SUBSTRAT

Insights

Clear thinking for better asset decisions.

Perspectives on verification, structure, valuation and partnership—written for owners, buyers and decision-makers.

Documents and plans illustrating asset analysis

Featured · Asset verification

Verification before velocity

Why the strongest transactions begin with evidence, not promotion.

Latest perspectives

Ideas built around real transaction questions.

Partnerships · 4 min read

Structuring a development partnership

The questions landowners and developers should resolve before the first term sheet.

Valuation · 5 min read

Beyond the asking price

How context, use potential and transaction form influence asset value.

Joint ventures · 6 min read

Making joint ventures workable

Four principles for aligning contribution, control, risk and return.

Value creation · 7 min read

Unlocking dormant asset value

Practical routes from an idle holding to a productive commercial position.

Transactions · 8 min read

A better acquisition mandate

How clear criteria can reduce search costs and improve decision quality.

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