlord to obligations are being met, and manages all financial aspects of the work including reimbursement of tenant allowances, tenant direct construction, furniture and move costs.

Build to Suit Lease/Tenant Rep

Design/Build

Design/build is an increasingly popular project delivery method. One entity provides the owner with everything necessary to both design and construct all or part of a project. Properly implemented, design/build project structures offer potential budget and schedule savings without compromise to project quality. However, to realize these benefits the owner must be well counseled to maximize the advantages and minimize the disadvantages of the design-build process’s unique contract structures and to compensate for the loss of the design professional as an independent advisor to the owner.

It is critical that expectations for project scope, quality, schedule and cost are clearly and appropriately transmitted to the design/build team. These expectations should be monitored during the design and construction process. The client needs to maintain decision making authority on issues affecting project scope, quality and design aesthetics throughout the project.

Turnkey Development

Aegis Property Group has a successful track record of completing a variety of turnkey developments throughout the region. This success is built upon a foundation of market knowledge and experience in site acquisition, development approvals and project delivery. We have the capacity to assemble the required debt and equity sources and, utilizing the full scope of our development management and transaction management services, we can assume the development risk of delivering the financial returns that may be required by the project.