Real Estate Investor Magazine South Africa June/ July 2019 | Page 18

COVER STORY WCPDF conference unveils property devel- opment process model members of the WCPDF Management Committee, with Van Zyl being the organisation’s chairperson. According to the experiences of professionals involved in property development and construction, it currently takes an average of between four and eight years to complete a devel- opment in Cape Town – double the time when compared to a few years ago. In 2017, noting the impact that the long development process was having on housing affordability, Rob McGaffin from URERU agreed to further develop the model with the assistance of (then) recently graduated student Lewin Rolls and, later, Mida Kirova, a town planner with Nigel Burls & Associates. Chris Steffen, a quantity surveyor with Talani, later incorporated costings into it to highlight the time-related “This crisis is also the reason financial implications. Further valuable input was also received that we have themed this from various professionals in the industry along the way. year’s conference ‘The Perfect “ In response to this, academics from the University of Cape Town’s (UCT’s) Nedbank Urban Real Estate Research Unit (URERU) and industry members representing the Western Cape Property Development Forum (WCPDF) have joined forces to produce a Property Development Process Model in a major effort to determine why the development process currently takes so long, the objective of which is to identify the blockages and find solutions to shorten the unwieldy timeframe. Storm: Investment and jobs or bureaucracy and stagnation,’ and our model underlines the severity of the situation. But its primary aim is to provide both the private and public sectors with something of substance to discuss and debate so that we can get one of the largest contributing sectors to the economy rolling again.’ The model was revealed to the public at the annual conference of the WCPDF, held at the Century City Conference Centre on Thursday 16 May, by Rob McGaffin ̶ a senior lecturer with UCT’s Department of Construction Economics and Management which also hosts the URERU. The process model was originally conceptualised in 2014 by project management firms, MDA and its consultants Jedd Grimbeek and Johan Slabber, and Alwyn Laubscher & Associates’ current CEO, Deon van Zyl, to graphically identify their own firms’ experience of the protracted development initiative timeframes. Grimbeek and Van Zyl are both 16 JUNE/JULY 2019 SA Real Estate Investor Magazine Explaining the need for the model at this point in time and the drive to complete it in time for the conference, Van Zyl notes: “The crisis in the development and construction industry is really only now hitting the media headlines, because companies as large as Group Five are closing their doors. But members within our industries have been warning of this crisis for years, and it is one driven largely by politics and bureaucratic red tape.” “ This expanded timeframe, largely due to a long, complex and uncertain regulatory approval process, is now severely curtailing the development of much-needed private and public infrastructure, and has come to undermine the construction industry significantly. “This crisis is also the reason that we have themed this year’s conference ‘The Perfect Storm: Investment and jobs or bureaucracy and stagnation,’ and our model underlines the severity of the situation. But its primary aim is to provide both the private and public sectors with something of substance to discuss and debate so that we can get one of the largest contributing sectors to the economy rolling again.’ The model displays an indicative graphic timeline of the property development process in Cape Town, and illustrates the complexities of the process from start to finish, from the initial three-year project initiation phase to obtaining land rights, and then through procurement, construction