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.
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.