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GVA. Launch Event - 09 February 2011. Scottish Government. Regeneration Discussion Paper. Richard Slipper, Director, Planning Development and Regeneration. Development Viability Basics – and the current dilemma. Development Viability Advice. The Residual Calculation.
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GVA Launch Event - 09 February 2011 Scottish Government Regeneration Discussion Paper Richard Slipper, Director, Planning Development and Regeneration
The Residual Calculation Estimated land value for a completed development: Gross Development Value less Build costs less Fees less Finance Costs less Profit = Residual Amount/value
Falling Values: The Distress Test Disproportionate effect
The Seizure Funds In ……and….. Occupier Take Up
Development and Infrastructure – the problems in the industry
Development and Infrastructure – the solutions in partnering
The Paradigm Shift Pay before you start Public/Private Sector Borrowed? Pay as you sell Plot Tariffing
Place Selection • Accessible • Low carbon • Services • Desirable • Will go there • Will invest • Will build there • ‘Total Place’
An Emerging Typology • Blanket Area • Measured • Central • Negotiated • Innovative
Scottish Government – Development Delivery – Summary of Actions