Showing posts with label Land Owner Legacy. Show all posts
Showing posts with label Land Owner Legacy. Show all posts

Friday 6 October 2017

Land Assembly Valuation

Concept Plan



How do you value property on a land assembly deal?

You might go to the MLS, look at active and sold listings in the last few months, look at trends and list comparbles and come up with a number. 

Here is where Commercial Real Estate and Planning Architecture join forces.

The Value of Land is based on the masterplanner's vision and the final built product price on the day of acquisition. 
Massing Study
Vision for land is created by
  • Site Analysis 
  • Masterplanning 
  • Massing Studies 
  • By-Law Interpretation

The aim is to build agreement between Buyers, Sellers, the City and ultimately the local community to come up with the highest and best use of the land and find a solution where everyone wins.

When we do the right amount of the upfront work to create vision by Site Analysis / Masterplanning / Massing Studies and By-Law interpretation, the whole process can be much smoother and well-reasoned.

Apart from managing the complexity of price through 'residual land value' calculations, the terms of sale in a commercial deal often involves some inventive responses as we satisfy the Stakeholders needs. This is always fascinating because there are lots of interesting moving parts.

Our ultimate aim is three things:  Find a solution that excites the Developer, satisfies the Seller and creates Value.


Saturday 24 August 2013

The Test of Time

The Great Hall, Sydney University
The Great Hall at Sydney University has passed the 'Test of Time' with flying colours. What makes a building last and be relevant for future generations? What makes it have 'heritage', not just because it is old?

There is social heritage, meaning lives were changed here, culture was created and great worth was given to an individual's achievement.

Then there is the building itself, its place in history and the dream and aspirations it created when it was conceived, built and paid for. The enormous energy it took to create this special place is a story of dedication, ideas and great hope in a new land.

What work are we making now that will pass a University Examination of Time?

I am the first to agree that there is more to life than what you can see and touch, however, cities are on the hunt for great land owners who will step up and partner with the finest craftsman and designers, using materials that last and stand for generations. This is one example of the word: Legacy.