General investor

Leading commercial real estate developers are now tending to avoid using general contractors – instead they are taking on their role and hiring the subcontractors themselves. The system is sometimes called packaging (since it divides projects into packages to be executed by individual contractors) or is known as the construction management system. This reveals a general truth about development projects: in many cases it is better not to have a general contractor to avoid cooperating with a firm that is so far unproven in your eyes. For example, Skanska Property for its general contractor work has for many years been using Skanska – a public company in the same group, while Ghelamco’s projects are constructed by its Ghelamco Construction SPV company. HB Reavis is another typical example of a company that uses packaging via a separate department in the company responsible for this process and so it consistently avoids employing the services of general contractors. This