Rydalmere VPA Analysis
Client: Fife Capital
AEC were engaged by FIFE Capital to provide a proposal to provide valuation advice to support development of a VPA offer for negotiations with City of Parramatta (Council). It is understood a planning proposal seeks to rezone a site on Kirby Street, Rydalmere from IN1 General Residential to R4 High Density Residential. Several density options are currently being considered (FSR 1.3:1, 1.5:1 and 1.9:1).
In order to complete the requirements of the brief, AEC undertook a number of tasks, broadly structured in two parts. The first part was a comparison of site value comparing the base case to proposal case. The second part was determining the appropriate contribution in Voluntary Planning Agreements Policy.