A Joint Venture (JV) is a commercial alliance between two separate entities that enables both parties to share risk and reward. A new venture is created to which each party contributes resources such as land and funds.
For landowners in possession of a valuable piece of land or property, but lacking in the resources, know-how or time needed to develop it for profit, a JV is an excellent way to maximise the value of their assets and ensure a strong financial return. And as accomplished new home builders we know a thing or two about turning empty land into high quality sought after property.
As a trusted partner, with a proven track record, Bespoke shares the risk, and our clients have access to our in-house expertise.
And what is also key is that we work to a simple process. Bespoke enters into a joint venture agreement with the landowner. A profit share arrangement is generally based on an agreed land value plus a realistic build cost deducted from the final selling price. We then use our expertise and access to finance to develop the land. Upon completion and sale of the property, the two parties share profits according to the terms set out in the contract.
