mplementation Strategies: From the Idea through to Operation
Development processes do not end with the finished planned project. They also include the implementation and utilization stage. Independent partner choice during all development stages is a crucial factor for optimized and sustainable added value.
The core task of real-estate development is discovering the hidden potential of sites and, based on that, defining an idea for a project. An idea, however, is only as good as its implementation. For real-estate projects, this means: if the product is embraced by the user and the added value for all involved in the project is sustainable. This is why Halter Entwicklungen sees itself as a real-estate developer that provides and bears responsibility for the overall performance. As a developer, Halter Entwicklungen takes over the directorship along with the market inquiries in all further stages of the planning process until the implementation and securing of the operation –
Independent Partner Choice
A central prerequisite for a successful development process in all project stages is the independent choice of the planning, construction and marketing partners. The actual construction of a building is delegated to a sole contractor after the awarding of the contract. As an independent developer, Halter Entwicklungen attaches high priority to complete transparency among the project partners according to the "alignment of interest". The model of independent partner choice, which is atypical for this branch, is a product of Halter Entwicklungen's demand that each development project be provided with optimized added value in the corresponding market environment.
Clear Contractual Relationships
Especially during the initial phase of larger projects, the developer behaves as a negotiator among the various parties and directs the goal-oriented development. Often several property owners and investors are involved in larger development areas. For a project to proceed efficiently, good mediation skills are crucial. At the same time it is imperative that the contracts are professional, as well as clear and easily comprehensible. They should consistently regulate all tasks and responsibilities of the various parties. This applies to projects with relevance for the settlement structure of a political community with regard to cooperation with the public sector: for instance, by means of the Public Private Partnership (PPP), the public sector's demands can be brought in accordance with the private property owners/investors with the greatest possible transparency.