SERVICES

OP Properties sources, structures and delivers property developments with co-investors via a syndicated wholesale development model. The Directors of OP Properties invest in every syndicate with co-investors and often fully fund the early stages of new opportunities. OP Properties acts as the director and trustee of the development entities and obtains third party corporate compliance services for the provision of wholesale financial services licences as required. In addition to its experience and expertise with managing the acquisition and delivery of developments, OP Properties has rigorous internal policies and governance structures including an Investment Advisory Committee that oversee all new and existing direct investment activities.

In addition to its property development activities, OP Properties acquires and holds established passive yielding properties. OP Properties typically co-invests with investment partners to fund the equity component of each asset with the balance coming from senior lenders. OP Properties acts as the director and trustee of the asset entities and obtains third party corporate compliance services for the provision of wholesale financial services licences as required. OP Properties has rigorous internal policies and governance structures including an Investment Advisory Committee that oversee all new and existing direct investment activities.

The Pareto principle states that, for many events, roughly 80% of the effect comes from 20% of the cause (also known as the 80/20 rule). The OP Properties team are specialists in the strategic review and execution of new built form developments and believe that 80% of all developments value is created in the first 20% of its life. The OP Properties team manage developments end to end with a hands on approach. Their skills and energy are focused from the start on the critical 20% of each development where value is created and lost. This is the OP Difference.

OP Properties are regularly engaged by clients to act as their project manager and progress the project after key milestones like development approval have been obtained. From this point the project manager progress the project on the client's behalf which will generally include:

The role of Development Manager includes the scope of Project Manager but is a far more senior and strategic client representation role. Often OP Properties will connect with a client at the very early stages of a new opportunity and lead the due diligence process to identify the best way to develop the land, how much could be paid for the land, the profit, procurement strategy, required future debt funding and key future risks and opportunities.

From this point the Development Manager acts on the client’s behalf to progress every aspect of the development. They procure and review marketing strategies, negotiate and secure joint venture agreements, third party investors, debt facilities and overseeing every stage of the development to full handover and close out.

The role of Independent Project Superintendent is typically a limited scope role focused on oversight, governance, reporting and generally ensuring that the construction process is carried out in accordance with the respective parties' agreements. Often these parties consist of the developer, builder, bank and tenants, so the role of Superintendent is a crucial and important position as they are the independent ‘umpire’ that determines significant project milestones like Practical Completion. Generally, the Project Superintendents scope of works will include the following;