Our Risk Management Approach
"As one of South Africa's foremost real estate companies, we own and operate iconic properties in some of the most dynamic markets. Our development portfolio includes office, retail, industrial, hospitality, and student housing assets across the African continent"
Our Risk Management Approach
Real estate development is considered to be one of the riskiest corporate activities there is due to the fact that the creation of real estate products is in many cases speculative therefore inherently risk and uncertainty are key elements of development process.
Eris is able provide a well-thought-out process driven approach to risk that encompassing all facets of the property development process - from conducting property development feasibilities, determining the highest best possible use of the site to identify profitable opportunities, understanding the property market cycles, conducting market research & due diligences and engaging the property development team to orchestrate and facilitate the entire development process from inception to delivery.
Underwrite Time, Cost & Quality
The nature of property development means that decisions are largely made on the basis of estimates or expectations of the future, thus it is crucial that one is able to contend with uncertainty. Eris provides a unique mechanism to de-risk the development for third party Clients by providing an underwrite on the time, cost and quality of the development. A testament to our unrivalled skill and expertise in the market.
Eris's development role is essentially one of converting financial capital into physical capital and it achieves this by supplying a stream of entrepreneurial services to the property market through the identification and activation of market opportunities, assembling and applying the financial and physical resources to construct new space.
To ensure that our interests are aligned with our investors', we put our own capital to work alongside theirs in nearly every deal we do, bringing the strengths of our African reach, large-scale capital and operating expertise to bear on all our investments.
Throughout the Development process we ensure:
- Effective Communication with Ownership
- Accounting / Control / Reporting
- Schedule / Budget Management
- Investment / Asset Management Services
- Marketing and Public Relations
Our Team
Real estate development is required to combine the aspects of location, project concept/idea and use of capital so as to achieve multiple objectives. The end result needs to be micro-economically competitive on a standalone basis and should create and / or secure employment whilst also macro-economically need to be socially and environmentally acceptable to generate a positive return over their life-cycle in the long term.
Anyone familiar with the carrying out of property development will know that it contains many complex problems and complicated decisions that have to be made.
Eris has highly experienced personnel who effectively manage complex projects. The team achieves this through the evaluation, planning, and execution of various strategies, including acquisition, disposition, re-entitlement, master planning, and development which enables our clients to achieve the greatest value for its real estate.
A Unique Asset Class requires a Unique Partner
Few business ventures are as heavily leveraged as traditional real estate development projects, magnifying the risk of ruin but also increasing the potential for high returns to equity
For over three decades, Eris has developed landmark real estate projects that deliver lasting value to investors and communities. The firm's unique talent in value engineering consistently allows its partners to achieve their development goals on or below budget.
Our projects have a reputation of setting standards for success in their respective markets and product types. Over and above financial returns, they improve cities and pioneer new sustainable practices. Combining insights from local teams, decades of experience and a commitment to long-term value creation, we craft sophisticated structures designed by world-class architects.
