Dalegrove’s Integrated Customer Driven Approach
Dalegrove is an integrated property development company.
At Dalegrove we always start and end with the needs of our investors and the tenants. Our approach is demand driven – we develop property for the tenants, rather than find tenants to occupy property. This is a critical point of difference which highlights the importance Dalegrove places on understanding and servicing tenants’ requirements.
The Dalegrove Integrated Property Development Process brings all project disciplines under one umbrella. This provides greater flexibility in managing projects and ensures everyone is focused on the one project outcome, so avoiding conflicts of interest of differing priorities.
Few organisations can match the breadth of professional disciplines Dalegrove can bring to any property project. Even fewer can link those services so cost effectively, delivering real value for money for clients and investors.
Built to Grow and Last
Scratch beneath the surface of most property developers and you will probably find a thin layer of good fortune and opportunism. By contrast, Dalegrove is an organisation of substance. At Dalegrove we have established the foundations for a company which will grow and survive. A company which will enable our people and our clients to share security and ongoing success.
Our success in property development is built on the following key elements.
Integrated Services
At Dalegrove we have built our competitive advantage around our ability to understand and fulfil customer needs. Our in-house range of property services enables us to tailor packages specifically suited to the investment or leasing needs of individual clients. It also allows for a streamlining of our processes, which not only saves on costs but adds value for our clients – a competitive advantage not possible through the traditional structure of other property developers who use a fragmented array of independent consultants.
Prudent Financial Management
Dalegrove has grown and prospered by recognising the fundamental importance of prudent financial management. By carefully controlling costs and measuring profit impact we deliver higher returns at acceptable levels of risk.
Financial controls are based on the key functions of:
- Detailed financial feasibilities on each proposed project
- Tight financial management and control of each project and each business
- Disciplined forecasting and control of the group’s cash position to manage the inherent unevenness in property development cash flows.
Minimised and Managed Risk
Dalegrove manages the risk exposure of the group and its clients through the stringent application of a range of mechanisms, including:
- Gearing limits
- Interest cover requirements
- Pre-commitment and approvals requirements
- Conditional offers to purchase
- Monitoring of economic and property cycles
- Project diversity across the retail, commercial, and residential market sectors
- Staged payments and developments (for large scaled residential)
- Joint venturing
Financial Capacity
Through a combination of retaining past profits and controlled gearing, Dalegrove can currently self-fund development projects, and through our property funds management business fund much larger projects.