Development as well as consultancy

Alongside provision of development consultancy and management on an agency basis, there is also the opportunity to take a direct involvement in certain development situations. This will be either by securing options to purchase with property owners or co-investing in partnership or joint venture with equity partners. A good current example of such a situation is the conversion of Wellgate House on the Cowgate in Edinburgh, where JLP has a conditional contract to acquire the building and is in for planning for a £5.75m student scheme.

Options will allow site owners to benefit from having JLP Development Consultancy (JLP) work up schemes, and coordinate multi-disciplinary professional teams to secure planning, and complete due diligence on opportunities, without the need to fund the speculative cost involved. Secured schemes that are ready to go with planning when the development market recovers will prove to be very profitable to both the site owners and the developer team involved.

JLP also has access to high net worth individuals and opportunity funds that are willing to invest and co-invest in schemes where realistic pricing allows value to be created. This can allow owners in need of an exit to access a purchaser with funds to complete timeously.