Real Estate Consultancy

Real estate consultancy services incorporate (i) investment and development consulting, (ii) technical due diligence and consulting, (iii) highest and best use analysis, (iv) development of commercial concept and tenant mix, (v) feasibility study and business planning.

The goal of LCP Development is to provide comprehensive answers to all technical and economic questions related to real estate investments and developments, and to offer optimal business strategies for their implementation.

Investment and Development Consultancy

The Hungarian real estate market offers numerous investment opportunities through its various segments (residential, office, retail, hotel, hospitality, logistics, industry, agriculture) and different regional characteristics. Navigating through the various investment/development products, selecting the optimal property, and in the case of development real estate, identifying and managing the risks associated with implementation requires a diverse range of knowledge and experience.

LCP Development, with its professionals possessing international and domestic experience, along with a reliable team of experts in technical, financial, and legal fields, provides appropriate assistance in selecting the right real estate investment form, conducting due diligence, and executing transactions.

Technical Due Diligence and Consultancy

One of the most significant risks associated with real estate transaction lies in the technical conditions of an asset. Negligent assessment of the general technical condition of buildings, as well as their mechanical and electrical systems, can significantly reduce the investor’s expected return on investment at the time of purchase. It is important to realistically plan the future cash flow of the property on both the revenue and cost sides.

Our team of architects, builders, structural engineers, mechanical and electrical engineers can effectively manage these risks and provide accurate forecasts of the significant renovation costs required in the future.

Highest and Best Use Analysis

After relying on extensive market research data, there is an opportunity to prepare a realistic action plan for implementing a real estate development that ensures best return on investment given a thorough utilisation analysis. The primary goal of the analysis is to narrow down the range of real estate development alternatives allowed by local zoning regulations and determine the most profitable options, which can be further analysed in greater depth within the framework of a feasibility study, ultimately leading to the highest and best use of the property.

Development of Commercial Concept and Tenant Mix

Our company has extensive experience in developing commercial concept and creating an optimal tenant mix that fundamentally determines the success of commercial real estate.

The success of a commercial property is determined not only by its location but also by its functionality. The place of the property on the site, the ratio between the commercial and parking space, the design of entrances, the connection and accessibility of different levels, the visibility of shops, and the delivery of goods are all part of a good commercial concept. We not only list these aspects but also create the best concept plan for each situation, whether it is a renovation of an existing property or a new development.

A proper concept is the foundation for a commercial property, but creating an optimal tenant mix is essential for long-term success. This is achieved not by placing the highest paying tenants next to each other but by designing with a wide range of experience and deep market knowledge. We not only design but also lease commercial properties to ensure long-term market success for both investors and tenants.

Feasibility Study and Business Plan

Based on an analysis of the highest value and best utilisation, a detailed feasibility study examines the macro and micro location of the property, its transportation connections, utilities, current technical condition, local construction and other special legal regulations, the property’s current financial indicators, the market for the type of property to be developed, competitors, the size of the optimal gross and marketable/rentable area, the purchasing power of the location, available average specific sales/rental prices, yield levels, the market value of the finished property, the investment budget and schedule, as well as various return on investment types of the project. By comparing detailed alternative concepts, it shows the best performing version and makes specific recommendations for the feasibility, composition, timing, and financial expectations of the project. The feasibility study provides answers to all questions, risks, and feasibility issues that arise in an investment or development project.