Premcor is a market facing developer. We source new development opportunities which we manage from acquisition through to disposal. All property development involves risks across a number of areas. During the process there can always be construction issues, programme, macro and micro market variations etc not anticipated in the original business plan. It is how Premcor anticipates and addresses these issues that defines their capabilities. Premcor always initially seeks to mitigate project risk by:
∙ Considered deal selection
∙ Working with experienced, reliable funding partners
∙ Managing cashflow and equity exposure
∙ Using external professionals with whom we have long established and respectful relationships
In working with a variety of partners on our developments we recognise that as an experienced developer one of our key roles is to provide those partners with the support and re-assurance so that we can help to manage the development risks throughout the delivery process.