60 | Making the most in Mangere The exteriors of the buildings feature clean, contemporary styling and robust materials and are a combination of painted panels, wood cladding, aluminium joinery, and metal cladding. from page 58 Du Val Group: Mountain Vista Estate DEVELOPMENT Mental health initiative - page 62 The exteriors of the buildings feature clean, contemporary styling and robust materials and are a combination of painted panels, wood cladding, aluminium joinery, and metal cladding. The three stage project commenced in 2021, with stages 1 and 2 due for completion mid 2023, while completion of the final stage is estimated to be at the end of 2023. Eightyfive percent of the project has already been sold, with Stage 3 townhouses available for sale early next year. At the heart of Du Val Group’s on-going success is its 360° business model that vertically integrates all the stages of the property development and construction process. With a vision to build 1,000 quality, affordable homes every year, the 360° model is a strategic, long-term approach to property development that enables Du Val to undertake large projects in a timely and cost-effective way to deliver its vision and provide certainty and better outcomes for home-owners at a time when it is desperately needed. “Large-scale property development is incredibly complex and the exposure to business and external risk is significant,” says Kristen. “Redefining the playing field is about mitigating risk, which means controlling as many aspects of the property process as possible. The 360° approach reduces third-party involvement which has a direct impact on the level of site-based risk associated with Du Val’s large-scale residential projects. “By bringing land purchasing, architecture and design, construction, sales, marketing, and property management all under one umbrella, Du Val is not reliant on other parties to carry out their role in the project with exactly the same mindset and objective. It also allows us to implement new methodologies and innovative solutions to stay ahead of the current supply chain constraints.” Kristen adds that internalising construction to manage market price fluctuations and having an internal sales team is what really sets Du Val apart. Importantly, he says, the sales team gets involved at the very start, when the land purchasing team have identified a potential brownfield location. Together, they can assess the market and the type of dwelling that’s likely to sell which will define the project. “One of the biggest challenges of property development is making sure pre-sales are not holding up the project. “This means having a sales process that works and having sales teams who are accountable and understand exactly what’s required of them and when. “Having an internal sales team reduces the reliability on independent real estate agents and contractors to sell properties on Du Val’s behalf and means full transparency across the business for the project timeline. “Then there’s the added bonus of knowing customers and their capacity for purchasing properties, working with buyers ahead of settlement to make sure they have funding in place and releasing properties for sale at the optimum time to meet market demand.” AFS Rediwall® is a PCV permanent formwork system ideal for Basement, Retaining, and Foundation walls. • Alternative to blockwork • Hand installed • Speed of construction www.afswall.co.nz Dependable Service / Reliable Results Our helpful & knowledgeable staff have 150+ years of combined industry experience, meaning you can rest assured your next project is in safe hands. Levels 2 & 3, 1B Buscomb Avenue, Henderson 0610, Auckland Phone 09 836 3888 | www.teamtraffic.co.nz Proud to Support Du Val Group
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