Joint Venture Property Development with Asset & Land Owners

Many property owners around Melbourne are sitting on a nest egg – their land. It may be you’re retired with equity and need to unlock finances due to limited cashflow. Or you’re an investor whose situation has changed and needs to consider a partnership. Or maybe you’d simply like to downsize and love your current location and community.

Whatever your reasons, the thought of a Joint Venture arrangement may seem a great idea, but is also one that needs very careful diligence and consideration. And the right partner who you trust and can work with over an extended period of time.

A Joint Venture with D3 Built may be your answer?

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What should you expect from a Joint Venture Partnership?

Executed well, a Joint Venture partnership will allow you to utilise your tied-up equity to provide for your long-term financial stability.

How it works, in essence, is D3 Built will fund the development, freeing you from any upfront costs, in lieu of reimbursement from the development’s eventual sale.

To accomplish this, we have to be frank, there’s potential risk on both sides.

What if the development doesn’t sell? What if it sells under value? What if you partner with the wrong people?

And then there’s the practical issues of living through a subdivision, permits and the construction right at your doorstep.

That’s why it’s critical to spend time to outline everything from a feasibility report to a detailed contract, through to getting to know your potential Join Venture partner and identify shared values and expectations.

This is not a service we jump into lightly, and nor should you.

How to commence a Joint Venture Development with D3 Built?

We will ask you to answer a few questions to identify mutual values and exactly what you want to achieve. If we’re aligned, we will organise for a discussion – phone, video conference or in-person – to further discuss your situation and goals.

Upon agreement, we will undertake development assessments and perform feasibility studies. We will then provide you with a proposed structure and financial returns.

If we together conclude the Joint Venture is a viable opportunity, we will draw up an Agreement and Contract. At this stage, we encourage you to receive independent legal advice.

Every contract will be unique. This is because every Joint Venture development is unique in its goals. It is vital all parties are on the same page with realistic expectations and clear outcomes, whether it be that the land asset owner moves into the new development or it’s to be fully sold.

Once all documents are signed, we commence the development incurring all construction costs. We also undertake all project management responsibilities including permits, sub-contractors, inspections, and will inform you every step of the way of the progress. We will also manage the sale of the property/properties.

You can view the entire building process on our new home services page.

What exactly can the Joint Venture develop?

Depending on your land asset and viability, and Council regulations, the residential builder team at D3 Built can undertake new stand-alone houses, townhouses, units or a duplex.

It’s also possible that the development may include renovations to your existing home.

And while we traditionally think of Joint Ventures selling the new development, it is also an opportunity to custom build your dream home and sell your existing home.

Want to discuss how we could partner to develop your land asset?

We are looking for strong partnerships that deliver fair and equitable outcomes for all involved.

If you’d like to learn more about how a Joint Venture partnership would work and more about D3 Built, get in contact by filling in the form and answering a few preliminary questions.