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THE PROCESS | CASE STUDIES
DEVELOP AND MANAGE YOUR LAND


YOU RETAIN OWNERSHIP OF YOUR LAND
When you enter into a project management agreement with Terranovis, the following applies:
• As the landowner, you retain ownership of your land throughout the development process
• You will also own the residential housing lots that are developed on your land
• You can decide when you want to sell the developed residential lots
• If and when you decide to sell your developed residential lots, Terranovis can facilitate the sales and marketing of these lots

A COMPLETELY TRANSPARENT AND ACCOUNTABLE PROCESS
As your appointed project manager, Terranovis will assist you will all aspects of the development process including the engagement and management of all professional consultants. These include planners, engineers, environmental consultants and civil contractors. Terranovis will also take responsibility for negotiating with neighbours and/or neighbouring developments (subject to your approval) to make sure that any service costs (such as sewer, roads, parks, etc) are dealt with in a fair and equitable manner. It is also standard practice that you approve all development costs prior to any monies being spent

UNDERSTAND THE PROFITS YOU CAN DERIVE FROM DEVELOPING YOUR OWN LAND
Terranovis can prepare a comprehensive feasibility document for your information, demonstrating the potential income of your developed property. This feasibility can also be used to assist with obtaining development finance.

A COMPETITIVE FEE STRUCTURE
Terranovis can tailor a competitive fee structure to suit your individual needs.
Terranovis fees are generally NOT payable until the development of your land has been completed or until the developed residential lots have been sold and settled. This means that Terranovis generally do not charge you any fees until you start to earn income from the sale of your developed lots.

FOR AN OBLIGATION-FREE AND COST-FREE ASSESSMENT OF THE PROFIT YOU COULD DERIVE FROM HAVING TERRANOVIS PROJECT MANAGE THE DEVELOPMENT OF YOUR PROPERTY, PLEASE CONTACT TERRANOVIS.

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LANDOWNERS COLLABORATE FOR A COMMON GOAL
Identifying and then seizing development opportunities in a timely manner is just one of the reasons Terranovis has enjoyed significant and ongoing growth and success. Three years ago, Terranovis assembled 17 different landowners and coordinated the rezoning of 20 hectares of land from rural to urban development. This milestone was achieved in November 2010 and will culminate in the 2011 release of 250 residential lots located only two minutes from the prestigious Coogee Marina development. At time of writing, Terranovis has already received expressions of interest from several keen local buyers.

“It’s taken a lot of time and expertise to bring this development together,” explained Terranovis director Victor Marcelino. “Understanding, appreciating and addressing the issues of each landowner is a small, but critical component of what we do. In our experience, landowners will often recognise the fact that their property is valuable but they don’t understand the intricacies of the development process. That’s where Terranovis can assist.”

In addition to facilitating the actual development, Terranovis can assist with the subsequent sales and marketing campaign. “Due to the fact that we don’t receive payment until after the residential lots have been sold and settled, our clients know all too well how hard we’ll work to ensure that each development is completed efficiently and effectively,” said Victor.

In recent years, Terranovis has sourced and negotiated the purchase of developable land worth in excess of $100 million. Terranovis currently manages projects comprising more than 3,000 lots, with a subdivided value of over $600 million. To date, Terranovis has sold over $300 million worth of residential lots.

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