BBP Regeneration was part a multidisciplinary team commsissioned to create a cohesive Strategic Vision Masterplan, intended to assist in providing comprehensive and detailed framework to inform potential investors of market opportunities, design considerations and constraints which will support and encourage development of specific areas of the city and key strategic sites.
As part of this commission we identified the key development sites within Perth City Centre. The development potential of these sites required to be assessed in relation to key sector and growth opportunities and required infrastructure improvement to increase accessibility to and from the city centre and employment and residential areas and connectivity to the city hinterland, river and countryside. It was particularly important to identify the nature and extent of any public sector land holdings as these could provide important levers to influence future redevelopment.
We undertook a property market review of the city centre and surrounding property market to identify supply and demand trends in key sectors of the economy. The objective was be to establish sectors where there is demand for development, in which locations this demand lies and the associated values that could be achieved. Specific consideration was given in respect of potential for development of housing, tourist accommodation, student accommodation and cultural uses and their development costs and values to establish market opportunity. As part of our review of development opportunities we considered the viability of the identified sites from a market perspective and in terms of aspects such as ownership and exiting use/occupation that will impact on development potential and timing.
The Strategic Vision Masterplan summary document was prepared to inform future development plans and supplementary planning guidance. The report provided a concise and comprehensive package of material on which the next steps of the delivery can be based. An outline delivery mechanism and funding strategy was proposed that to take the Strategic Vision Masterplan forward towards successful delivery.