Development
appraisals
Understand scheme viability, residual land value and the capital needed to deliver your project.
- Phased development cash flows
- Master developer and infrastructure models
- Cost, sales and programme sensitivities
INDEPENDENT EXPERTISE · LONDON
Complex property.
Clear numbers.
Bespoke financial models that bring clarity to real estate investment, development and funding decisions.
Discuss your project Explore the servicesYOUR PROJECT. YOUR MODEL.
Work directly with an experienced financial modeller,
from the first conversation to the final handover.
A commercial perspective.
A detailed approach.
A detailed approach.
EXPERIENCE GAINED AT
LandsecStepStoneCBREFora Space
Previous employment experience, not client endorsements.01 / HOW I CAN HELP
Built around
your next decision.
From an early feasibility assessment to a detailed investment case, get a model that reflects how your project actually works.
Development
Investment
underwriting
Translate an asset’s business plan into a clear view of cash flow, returns and downside risk.
- Acquisition and disposal analysis
- Discounted cash flow and return metrics
- Asset business plans and scenarios
Debt, equity
& joint ventures
See how funding structures change your equity requirement, cash distributions and returns.
- Debt capacity and refinancing scenarios
- Joint venture and promote structures
- Funding needs and covenant analysis
02 / RELEVANT EXPERIENCE
Real projects.
Commercial understanding.
A background across development, investment and advisory — applied to the details of your brief.
INDEPENDENT CONSULTANCY
c.£60m GDV
London residential development
Financial modelling for residential schemes, supporting viability assessments, funding strategies and investment decisions.
AT LANDSEC
c.6,000 homes
Large-scale regeneration
Cash flow and master developer models for three residential-led regeneration schemes with £3bn+ combined GDV.
AT STEPSTONE
c.€300m
Office portfolio refinancing
Scenario modelling, debt capacity analysis and investor reporting to support portfolio refinancing and business planning.
Selected personal experience. Landsec and StepStone figures relate to work undertaken in previous employment.
03 / YOUR MODELLING PARTNER
Institutional experience.
Personal involvement.
Stephen Chu
MSc Real Estate, Kingston University
BA Economics & Business, UCL
I’m Stephen, an independent real estate financial modelling consultant based in London.
My experience spans residential regeneration, office investment, flexible workspace and real estate debt, with previous roles at Landsec, StepStone, CBRE, Fora Space and Spring11.
I bring that commercial perspective to each model: understanding the assumptions, working through the funding structure and making the results easy to interpret.
Whether you are assessing a new opportunity or developing an existing business plan, you work directly with me throughout.
Tell me what you’re working on04 / WORKING TOGETHER
A clear process.
A model you can use.
Start with the decision
Discuss your project, available information and the questions the model needs to answer. Agree the scope, fee and timetable.
Work through the detail
Build the cash flows, incorporate your assumptions and test scenarios together so the model reflects the commercial brief.
Understand the outputs
Receive the Excel model with a walkthrough of its structure, key assumptions and results, ready for your team to use.
LET’S DISCUSS YOUR PROJECT
What are you
working on?
Tell me about the asset or scheme, the modelling support you need and your target timeline.
Email StephenBASED IN
London, United Kingdom