JOINT VENTURES
Put clarity at the centre of the partnership.
Landowners, investors and developers can bring different strengths to a property opportunity. They can also bring different expectations. RealIQ helps assess the commercial basis of a proposed joint venture, clarify what each party contributes and coordinate the questions around responsibilities, decisions, risk and exit before the arrangement progresses.
SHARED OPPORTUNITY. CLEAR EXPECTATIONS.
Make the difficult conversations useful, early.
A joint venture needs more than agreement on the ambition. The parties need to understand the project economics, who is responsible for delivery and how the arrangement responds when costs, timing or circumstances change. We help bring those issues into a structured commercial discussion. This can include assessing contributions, modelling proposed participation scenarios, identifying decision rights and considering the milestones at which further commitments are required. We also help articulate the intended approach to reporting, additional capital and exit for review by your legal and tax advisers. The work gives the parties a clearer commercial brief and a shared record of the questions that must be resolved before formalising the venture.
WHAT THE WORK COVERS
Advice with a
practical purpose.
01
Contributions understood
Document the proposed roles of land, capital, expertise and delivery capability, with assumptions about value, timing and responsibilities made explicit for further review.
02
Commercial scenarios assessed
Compare proposed participation arrangements against the project feasibility, including how changes in costs, timing or exit outcomes could affect the parties.
03
Decision-making clarified
Identify the matters that need agreement, the proposed reporting approach and the decisions requiring joint consent, with legal drafting undertaken by appointed solicitors.
04
Contingencies discussed early
Consider questions around additional capital, delays, disagreements and exit before they arise, so the formal arrangement can be developed around informed commercial expectations.
YOUR NEXT STEPS
A considered process.
01
Understand the participants
Clarify each party’s objectives, proposed contribution and expectations, including any constraints that may affect their ability to participate in the project.
02
Assess the project basis
Review the opportunity and feasibility assumptions to establish whether the proposed venture has a sufficiently clear commercial foundation for further discussion.
03
Develop the commercial brief
Work through contributions, roles, decisions, reporting and exit questions, recording areas of alignment and the terms that still need agreement.
04
Support adviser coordination
Provide the agreed commercial intentions to the parties’ appointed advisers and help keep the property assessment aligned as the documentation develops.
USEFUL TO KNOW
Your questions,
considered.
Can you help a landowner consider a development joint venture?
Do you prepare the joint venture agreement?
Can an existing joint venture be reviewed?
CONNECTED SERVICES
See the bigger picture.
Deal Structuring
How a property deal is structured can change its cash requirements, decision-making and exposure to risk.
Development Advisory
Development potential is a starting point, not a complete strategy.
Development Feasibility
A feasibility should explain how a project works, where it is exposed and what would need to change for it to meet your objectives.
LET’S START A CONVERSATION