[ Industry advisory · Property ]

Strategic advisory for ambitious property developers.

Development is high-stakes — long timelines, heavy debt and binary outcomes. We work with developers who want clean structures, honest project economics and a financial relationship that holds up under pressure.

[ What we hear, again and again ]

The pressures inside property developers.

None of these are signs of a poorly-run business. They're signs that the financial relationship around the business hasn't kept up.

  • 01Project margin sensitive to interest, build cost and sales timing
  • 02Multiple SPVs, JVs and entity structures creating reporting fog
  • 03Tax exposure that compounds across projects without planning
  • 04Lender, equity and partner relationships requiring real numbers
  • 05Personal exposure across guarantees and beneficial interests

[ How we work ]

What strategic support actually looks like.

  1. 01

    Project-level margin modelled honestly — not optimistically

  2. 02

    Structure designed for tax, asset protection and capital partners

  3. 03

    Cashflow and feasibility refreshed as inputs change, not at completion

  4. 04

    Tax sequencing across projects, distributions and exit events

  5. 05

    Personal wealth, exposure and succession kept on the agenda

[ The numbers that matter ]

What good operators in this industry actually watch.

Not a long list — the handful of numbers that, watched consistently, change how the business is run.

  • 01

    Project margin & IRR

    Modelled live as costs and timing shift

  • 02

    Debt headroom

    Coverage against current and committed projects

  • 03

    Tax exposure across projects

    Aggregated, not per-entity

  • 04

    Personal vs project position

    What's at risk vs what's being built

[ Across the year ]

A real cadence — not a tax-time call.

See the full 12-month cadence →

[ The honest line ]

We sit beside developers through capital events, structural decisions and the hard quarters — not just at completion.

[ The next conversation ]

Build with structure behind you.

Bring the messy stuff. The numbers, the pressures, the decisions you've been putting off. The first conversation is structured, candid and obligation-free.

[ Other practices in property ]