K-SL property Development
K-SL Property Development is a full-service property development company that offers a wide range of services covering all aspects of property development. Our team approach sees collaboration and participation between all the development stakeholders, including the client, professionals, financial institutions, contractors, sales and marketing agents, managing agents, local authorities, and often the local community.
At K-SL Property Development, we understand that property investors want a partner who can provide a seamless, end-to-end development solution; that’s why our goal is to provide our clients with a “one-stop-shop” development management service, encompassing everything from project inception and land acquisition to professional appointments, design development, feasibility studies, financial structuring, funding, construction, and project close-out.
Our comprehensive development management phases include feasibility studies, scoping and initiation, town planning and design, managing the town planning process, risk management, design, value engineering, time engineering, cost engineering, quality control, and assurance. We know each project is unique, so we tailor our services to fit our clients’ needs and requirements.
In addition, we offer pre-planning phases that are essential for a successful property development project. These include due diligence studies, business case development, managing land conversion process, managing environmental impact process, project execution planning, design management and buildability advice, project control – earned value analysis, managing costings, financial management, and principal agent, to manage from inception to close. Our team of professionals ensures that every aspect of the pre-planning phase is carefully considered and executed to provide a solid foundation for the development process.
At K-SL Property Development, our operations are guided by four fundamental values which reflect our commitment to excellence and our dedication to creating long-term partnerships with our clients. These values are the foundation upon which our company stands and are central to everything we do.
Integrity
We firmly believe in creating a culture of trust and transparency by taking responsibility for our actions and always acting ethically.
Client Focus
Our clients are at the heart of everything we do. We prioritise their needs, working closely with them to develop solutions that meet their unique requirements.
Passion
We are passionate about what we do, which constantly drives us to strive for excellence. We take pride in our work and are committed to delivering the best possible outcomes for our clients.
Agility
The property development industry is constantly evolving. We embrace change and adapt quickly to maintain the knowledge, skills, and tools best serving our clients, which is crucial. We understand the importance of being agile and adaptable in today’s fast-paced business environment.
Development Management Services
Property investors want a partner who can provide a seamless, end-to-end development solution. We provide our clients with a development management service, encompassing everything from project inception and land acquisition to professional appointments, design development, feasibility studies, financial structuring, funding, construction, and project close-out.
K-SL Property Development has a diverse and impressive property development portfolio, including hospitality, commercial, residential, student housing, and lifestyle centres. We are committed to providing our clients with unparalleled expertise in managing and facilitating the development process from start to finish.
Our team understands that successful property development requires a meticulous approach that covers all project phases.
Services we offer
1
- Review and assist in developing a pusiness plan through Due Diligence studies.
- Set project goals (timing, staffing, principal involvement, communications).
- Discuss building Features (function, size, shape, floors, image, look, general interior layout, etc.).
- Establish site criteria (zoning, visibility, access, loading, parking, topography, etc.).
- Discuss budget (pre-construction costs and fees, total project costs, etc.).
- Discuss funding (upfront pre-construction costs, available equity capital, etc.).
- Assist client in developing project budget including land, soft costs, hard costs, etc.
2
- Conceptually plan the proposed land site to determine the useable area, siting of the building, traffic impacts, accessibility, storm drainage, grading, etc., to ascertain the viability of a proposed site – considering all the potential horizontal costs.
- Orchestrating the entire Due Diligence process (including preliminary municipality interaction), inspections for environmental, soils, title, survey, utilities, etc
3
- KPD will facilitate the process of converting land into residential, commercial or industrial property and lead the efforts to interact and negotiate with municipal officials pertaining to the requirements necessary to gain approval of rights for the client’s preferred land usage and construction
4
- The first key to a successful project is selecting a great team. KPD will lead the efforts to procure the most capable and appropriate professionals for the client’s anticipated project, including the project architect, general contractor, civil engineer, and others.
- Preferred and pre-qualified professionals will be selected – preferably located near the site and presented to the client to analyse and compare proposals allowing the client to make an informed final selection.
- KPD is responsible for managing and coordinating the A&E professionals throughout the project and making recommendations to the client to enhance its decision-making process and to keep the process running smoothly.
5
- KPD provides, updates and maintains the overall project schedule that considers the planning, resource procurement, real estate selection, team selection, financing, design, entitlements, engineering and construction – from A through Z throughout the project.
- KPD will regularly update the schedule as needed; this includes, in part, schedule documentation from both the A&E and the GC. This process will also create a timeline for each specific purpose, including task accountability, cash outlays, project management fees, etc.
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- It is critically important for the client to plan the timing of inflows and outflows to ensure that there is enough cash to pay the bills and that the client only borrows what they need.
- KPD will facilitate the process of setting up the cash flow model necessary to analyse inflows and outflows and can also maintain the cash flow model as part of the financial management of the project.
- A pre-construction budget will also be drawn up for costs and fees required to commence the pre-planning phases and acquire the rights to develop.
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- KPD leads clients through a process to identify, evaluate, negotiate and eventually consummate one or more loan transactions.
- KPD will assist the client with preparing a loan package starting with the information provided in the Project Definition phase (above), supplemented with additional information that lenders will need to get comfortable with and to qualify the client for future construction and/or permanent debt resources. Such supplemental information shall include historical data, project data, financial data, staff data, product and competition data, and risk data.
- KPD, however, does not represent any candidates that might loan money to clients and acts only as the advocate for the client throughout the project and throughout the procurement of the debt resources.
- KPD stays involved through the commitment, documentation, due diligence, loan closing and loan disbursements.
Development Management Phases:
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- Due Diligence Studies
- Business Case Development
- Managing Land Conversion Process
- Managing Environmental Impact Process
- Project Execution Planning
- Design Management And Buildability Advise
- Project Control – Earned Value Analysis
- Managing Costings
- Financial Management
- Principal Agent To Manage From Inception To Close
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- Feasibility Studies, Scoping & Initiation
- Town Planning And Design
- Managing Town Planning Process
- Risk Management
- Design
- Value Engineering
- Time Engineering
- Cost Engineering
- Quality Control And Assurance
For a development partner that can provide a comprehensive, end-to-end solution, look no further than K-SL Property Development. Our focus on integrity, client partnerships, passion, agility, and innovation means that we are committed to delivering the best possible outcomes for our clients.
In 2023, K-SL Property Development successfully concluded the construction of the K-SL Student Hotel in Bendor, achieving this milestone with a total project expenditure of R140 million. Presently, the company is diligently progressing towards the completion of the R1.1 billion K-SL Student Hotel Unilim, while concurrently overseeing the extensive refurbishments underway at the K-SL Student Hotel Baobab, at an investment of R80 million.
