CONVERSIONS STRATEGIES IN DEVELOPMENT PROJECTS
A dynamic and volatile market can often adversely effect developments being built for specific purposes e.g. hotel and restaurant properties may find themselves economically unviable due to contextual turnovers.
Often such instances may be temporary setbacks but what if they had longlasting change in consumer behaviour?
Possibly reducing footfalls in malls or occupancy of hotels of certain types or certain regions?
Such instances are not to be taken lightly and it is best to plan for various scenarios to minimize dilution of value of the asset.