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A property joint venture is an arrangement between two or more parties under which they combine disparate contributions in order to derive value from the development, acquisition or management of property. Although in the vast majority of instances that value will be measured in terms of income or capital Profits, there are some joint venturers (such as local authorities) who participate for social reasons (eg in relation to urban regeneration schemes, community projects, etc).

The contributions made by the joint venturers will usually involve some combination of:

1. •

   cash, or the ability to enter into financing commitments

2. •

   Tangible assets (eg land)

3. •

   Intangible assets (eg expertise, intellectual property, construction services, contractual rights, etc)

The parties who typically participate in property joint ventures include property companies, developers, onshore institutional investors, offshore investors, landowners, local authorities and other public sector organisations.