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IS THERE A REAL ESTATE DEAL HERE?
IS THERE A REAL ESTATE DEAL HERE?
13a 2 Kitchener IM_lowres.pdfCBRE Information Memorandum - 2 Kitchener Street, Auckland NZ
Development conceptualization is the laser alignment between a real need and the development solution that it satisfies. It is imperative to understand real estate as a unique, local, non-fungible asset. Without a true grasp of this concept, an asset management, entitlement, or development deal decision would be horrifically uninformed.
In the attached brochure by CBRE, I learned how easy it is to be misinformed by mathematical assumptions that attempt to create rules for real estate. The metrics defined in the brochure are relevant in a broader sense but in the case of the space for sale, these metrics lose sight of basic characteristics that drive and determine the value of real estate.
A good real estate deal is simply an opportunistic purchase. Thanks to the case study of 2 Kitchener Street in Auckland, I am able to determine if a real estate deal is present through the understanding of development conceptualization.
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