A consortium of 4 private individuals
After identifying an opportunity, Blue Alpine brought together a consortium of investors to participate in JV partnership for the purpose of acquiring a two-bedroom flat in South Hampstead, London, undertaking refurbishment and then re-selling for profit within a 12-month period.
Our JV Property Deal:
Blue Alpine successfully partnered private investors to participate in this investment opportunity. We created analysis showing the potential Return on Investment (ROI) with different scenarios and stress testing duration/market conditions. We individually discussed with each investor the funds required to participate and possible pay-out achievable.
Our Building Consultancy team undertook the development management, which consisted of tender process for selecting contractor, JCT contract, creating contract sum analysis (CSA) and conducting site visits to issue Valuation Cost Reports for each stage of the project. The refurbishment project was delivered one week ahead of schedule and on budget.
The refurbishment works included demolition of the entire inner parts of the flat and new plumbing, electrical wiring, installation of new bathroom and new separate WC as well a new kitchen.
The Benefit to Our Client:
Blue Alpine was able to quickly assemble the consortium, allowing the investors to participate in a project they would not have been able to finance individually. Blue Alpine’s project management team was able to fully refurbish the property and get it on the market two months after completing the purchase, giving the investors a return on investment of circa 20%.