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NorthPoint
Development is a subsidiary of NPG with its core focus on the development
and construction management
of commercial real estate specializing in retail, office, industrial
and mixed use developments.
Today, property development requires more
knowledge than ever before about prospective markets and marketing
patterns of growth, legal
requirements, local regulations, public policy, conveyances and
contracts, elements of building design, site development, construction
techniques,
environmental issues, infrastructure, financing, risk control and
time management. Ever-increasing capacities and complexities along
each of these dimensions have resulted in increased specialization.
At
NorthPoint, our development activities incorporate the full support
and guidance of its sister companies that offer an integrated
design-build-market
approach, which ensures extraordinary results through a systematic
approach to mitigating risks, reducing costs, fast-tracking the
full development process and creating exceptional returns on
investment.
The purpose of NPG’s development process
is to provide sound, attractive, functional and demanded space
that minimizes
risk and
produces the highest returns on investment for its equity partners.
Under
certain circumstances NPG employs a systematic speculative
development program when there is property located in a
market with very strong demand or there are supply-constrained
conditions.
Areas
of Expertise
Neglected Assets: Well located, existing,
income-producing properties that suffer from lack of professional
management
and lack
of capital to maintain them properly.
Rehab & Redevelopment:
Well located, but older under maintained or obsolete
buildings that can be significantly
upgraded through
a comprehensive infusion of capital.
New Development:
Value-added investments that include an element of new development
(i.e. excess land).
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