Feasibility Study and Development Strategy Definition.

Feasibility studies ascertain the economic feasibility or the suitability of a location or market for a project, a renovation or a repositioning.
The  overall objective of this study is to:

• Conduct option analysis to properly assess the range of development opportunities available such as hotel, residential and serviced residence or other (retail, office);
• Recommend which of the options is the best solution in terms of financial returns, viability on a long term basis;
• Recommend steps to implement in carrying out the recommended option 

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Key Feasibility Study services include:

• Site survey (or site selection)
• Highest and Best use analysis and Development strategy
• Market Study
• Assessment of the general suitability of location and market for the expected development, renovation or repositioning
• Overall recommendation in terms of concept, optimum positioning and general development opportunities for the property
• Competitive analysis
• Financial 5-year forecast budget, together with capital requirements
• Return-on-investment calculation, based on estimated investment costs and financing conditions

Project Development Management.

​Nova Asset Management will take your projects from inception to completion. Our services span the entire process, from the initial project conception, to the detailed recommendations surrounding facility programming, market positioning, architect and design team engagement, operator and brand selection, contact negotiation and more.
We can advise on all or selected phases of the development process, for both new construction and major scale re-development.
 
What makes our services unique is our ability to connect developer's investment objectives with operating realities. We understand what goes into an optimal program to ensure it meets the market and supports the investment. We also bring a perspective that bridges the architectural vision with what is financially feasible and optimal from an operational standpoint, including functionality and flow, materials, key elements to support market positioning and target pricing and more.
 
We anticipate issues, providing our Client with an opportunity to proactively weigh in and make informed decisions throughout the process, rather than react to issues identified too late in the process to address.

Key Development Management services include:​​

• Concept Development, Facilities Programming & Project Planning
• Project Team Selection
• ​Design process management
• Construction oversight until project completion
• Pre-opening process oversight
• Handover to operation