Development Management
There is no typical development management role. The specifics required on a particular project vary depending upon the type of development and the role a client wishes to undertake itself. The two constants are that clear leadership be given to a scheme’s professional team and a close working relationship be maintained with a client.
Development Management can encompass all or any of the following roles.
- Developing a project strategy
- Site identification and appraisal
- Feasibility preparation and financial monitoring throughout a project
- Site acquisition
- Recruitment of a development team
- Planning negotiations
- Obtaining statutory consents
- Instructing lawyers on matters as diverse as restrictive covenant negotiations to lettings
- Supervising a project manager and the design team and contractors
- Marketing
- Sale
Each Development Management project will have a director who reports directly to the client and interfaces with that client. Regular meetings and formal reporting takes place as well as more informal contact depending upon a client’s specific requirements.
Issues that have been tackled include:
- Site assembly including multiple ownerships and a requirement to achieve vacant possession
- Negotiating the release of restrictive covenants
- Acquiring air rights
- Negotiating third party land acquisitions required to open up a site’s access
- Road stopping up
- Taking out insurance to cover a range of risks from contractors default to title issues
- Negotiations with Network Rail to secure access rights to the railways
- Interfacing road construction with Highways England Trunk Road Works