You purchased a piece of commercial land in Salmiya for 600,000 KD. You design the development to fit 4 restaurants each with an area of 120 square meter. Each shop is expected to be rented for 14KD per square meter. OPEX is expected to be 10,000 annually and 1 shop is expected to be vacant. Development is estimated as follows: Labor = 80,000 Steel= 40,000 Design= 30,000 Project Managment = 20,000 Other materials = 250,000 Licensing = 5,000 MEP= 50,000 The project is expected to be financed 60% debt and 40% equity

1- calculate hard costs, soft costs and total project cost

2- calculate expected NOI

3- calculate project Cap rate

4- calculate developers expected return on equity