Asteco has been actively undertaking customised market research and analysis, to identify the profile of the end user for commercial retail, commercial office and residential developments across the GCC. These studies focus on identifying a specific target market and assisting the developer in designing a product that suits the needs and wants of the identified target market.
These reports are used by developers to stimulate initial investment in their project through the presentation to financial institutions (banks) and other private equity providers. Once the market research and analysis is completed a highest and best land use study is undertaken to determine what the project development should include.
Highest and best land use studies include commentary on the following issues:
For projects recommended for the development of residential dwellings, commentary and recommendations are provided in relation to the residential mix, site coverage, dwelling size, elevations, room sizes, and associated facilities such as garages, staff accommodation and other rooms within the villas/apartments.
Commercial Office Sector
Asteco has been actively involved in the market and financial feasibility studies for a number commercial buildings throughout the GCC. The studies include commentary and recommendations on the mix and type of commercial property, site coverage, floor areas, circulation space, associated services, international fit-out and importantly, how each of these elements integrate with the other uses within the development.
Associated Services, Hospitality, and Entertainment
All of the major projects worked on by Asteco have required commentary and recommendations on the hospitality and entertainment component, and types of associated services for the development. Asteco’s advice covers associated services such as management offices, public facilities maintenance, security, cleaning, landscape services, transport and recreational facilities.