Client: RF Corval
AEC was engaged by RF Corval to undertake a residential market study and feasibility report on the potential residential development land component forming part of the Bundall Corporate Centre Site. Corval were interested in interrogating the feasibility of developing the residential approved Master Plan (368 apartments) over part of the property (extending to a site area of 14,489m2). In addition to preparing an analysis of the approved Master Plan based on the proposed residential development, AEC undertook a high-level analysis of other potential permissible uses applicable to the Site including commercial and retail development.
The purpose of the assessment was to assist Corval with developing a deeper understanding of the Gold Coast residential apartment market and undertake feasibility modelling broadly based on the Master Plan. AEC also conducted analysis on other potential uses for the Site to determine if residential development representative of the highest and best use was another alternate asset class more suitable.