Assignment Task:
Learning Trigger:
An Excellent Development Opportunity
A triangular parcel of land of approximately 0.6 ha, has been consolidated and provides an excellent opportunity for private developers to purchase and convert the site into a large scale mixed-use development. The site is already on one title and is bounded by Flemington, Racecourse and Boundary Roads.
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Get Help Now!The site is offered with initial planning approval for mixed-use development. A final application will be required to approve the development layout and envelope. The site is approximately 3 km from Melbourne’s CBD and is easily accessible to City Link and the Tullamarine Freeway. The site:
• Has an established public transport network;
• Is adjacent to Royal Park;
• Is in close proximity to major hospitals;
• Is easily accessible to the light industrial developments in the western suburbs; and
• Is accessible to the major regional centres of Geelong, Ballarat and Bendigo.
The area hosts a multicultural community with demographic spanning the spectrum ranging from a matured population, young professionals to growing families.
Your firm has been engaged by a potential developer to carry out a Feasibility Study for a potential project, analysing all aspects of the development. The client is interested in maximising the potential for the site which will mean the final mixed use large scale development will need to be a high-rise building.
It is the expectation that the final report will provide the client with strategic advice and clear recommendations and justifications to deliver the project. This should include an assessment of risk and ensuring value for money across the proposed development.
Assignment 1 Requirements
• Preliminary report/team structure and approach
• Understanding of demographics and social/cultural factors which influence Large Scale Developments
• An outline of the concept of risk, and approaches to risk management
• Site constraints and factors influencing developments
• An outline of preliminary physical options relevant to the site
• An outline of approaches to development proposals
Assignment 2 Requirements
• Project Statement, Team Structure, Analysis and Project Objectives
• Project final proposed option (physical) including scope and mix
• Financial Study including cash flows, and financial returns
• Other relevant issues and factors affecting Large Scale Developments
• Full Feasibility Study report including recommendations and justifications
• Risk register
• Project program
Presentation and Portfolio
• Q & A discussion (compulsory individual presentation but attend as a team)
• Portfolio submission
Please note the following submission/assignment requirements:
• Self and Peer assessments must accompany the lodgement of the Assignments 1 and 2 respectively as outlined above.
• For the Q&A discussion, a series of questions will be provided in Brightspace prior to the session. Each individual will be required to respond to one of the questions on the day. The selection of the question will occur on the day of the Q&A session. The Q&A session will be recorded. You will attend the session with your team but will respond to your question individually.
• Please refer to the Assessment Schedule folder in Brightspace which is also included in the Subject Outline. Templates for Self and Peer Assessments are also included in this folder.
• Please check Brightspace for all submission dates and times.
• Your report(s) must be referenced in accordance with the ‘Holmesglen Guide for Referencing’
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