IKOS Investments undertakes Joint Ventures with developers and investor clients. We actively formulate investment consortiums to undertake property development projects. For any given scheme we form a limited company and allocate a shareholding based on the amount of investment undertaken by any individual investor. We look to deliver 20% return on overall project cost expenditure and deliver a 50-70% return on capital employed depending on the bank gearing ratio.
A typical refurbishment project is the apartment scheme of 18 residential units in Riga, Latvia, as summarised below. The program below shows a development period of 12 months for the project, as shown, with a 20% return on cost and 67% return on capital employed. This would be the typical target return that would be enjoyed by any given investor, as per the attached Development Appraisal.
We use a robust procurement system for any given project, which commences with a technical due diligence process and risk assessment. As part of the due diligence process we also undertake extensive market research on the local market and provide co-investors with project updates through every stage of a project.
We work with experienced professionals including Architects, Structural Engineers, Mechanical and Electrical engineers, Surveyors, Acousticians, Landscape Architects and Highways Engineers.
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