Retail Development

It Pays To Get Retail Development Right

Incorrect positioning of a retail development could lose a property developer millions.  Before any retail development is embarked upon a proper retail development process needs to be undertaken.

These steps include:

1. Analysis of project feasibility as well as financing alternatives and their impact on project profitability
2. Planning and design of new centres or expansion and rehabilitation of existing centres
3. Tenant planning, selection of optimal tenant mix, negotiations with potential tenants and signing of pre-leasing agreements
4. Operations, centre management, and marketing

The location for any retail development is crucial.  A full location analysis needs to be conducted and this includes  an analysis of the local  retail market, a look at the demographic structure and trends of the area and what would be the perfect tenant mix. Attracting the right tenants to a retail development is very important if the development is to succeed.  Retail developers must focus on finding an “anchor’ tenant. To ascertain and attract the right anchor tenant, the developer needs to know, amongst other things, what the size and demographics of the population is in the area. 

The Hunta Property Group has over thirty tears in property development and knows how to get retail development right. We have developed a wealth of experience and always do our homework properly before embarking on a retail development.  We have built up an impressive network of suppliers and professionals whom we can rely on to deliver to the highest standards. Our good working relationship with our various counterparts means that we can guarantee that projects are delivered on time and on budget and will meet the demographics of the area.

Our property portfolio includes an impressive list of residential, commercial and retail property development projects throughout the city.  We have been involved in developing several prestigious retail developments as well as various mini factories and apartment blocks.

To find out more about the retail development side of The Hunta Property Group contact us today.