Property Development Milestones
Promote your project and services by announcing key milestones on the building timeline.
Find new development at key milestones
Key Milestones
- 42 milestones to help people find buildings at certain stages of their lifecycle;
- Each milestone signals the public to take action;
- Anyone from the team can post milestones;
- Posting a milestone will push the building up in the listings, increasing the chances of getting to No.1 on Buildington Trends.
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Site acquired
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Plans approved
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Funding secured
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Main Contractor appointed
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Registration opens
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Sales launch
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50% sold
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New release
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First residents move in
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Grand opening
Planning Milestones
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1. Site acquired
A Developer has purchased a site with a development opportunity.
Example: Developer Riverstone acquires a site on The Bishops Avenue N2 with existing planning permission. Read more…
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2. New appointment
The Developer appoints a consultant to deliver the project plans. This includes all the companies in the planning team – Planning Consultant, Architect, Structural Engineer, MEP Engineer, etc.
Example: The refurbishment of the Barbican Centre has been awarded to a joint design team led by architects Allies and Morrison and Asif Khan Studio. Read more…
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3. Public consultation
Once the designs are ready for review, a Public Consultation is held to get feedback from the community. This usually involves a public exhibition to showcase the plans where a series of talks, meetings and workshops take place.
Example: The developers want to hear what you think about the emerging vision for the Earls Court site to help shape these plans to bring it back to life. Read more…
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4. Design
The planning team is now working on the plans and designs.
Example: Bishopsgate Goodsyard Regeneration Ltd has completed the Section 106 agreement, unlocking the 1.7 million sq ft mixed-use regeneration area in Shoreditch. Read more…
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5. Planning application submitted
Plans for the development are submitted to the local authority.
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6. Planning committee meeting
Announcement ahead of the meeting for anyone who wants to attend the meeting.
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7. Plans approved by Committee
Announced right after the Committee vote.
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8. Planning permission granted
Construction Milestones
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9. Enabling works start
Works to prepare the site for development start.
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10. Demolition start
Demolition works start.
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11. Construction starts
Construction starts on site. Often marked with a Groundbreaking Ceremony.
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12. Foundation works start
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13. Superstructure works start
Superstructure works start.
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14. Topped out
The development has reached the highest point of construction. Usually marked with a Topping Out Ceremony.
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15. Scaffolding removed
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16. Completion
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17. Handover
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18. Fit-out start
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19. Fit-out completion
Sales Milestones
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20. Coming soon
Coming soon is announced when an approximate date for the launch is set.
Read more about this milestone: Coming Soon – a drumroll in the world of property development
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21. New images
New images released.
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22. Website launch
Website launch.
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23. Sales Launch
The launch of the sales is often marked by a physical event. There might be more than one launch event but only one of them is ‘Official’.
Launch events are also listed on Buildington’s Launch Calendar.
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24. Sales event
Any other sales event held to promote sales except for the Launch or the Grand Opening. Often topical coinciding with a certain celebration. Usually, incentives are offered.
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25. New release
When a new collection of apartments is released. Developers often sell units in phases.
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26. 50% sold
The development is 50% sold.
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27. Under offer
The building or units are under offer.
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28. Sales suite launch
Launch of the sales/marketing suite. Often off the site.
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29. Show home launch
Launch of a show home.
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30. New transaction
An important transaction.
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31. Fully pre-let
When a commercial development is fully let before completion
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32. Sold out
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33. Site for sale
The development or building is for sale.
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34. Site sold
A development or building is sold.
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35. Grand opening
Grand opening of the development after completion.
In Use Milestones
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36. First residents move in
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37. New occupier
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38. Service instruction
A new service provider has been appointed for the building.
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39. Service launch
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40. Space opening
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41. New certificate
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42. Award received
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